NCLAT agrees to hear Jet staff's plea against Kalrock-Jalan resolution plan

NCLAT issues notice, seeks response on concerns raised by Jet Airways employees

The National Company Law Appellate Tribunal will hear on October 8 an appeal filed by Jet Airways employees against the Kalrock-Jalan revival plan.

Various employee groups have moved the appellate tribunal seeking a stay on the insolvency court order approving the revival plan as it hurt their interests.

A division bench of the NCLAT on Wednesday allowed the resolution professional and the committee of creditors two weeks to file their response on the appeals and posted the matter on October 8 for admission. The tribunal was hearing an appeal filed by Association of Aggrieved Workmen of Jet Airways against the