Millennium Post

NCLAT allows Dutch court administrator to attend Jet Airways CoC meet

NCLAT allows Dutch court administrator to attend Jet Airways CoC meet

New Delhi: The National Company Law Appellate Tribunal (NCLAT) has allowed the Dutch court administrator of Jet Airways to attend the Committee of Creditors (CoC) meetings of the debt-ridden carrier.

A three member NCLAT bench said that the Dutch administrator would be part of the CoC meeting and would be given minutes of the meetings.

The Appellate Tribunal also set aide the earlier order of the Mumbai bench of the National Company Law Tribunal, which had denied to recognise the Dutch insolvency proceedings.

NCLT had barred Dutch Court Administrator from taking part in the Jet Airways insolvency proceedings in India. The Appellate Tribunal order came after the Resolution Professional of Jet Airways and Dutch Court Administrator agreed to co-ordinate in the insolvency proceedings ongoing in India.

PTI

PTI

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