Lawstreet Journal

NCLT’s Decision for the employees of Jet Airways [Read Judgment]

Lawstreet Journal 27 Jan 2022 11:18pm

Image courtesy: Lawstreet Journal Judiciary NCLT’s Decision for the employees of Jet Airways [Read Judgment]

The approved Resolution Plan includes a five-year business plan as well as cash predictions from the business computed and projected by the successful resolution applicant for the corporate debtor's resuscitation. The fact that the Board is a public authority does not imply that all material supplied to it, including confidential information, is public. With over 20,000 operational creditors and countless members (shareholders) in the current case, the objective could not have been to give such creditors, members, and stakeholders the ability to review the whole Resolution Plan during the Appeal stage.

We first need to notice the scheme of the Code and the Regulations framed thereunder regarding the confidentiality of certain information and reports, including the Resolution Plan in the CIRP proceedings.


[Read Judgment]

Continue Reading...

Tagged: NCLT   Jet Airways  
Disclaimer: SoOLEGAL in Media collaboration with Lawstreet Journal. SoOLEGAL take no responsbility for the content provided by Lawstreet Journal. For any discrepancies Contact Lawstreet Journal.
Did you find this write up useful? YES 0 NO 0

C2RMTo Know More

Something Awesome Is In The Work









Sign-up and we will notify you of our launch.
We’ll also give some discount for your effort :)

* We won’t use your email for spam, just to notify you of our launch.

SAARTHTo Know More

Launching Soon : SAARTH, your complete client, case, practise & document management SAAS application with direct client chat feature.

If you want to know more give us a Call at :+91 98109 29455 or Mail