No Liability on RP for payments to employees responsible for preserving and managing operations of Jet Airways: NCLAT [Read Order]

The bench held that there is no basis for holding the Resolution Professional personally liable for any payments made to the 103 employees
By Yogitha S. Yogesh - On July 29, 2024 1:33 pm - 2 mins read
NCLAT - NCLAT Delhi - Jet Airways - resolution Professional - Asset Preservation Team - Jet Airways operations management - taxscan

The Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) held that there is no liability on Resolution Professional ( RP ) for the lump sum payments made to employees who were part of the Asset Preservation Team (APT) responsible for preserving and managing the operations of Jet Airways. Th two-member bench…

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