close

SC refuses to entertain JKC plea on Jet Airways employees' dues

The consortium had moved the Supreme Court earlier this month challenging the NCLAT Order of October 21, 2022

Bhavini MishraAneesh Phadnis New Delhi/Mumbai
Jet Airways
Premium

The Supreme Court on Monday refused to interfere in the National Company Law Appellate Tribunal’s (NCLAT’s) order directing the Jalan-Kalrock consortium, the successful bidder for Jet Airways, to pay provident fund and gratuity dues to the former employees of the debt-laden airline.
 
The dues, estimated by the airline staff and those associated with the revival process, are over Rs 200 crore.
 
A Bench comprising Chief Justice of India (CJI) DY Chandrachud, Justice P S Narasimha, and Justice J B Pardiwala observed that anyone stepping in to bail out the airline would know there were overriding labour dues.
 
Or

Also Read

Jalan-Kalrock consortium looks to move SC over Jet Airways staffers' dues

Jet Airways revival: Jalan-Kalrock accept bank call to infuse more capital

NCLT clears transfer of Jet Airways' ownership to Jalan-Kalrock Consortium

Lenders purposely delaying Jet Airways revival: Jalan-Kalrock tells NCLT

NCLT allows Kalrock-Jalan consortium to take control of Jet Airways

'No worry': Punjab National Bank allays concerns about Adani group exposure

State Bank of India plans to raise $500 million via green bonds

Birla scions Ananya & Aryaman join Aditya Birla Fashion & Retail Board

Hindenburg report: Adani group stock rout hits Rs 5.6 trillion in 3 days

Unsold housing stock fell 10% to 461,600 units at December-end: PropEquity

Jet Airways

  • 1D
  • 5D
  • 1M
  • 3M
  • 6M
  • 5Y
  • MAX

First Published: Jan 30 2023 | 9:39 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to read more on Business-Standard.com