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NCLAT asks Jet liquidator to keep sale proceeds in escrow
Mint Kolkata
|October 17, 2025
Funds will remain in the account till dispute over dues payable to MIAL is resolved
Funds will remain in an escrow till dispute over dues payable to MIAL is resolved.
The National Company Law Appellate Tribunal (NCLAT) on Thursday directed the Jet Airways liquidator to keep the proceeds from the sale of three grounded Boeing 777-300ER aircraft to Malta-based Ace Aviation in an escrow account until a dispute over dues payable to Mumbai International Airport Ltd (MIAL) is resolved.
This story is from the October 17, 2025 edition of Mint Kolkata.
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