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MIAL moves NCLT seeking clarity on sale of Jet aircraft to Ace
Mint Mumbai
|December 18, 2024
MIAL contends that following the Supreme Court verdict, there is uncertainty about the aircraft sale agreement
Mumbai International Airport Limited (MIAL), owned by the Adani group, has approached the National Company Law Tribunal (NCLT) in Mumbai seeking clarification on the validity of selling Jet Airways' three grounded aircraft to buyer Ace Aviation.
The NCLT has agreed to hear MIAL's application and has scheduled the hearing for 14 January to determine whether the sale can proceed post-liquidation. Additionally, the NCLT has directed the involved parties to formalize the necessary documentation pertaining to the sale.
MIAL contends that following the Supreme Court's judgment, there is uncertainty regarding the survival of the sale agreement for the aircraft as no resolution exists, and has urged the NCLT to provide clarity on this matter.
This story is from the December 18, 2024 edition of Mint Mumbai.
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