NCLAT asks Jet liquidator to keep sale proceeds in escrow
Mint New Delhi
|October 17, 2025
Funds will remain in the account 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.
The bench, led by Justice N. Seshasayee (judicial member) and Barun Mitra (technical member), asked the National Company Law Tribunal Mumbai to decide the matter regarding MIAL’s airport dues, while granting lenders and the liquidator the liberty to approach NCLT or NCLAT for any clarification.
यह कहानी Mint New Delhi के October 17, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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