NCLAT asks Jet Airways IRP to cooperate with Dutch Court Administrator

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Press Trust of India New Delhi
Last Updated : Sep 04 2019 | 2:50 PM IST

The National Company Law Appellate Tribunal (NCLAT) has directed the Resolution Professional of Jet Airways to cooperate with the Dutch Court Administrator, which is also conducting insolvency proceedings against the debt-ridden carrier.

A three-member NCLAT bench headed by Chairman Justice S J Mukhopadhyay has asked the Interim Resolution Professional (IRP) to place before it a draft agreement with terms of condition between him and the Dutch Court Administrator in next two weeks.

During the proceedings, the Committee of Creditors (CoC) informed NCLAT that it was ready to cooperate with the Dutch Court Administrator.

"IRP has to collate the claims of the all financial creditors and operational creditors, domestic or internationally," said NCLAT.

It also said," IRP is bound to take control of assets."

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First Published: Sep 04 2019 | 2:50 PM IST

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