Jet Airways staff unions challenge resolution plan, file appeal in NCLAT

Kalrock-Jalan consortium proposed a sum of Rs 52 crore to settle admitted employee claims of Rs 1,265 crore

Jet Airways employees have rejected the Kalrock-Jalan consortium’s offer under the resolution plan and have challenged the plan in the National Company Law Appellate Tribunal.

Bharatiya Kamgar Sena (BKS) and Jet Airways Cabin Crew Association, on Wednesday, filed an appeal against the National Company Law Tribunal’s June 22 order approving the resolution plan. The unions said the resolution plan fails to protect workers’ interests and violates labour laws.

While Jet Airways had admitted claims of around Rs 15,000 crore, the consortium  offered to settle claims of Rs 475 crore of financial and non-financial creditors. Employee claims worth Rs 1,265 crore