NCLAT directs Jet Airways IRP, Dutch court administrator to coordinate

NCLAT also asks interim resolution professional to submit copy of draft agreement in two weeks, to hear matter on Sep 20

The National Company Law Appellate Tribunal (NCLAT) on Wednesday directed the Interim Resolution Professional (IRP) of Jet Airways and the administrator of Dutch insolvency court, which has declared the airline insolvent, to coordinate with each other. Both the parties will file terms of their agreement within the next two weeks, a three-member bench headed by Chairperson Justice S J Mukhopadhaya said. The appellate tribunal will next hear the matter on September 20.

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

During the last hearing on August 21, the NCLAT had