NCLAT Delhi - RP Not Liable For Payments Made To 103 Employees Responsible For Preserving And Managing Operations Of Jet Airways

In a recent ruling, the National Company Law Appellate Tribunal (NCLAT) directed the resolution professional (RP) handling Jet Airways' insolvency case to make payments to 103 employees who have not received their dues. This decision aims to address the financial concerns of the employees while ensuring that Jet Airways can continue its operations and restructuring process. The NCLAT emphasized the importance of balancing employee rights with the ongoing management of the company's operations during the insolvency resolution. The case highlights the role of insolvency proceedings in addressing employee grievances and maintaining company functions.