Who will pay Jet Airways' dues to Mumbai Airport for parked aircraft? NCLAT asks NCLT to decide

The National Company Law Appellate Tribunal (NCLAT) directed the National Company Law Tribunal (NCLT) to decide who will be responsible for the dues of Jet Airways to the Mumbai Airport for its parked aircraft. The issue arose from the airline's financial difficulties and its inability to settle outstanding payments for parking charges at the airport. The NCLAT’s directive seeks clarity on the matter and aims to ensure that the creditors, including the airport, are fairly compensated. The decision reflects the complexities involved in the insolvency and bankruptcy resolution of large corporations.