Jet Airways crisis: Pilots, engineers unions, 2 Dutch vendors seek to be made parties to bankruptcy hearings

Mumbai: The pilots and engineers unions of Jet Airways and two Dutch logistics vendors to the grounded airline on Wednesday moved the NCLT seeking them to be made parties to the bankruptcy hearings, which the tribunal will begin from Thursday.

The consortium of 26 bankers led by State Bank of India (SBI) had filed for bankruptcy on Tuesday at the Mumbai bench of the National Company Law Tribunal (NCLT), seeking to recover over Rs 8,500 crore of their funds from the airline that was formally grounded on 17 April.

 Jet Airways crisis: Pilots, engineers unions, 2 Dutch vendors seek to be made parties to bankruptcy hearings

Representational image. AFP

While the pilots and engineers unions want to be made party to the case, the representatives of two Dutch firms want the tribunal's nod to make an intervention petition.

It can be noted that two logistics vendors of Jet Airways in the Netherlands had confiscated a passenger jet at the Amsterdam airport late March seeking dues and a local had in May ordered bankruptcy process against the grounded airline and had appointed Rocco Mulder as the administrator for the bankruptcy proceedings.

The names of the vendors are not known immediately.

The NCLT comprising VP Singh and Ravikumar Duraisamy adjourned the matter to Thursday for when it will also hear these intervention applications.

Jet Airways owes over Rs 3,000 crore to its 23,000 employees who have not been paid since March and some of them like engineers and pilots were getting part salaries since last December. The company also owes over Rs 10,000 crore to aircraft vendors/lessors.

Meanwhile, the tribunal may also hear the pleas of the two operational creditors — Shaman Wheels and Gaggar Enterprises, Thursday. These companies claim Rs 8.74 crore, and Rs 53 lakh respectively from the airline, and were the first to take the airline for bankruptcy on 10 June.

Updated Date: Jun 19, 2019 16:13:56 IST