NCLAT asks Jet IRP to cooperate with Dutch Court Administrator

first_imgNew Delhi: The National Company Law Appellate Tribunal (NCLAT) has directed the Resolution Professional of Jet Airways to cooperate with the Dutch Court Administrator, which is also conducting insolvency proceedings against the debt-ridden carrier. A three-member NCLAT bench headed by Chairman Justice S J Mukhopadhyay has asked the Interim Resolution Professional (IRP) to place before it a draft agreement with terms of condition between him and the Dutch Court Administrator in next two weeks. Also Read – Thermal coal import may surpass 200 MT this fiscalDuring the proceedings, the Committee of Creditors (CoC) informed NCLAT that it was ready to cooperate with the Dutch Court Administrator. “IRP has to collate the claims of the all financial creditors and operational creditors, domestic or internationally,” said NCLAT. It also said,” IRP is bound to take control of assets.” NCLAT also said IRP may consult the CoC before finalising the draft. It listed the next hearing for September 20. On August 21, NCLAT had asked the CoC of Jet Airways whether it would cooperate with the Dutch Court Administrator. It had then listed next hearing for September 4.last_img

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