JetLite staff seek inclusion in Jet's liquidation process
In a bold move, employees of JetLite have turned to the bankruptcy court, pushing for their outstanding dues to be recognized in the Jet Airways liquidation saga. Following Jet Airways' acquisition of Sahara Airlines in 2007 and the subsequent reb...
In an application to the National Company Law Tribunal (NCLT), the employees have argued that despite evidence of operational integration, financial interdependence, and unified management between Jet Airways and JetLite, the claims of Jet Lite's workmen or employees were systematically rejected throughout the corporate insolvency resolution process (CIRP) and continue to face rejection in the liquidation proceedings.
In 2007, Jet Airways acquired Sahara Airlines (Air Sahara), subsequently rebranded the latter as JetLite.
About 100 employees are seeking admission of claims totalling around ₹48 crore in Jet Airways' liquidation process.
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