Employees of JetLite, the erstwhile low-fare unit of Jet Airways, have moved the dedicated bankruptcy court for inclusion in the liquidation process of Jet Airways (India) Ltd and admission of their dues.
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.
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.
