Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: July 1, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1438 of 2024 along with four interim applications (I.A. No. 5222, 5223, 5224, 5225 of 2024). The appeal was filed by TWC Aviation Capital Ltd. against respondents including Satish Kumar Gupta, the Liquidator of Jet Airways (India) Ltd., and others. The matter relates to the corporate insolvency resolution process of Jet Airways (India) Ltd., which is currently under liquidation.
Final Outcome
The bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical) adjourned the hearing, stating "No time left." The appeal and all pending interim applications were listed for the next hearing on July 31, 2026. No substantive arguments were heard, and no orders were passed on the merits of the case.
Topics: Insolvency Appeal, Aviation Sector, NCLAT Proceeding