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 interlocutory applications (I.A. No. 5222, 5223, 5224, 5225 of 2024). The appeal was filed by TWC Aviation Capital Ltd. against Satish Kumar Gupta, the Liquidator of Jet Airways (India) Ltd., and other respondents. The matter pertains to the corporate insolvency resolution process of Jet Airways (India) Ltd. The hearing was conducted in hybrid mode with legal representatives present for both parties.
Final Outcome
The NCLAT bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), noted that there was no time left to hear the matter. Consequently, the appeal was adjourned and listed for the next hearing on July 31, 2026. No substantive proceedings, arguments, or decisions on the merits of the case occurred during this hearing.
Topics: Insolvency Appeal, Aviation Sector