NCLAT upholds NCLT order dismissing ex-employees' challenge to Jet Airways aircraft sale during liquidation.
Appellants alleged aircraft were undervalued and sold illegally based on 2022 valuations without fresh assessment.
Tribunal finds sale process was judicially approved at multiple stages and employees' dues protected under Section 53.
Sale of three Boeing 777 aircraft for approximately $46 million was completed during liquidation proceedings.