Mumbai: Jet Airways employees have now approached the National Company Law Appellate Tribunal (NCLAT) seeking quashing of the NCLT’s approval to the resolution plan of Kalrock-Jalan consortium. Earlier, Jet Airways rejected the resolution plan.Also Read - Bharat Bandh Today: Delhi-Meerut Expressway Blocked; Rail, Road Traffic Hit | Key Points
Jet Airways Kalrock-Jalan Resolution Plan
Also Read - Breaking News LIVE Updates Sep 27, 2021: Cyclone Gulab Weakens Into a Deep Depression, Heavy Rains Likely to Continue over Andhra Pradesh, Odisha Also Read - Virat Kohli Praises Hattrick Hero Harshal Patel After Emphatic Win
- Bharatiya Kamgar Sena (BKS) and the Jet Airways Cabin Crew Association have cited concerns on unpaid salary dues and continuity in their plea, as per IANS report.
- In the voting process of employees, only 35.1 per cent approved the plan while 3.2 rejected it, and 61.6 per cent abstained from the voting. As such, the proposal for ex-employees and workmen of Jet Airways (India) Ltd, put forward by Murari Lal Jalan and Florian Fritsch, has lapsed, the consortium informed employees on Thursday, as per IANS report.
- The admitted claims of employees stood at Rs 1,265 crore, while the consortium has proposed Rs 52 crore to settle their claims, IANS reported.
- According to employees, the airline owes at least Rs 3 lakh to each employee which may well go up to Rs 85 lakh, while now each employee is being offered a total of around Rs 23,000, which one employee, who did not want to be named, described as “peanuts”, according to IANS report.
- The plan proposes to pay each workman of the corporate debtor Rs 11,000 cash, Rs 5,100 cash as medical expense reimbursement for the parents of the workmen, Rs 5,100 cash as school fee reimbursement for children of the staff, Rs 1,100 for stationery for children of the staff and one-time mobile phone recharge of Rs 500, IANS report says.
- This cash payment will be made out of the contingency fund (Rs 8 crore). Additional amounts, if required, will be utilised out of the proceeds of sale of assets received by the corporate debtor, according to IANS report.