NCLAT upholds PF, gratuity dues for Jet Airways employees, rejects SBI appeal

NCLAT upholds PF, gratuity dues for Jet Airways employees, rejects SBI appeal

NCLAT rules in favour of Jet Airways employees, ensuring full payment of PF and gratuity dues, rejecting SBI's appeal.

Relief For Over 11K Workers: NCLAT Orders Full PF, Gratuity And Pension Dues For Jet Airways Staff

New Delhi: In a major relief for thousands of former Jet Airways employees, the National Company Law Appellate Tribunal (NCLAT) has upheld an earlier order directing the airline’s liquidator to pay provident fund (PF), gratuity and pension dues in full, dismissing appeals filed by the financial creditors and banks. The appellate tribunal also held that the 1,656 days spent in litigation during Jet’s extraordinarily prolonged corporate insolvency…

NCLAT upholds priority payment of PF, gratuity dues to Jet Airways employees

The National Company Law Appellate Tribunal (NCLAT) has upheld the priority payment of provident fund (PF) and gratuity dues to former employees of Jet Airways, dismissing an appeal filed by the State Bank of India (SBI). The ruling offers significant relief to hundreds of ex-employees as the defunct airline continues to undergo liquidation. With the decision, the appellate tribunal has reaffirmed an earlier order of the National Company Law Tri…