Jet employees move NCLAT over compensation

Jet Airways staffers have moved the National Company Law Appellate Tribunal (NCLAT) challenging certain aspects of the Kalrock-Jalan consortium’s resolution plan that was approved by the National Company Law Tribunal (NCLT) on June 22. The staffers also did not approve the compensation offered by the consortium with little over 3,000 (35%) of the nearly 9,000 employees voting in favour and 5,500 (61%) abstaining from voting.

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