Supreme Court of India · 2024-01-18
JET AIRCRAFT MAINTENANCE ENGINEERS WELFARE ASSOCIATION vs ASHISH CHHAWCHHARIA
- Citation / case number
- SC 2022/39609
- Court
- Supreme Court of India
- Petitioner
- JET AIRCRAFT MAINTENANCE ENGINEERS WELFARE ASSOCIATION
- Respondent
- ASHISH CHHAWCHHARIA
- Author
- Dr Dhananjaya Y Chandrachud
- Bench
- HON'BLE THE CHIEF JUSTICE, HON'BLE MR. JUSTICE J.B. PARDIWALA, HON'BLE MR. JUSTICE MANOJ MISRA
Judgment text excerpt
The Supreme Court addressed appeals concerning the approval of a Resolution Plan under the Insolvency and Bankruptcy Code, 2016 (IBC). The Court emphasized that the conditions precedent outlined in the plan must be fulfilled for the re-commencement of operations by the Corporate Debtor, Jet Airways Limited. The Court upheld the NCLAT's decision, affirming that the Adjudicating Authority's approval was valid and that the Resolution Applicant must adhere to the stipulated conditions for successful implementation of the plan.