Currently, Jet Airways is managed by the Monitoring Committee.
Bombay:
All India Jet Airways’ Officers and Staff Association said on Thursday it has appealed to NCLAT against the Jalan-Kalrock consortium’s resolution plan for the airline.
In October 2020, the airline’s Committee of Creditors (CoC) approved the resolution plan submitted by the consortium of UK-based Kalrock Capital and UAE-based entrepreneur Murari Lal Jalan. The plan was later approved by the Mumbai Bank of the National Company Law Tribunal (NCLT).
Last week, Jet Airways’ Air Operator certificate was revalidated by aviation regulator DGCA, paving the way for the airline’s relaunch, which had to remain grounded in April 2019 due to financial difficulties.
Kiran Pawaskar, chairman of the All India Jet Airways Officials and Staff Association, said: “The resolution plan relies on many hypothetical assumptions about the use of critical assets of the former Jet Airways, including its property, flight slots and most importantly, its employees and employees. said in a statement.
In its petition before the National Company Law Appellate Tribunal (NCLAT), the association has requested full payment of the tip, unpaid wages, collection of privilege leave, bonus from April 2018 to June 2019 and austerity allowance for all workers and employees, the statement said.
Among other things, the association has demanded that any employee rehired by the resolution applicant or the Monitoring Committee be given their gratuity, unpaid wages, redemption of privilege leave, bonus and austerity allowances according to their rights and that any signed waiver/confiscation document of these amounts cannot be enforced against them.
The airline, which is expected to start flying again in the coming months, is currently managed by the Monitoring Committee.
Narayan Hariharan, former senior vice president of Jet Airways and legal counsel to employees, said the resolution plan is “dangerously held together by a vague business plan”.
The airline is forcing employees to waive all of their legal rights they owe, especially tips, privilege leave, unpaid salary and bonus, the association claimed.
The airline was previously owned by Naresh Goyal and Gulf carrier Etihad. Bogged down by financial difficulties, the full-service airline shut down in April 2019. Later, a consortium of lenders led by State Bank of India (SBI) filed for bankruptcy in June 2019 to refund outstanding dues worth more than Rs 8,000 crore. to claim.
