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Jet Airways staff moves NCLAT against Kalrock-Jalan resolution plan
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SME Times News Bureau | 19 Aug, 2021
The employees of Jet Airways have approached the National Company Law
Appellate Tribunal (NCLAT) seeking quashing of the NCLT's approval to
the resolution plan of Kalrock-Jalan consortium.
The appeal comes after the emloyees rejected the resolution plan.
The
plea by the Bharatiya Kamgar Sena (BKS) and the Jet Airways Cabin Crew
Association have cited concerns on unpaid salary dues and continuity.
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.
The admitted claims of employees stood at Rs 1,265 crore, while the consortium has proposed Rs 52 crore to settle their claims.
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".
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.
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.
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