NCLAT Upholds Priority Payment of PF and Gratuity Dues for Jet Airways Employees
The National Company Law Appellate Tribunal (NCLAT) upheld a National Company Law Tribunal (NCLT) order directing Jet Airways' liquidator to pay provident fund (PF) and gratuity dues to the airline's former employees in full, rejecting appeals by the State Bank of India (SBI) and other creditors. The tribunal ruled these statutory dues have priority and do not form part of the liquidation estate under the Insolvency and Bankruptcy Code. Employee groups estimate dues exceed ₹265 crore, covering around 11,800 workmen and other staff.