General U.S. NewsNov 3, 2026·2 min read

NCLAT sends notice to Boeing as Jet Airways seeks ₹872-crore refund for undelivered aircraft

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14h ago

Summary

The liquidator of bankrupt airline Jet Airways has moved the National Company Law Appellate Tribunal (NCLAT), seeking recovery of $92.13 million (about ₹ 872 crore at current exchange rates) from US aircraft manufacturer Boeing in advance payments made under aircraft purchase agreements signed in 2013. After Jet Airways failed to secure a revival, the Supreme Court ordered its liquidation on 7 November 2024. Jet Airways, once one of India's leading private airlines, suspended operations in April 2019 after mounting debt, financial losses and a cash crunch left it unable to fund daily operations. In November 2024, the Supreme Court overturned the revival process and ordered Jet Airways' liquidation, ending efforts to revive the airline. He writes on legal and regulatory developments in corporate India, with a focus on insolvency, taxation, company law, and policy. His reporting includes tracking and breaking key legal stories from the Supreme Court, Delhi High Court, NCLT, and NCLAT. With a background in law, Krishna is known for simplifying complex legal developments into clear, accessible stories for readers. His work focuses on trends in corporate law and policy that affect businesses. He closely tracks India’s insolvency system, covering issues such as creditor losses, gaps in the process, and challenges in how the framework works in practice. Krishna also tracks developments within law firms—covering hiring trends, how firms help companies navigate global challenges, and how the legal industry is adapting to artificial intelligence. Beyond legal reporting, he has written long-form pieces, including on-ground coverage of the 2024 general elections, capturing the scale and logistics of polling across India. Outside work, he enjoys travelling, exploring new places, and reading about geopolitics and history. Stay updated with the latest Trending , India , World , CJP Protest in Delh LIVE and US news.

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The bankrupt airline's liquidator has challenged an NCLT order dismissing its claim, arguing Boeing must return advance payments made for planes that were never delivered rather than adjusting them against dues.

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