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NCLAT Upholds Jet Airways Employees’ Dues, Prioritises PF and Gratuity

Newsmantra — Thu, 02 Jul 2026 08:15:20 +0000

NEW DELHI. The National Company Law Appellate Tribunal (NCLAT) has upheld the rights of Jet Airways employees, directing that approximately Rs 265 crore towards Provident Fund (PF) and gratuity be paid in full before any distribution is made to banks or other creditors. The tribunal also recognised May 20, 2020, as the effective date of liquidation, making employees eligible for nearly 24 months of pending salaries in addition to their statutory dues. The ruling comes after a prolonged legal battle spanning seven years.

The judgment is being hailed as a significant victory for thousands of former Jet Airways employees and their families, reaffirming that employee welfare and statutory benefits must take precedence during insolvency proceedings. The decision is expected to provide long-awaited financial relief to nearly 20,000 affected families while reinforcing the legal protection available to employees under India’s insolvency framework.

The verdict has also sparked wider discussions within the aviation industry on the importance of placing employees at the centre of corporate governance. Industry observers say the ruling sends a strong message that while financial assets can be recovered, the trust, dignity, and commitment of employees are equally valuable for building a resilient and sustainable aviation sector.

#JetAirways #NCLAT #EmployeeRights #AviationIndia #HR #Leadership #DrishtiSrishti #GurmukhSinghBawa

3 Depositors of PMC dead till now

Newsmantra — Wed, 16 Oct 2019 05:35:43 +0000

Till now three depositors of scam-hit PMC Bank allegedly died in separate incidents. Two died in day with heart attack while third one committed suicide .

Dr Nivedita Bijlani (39), who allegedly committed suicide on Monday evening while Sanjay Gulati and Fattulal Punjabi died of a heart attack on the same day. All three had deposits with the Punjab & Maharashtra Cooperative Bank.

The bank has been put under restrictions by the RBI after the discovery of a Rs 4,355 crore scam. Deposit withdrawals have been capped at Rs 40,000 over a six-month period, causing panic and distress among depositors.

Bijlani, a post-graduate in medicine, allegedly ended her life by taking overdose of sleeping pills at her residence in suburban Versova late Monday evening, police said, adding that she had deposits of over Rs 1 crore with the PMC .

However, the police also said that Bijlani, who had remarried recently, suffered from chronic depression, and had also tried to end her life earlier. No suicide note has been found.

Sanjay Gulati had lost his job with Jet Airways after the airline was grounded in April following bankruptcy. He has a specially-abled son whose treatment requires over Rs 25,000 a month, and they were struggling to pay his tuition fees.

Sanjay participated in the depositors’ protest in south Mumbai on Monday morning. Later, while having a late lunch at his house in suburban Oshiwara, he collapsed, his family said.