01
Jul
In a massive victory for thousands of former Jet Airways employees, the National Company Law Appellate Tribunal (NCLAT) ruled that their outstanding provident fund, pension, and gratuity dues must be cleared in full. Dismissing a series of appeals filed by the State Bank of India (SBI) and other major lenders, the tribunal declared that these retirement benefits are statutory rights. Consequently, these essential worker funds must be kept completely separate from the general liquidation pool, insulating employees from competing financial claims by corporate creditors. The legal confrontation arose when SBI challenged an early 2026 directive from the National Company Law…
