business βοΈ SC declines to overturn NCLAT order for Jet Airways staff
The Supreme Court refused to intervene in the NCLAT's June 30 order regarding Jet Airways workmen's PF and gratuity dues. This decision was made by a Bench of Chief Justice Surya Kant in New Delhi. The order stated these dues are outside the liquidation estate, even without segregated funds present. The Court left the legal questions for future review, despite arguments from SBI's Solicitor General. The bench also questioned if the 'provident fund' definition applies when no deposits were made. π§