https://www.taxtmi.com/caselaws?id=388593 The tribunal upheld the establishment of a Cross Border Insolvency Protocol between the Resolution Professional (RP) of Jet Airways (India) Limited and the Dutch Trustee, emphasizing international cooperation. The Dutch Trustee was granted the right to participate in Committee of Creditors (CoC) meetings as an observer without voting rights. The tribunal clarified the Dutch Court's jurisdiction in the insolvency resolution process, allowing the Dutch Trustee to collaborate with the RP in India. The joint Corporate Insolvency Resolution Process will continue as per the Insolvency and Bankruptcy Code, with the tribunal's directions ensuring smooth proceedings. en-us Thu, 26 Sep 2019 00:00:00 +0530 Tue, 19 Nov 2019 11:51:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388593 The tribunal upheld the establishment of a Cross Border Insolvency Protocol between the Resolution Professional (RP) of Jet Airways (India) Limited and the Dutch Trustee, emphasizing international cooperation. The Dutch Trustee was granted the right to participate in Committee of Creditors (CoC) meetings as an observer without voting rights. The tribunal clarified the Dutch Court's jurisdiction in the insolvency resolution process, allowing the Dutch Trustee to collaborate with the RP in India. The joint Corporate Insolvency Resolution Process will continue as per the Insolvency and Bankruptcy Code, with the tribunal's directions ensuring smooth proceedings. Case-Laws Insolvency and Bankruptcy Thu, 26 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388593