NCLT Rejects Jet Airways' Plea for Rs 500 Crore Refund from Boeing

The National Company Law Tribunal (NCLT) has dismissed Jet Airways' liquidator's plea for a refund of Rs 500 crore from Boeing. The tribunal observed that the matter involves a contractual dispute over pre-delivery/advance payments, requiring detailed adjudication and evidence.

Jet Airways had entered into agreements with Boeing in 2013 for purchasing two aircraft, 737-8 and 787-9, and paid USD 92.13 million as advance/pre-delivery payments. However, Boeing suspended the agreements in May 2019 due to payment delays.

The NCLT said that questions of whether Boeing was justified in suspending and terminating the contracts, forfeiting the advance, and claiming set-off were disputed issues requiring evaluation of the underlying agreements.