NCLT Rejects Jet Airways Plea to Recover ₹500 Cr From Boeing

The National Company Law Tribunal (NCLT) in Mumbai has rejected a petition by the liquidator of Jet Airways to recover around ₹500 crore from Boeing. The dispute dates back to 2013 when Jet Airways paid USD 92.13 million as advance payments for two aircraft.

Boeing had maintained that it had already offset these advance payments against its own claims filed during the insolvency process. However, the tribunal ruled that this matter cannot be resolved under the summary jurisdiction of the Insolvency and Bankruptcy Code (IBC).

The NCLT bench determined that the disagreement over contractual terms and evidence is complex and requires a full-fledged trial in a civil court to settle.