In the revised claims data put out by the RP, of the total Rs 30,558 crore, the RP has accepted claims worth Rs 12,555 crore and rejected claims worth Rs 11,995 crore, with Rs 6,055 crore worth of claims still under verification. So far, Jet has received 18,596 claims, which include employees, of which 13,911 claims have been admitted.
In the revised estimate, financial creditors’ claims worth Rs 8,272 crore have been admitted and Rs 1,747 crore worth of claims have been rejected, with more than Rs 200 crore worth of claims still under verification.
So far as the operational creditors are concerned (excluding the employees), the RP has admitted Rs 3,321 crore of claims and rejected claims of Rs 8,865 crore, with Rs 5,741 crore worth of claims still under verification.
Naresh Goyal-owned group companies, including the airline's general sales agent in India and abroad, and a car rental firm, are among those who have filed claims. Jet Privilege (Jet's loyalty programme), Etihad Airways, and its group companies
have filed claims too. Only Jet Privilege’s claims have been admitted while Rs 230 crore claims of the general sales agent have been rejected. Similarly, one of the group companies
of Etihad – Etihad Airport Services Catering's – claim has been admitted by the RP.
The workmen and employees of the beleaguered airline have submitted claims to the tune of Rs 545 crore, of which more than Rs 237 crore worth of claims have been accepted by the RP and Rs 225 crore worth of claims rejected. The National Company Law Tribunal (NCLT) had asked the RP to discuss with the committee of creditors so that some kind of interim funding could be arranged to pay off salaries of the employees.
However, the CoC could not give any assurance on interim funding. The RP had said that they are expecting about Rs 50-60 crore in the form of receivables which will be used to pay off at least a month’s salary to the aggrieved employees. Jet still has close to 7,500 employees on its payrolls. Prior to its grounding, it boasted of an employee base of over 14,000.
Among the financial creditors, State Bank of India, YES Bank, Punjab National Bank, IDBI Bank and Canara Bank have the largest exposure to the defunct airline.
Shares of the defunct airline closed almost 5 per cent down on Friday at Rs 40.25 on the BSE.
Quarterly results delayed amid ‘complexities’
The resolution professional has informed the stock exchanges that the April-June quarter results of Jet have not been prepared because of complexities of issues the company is facing, along with the paucity of funding. Hence, the RP has said the entire process is taking time but attempts are being made to regularise issues at the earliest. The airline is currently going through the insolvency process.