The ED had on Saturday attached assets worth over Rs 4,025 crore of BPSL in connection with its money-laundering probe linked to an alleged bank loan fraud. It had said that it attached land, building, plant and machinery of the company located in Odisha under the provision of PMLA.
"We allow the appellant to implead Union of India through Ministry of Corporate Affairs and Enforcement Directorate as respondent No 3 & 4. The UoI may address the matter on behalf of CBI and SFIO," said NCLAT.
On June 13, the resolution professional (RP) for Amtek Auto, Dinkar Venkatasubramanian, and the CoC had sought fresh bids for the debt-ridden company after Liberty House Group backed out. This was based on a new information memorandum.
Jet Airways is facing insolvency proceedings in the Netherlands, as well as where it was declared bankrupt after it failed to pay two European creditors. Subsequently, a bankruptcy administrator was appointed by the Dutch court.
The debt-laden company, which began operations 25 years ago, grounded its jets on April 17. Its founder and chairman Naresh Goyal stepped down a month before in March in an effort to revive the company.