A court in India has dismissed Jet Airways (Mumbai International) liquidator Satish Kumar Gupta's bid to recover USD92,129,387 in advances and pre-delivery payments made to Boeing for aircraft that were never delivered.
The Mumbai bench of the National Company Law Tribunal (NCLT) ruled on September 11, 2026, that the dispute required interpretation of the underlying purchase agreements and involved contested contractual issues outside its jurisdiction under Section 60(5) of India's Insolvency and Bankruptcy Code.
Gupta argued that the funds formed part of Jet Airways' liquidation estate. Boeing countered that it had already applied the payments against its larger creditor claim and was entitled to deduct them from amounts owed by the airline.
The NCLT did not decide whether Boeing was entitled to keep the payments or deduct them from amounts owed by Jet Airways.
Jet Airways' audited accounts for the year ended March 31, 2020, recorded INR5 billion rupees (USD52.5 million) in advances to Boeing and said the manufacturer had suspended the relevant agreement on May 22, 2019, following Jet Airways' payment defaults.
As previously reported by ch-aviation, Boeing subsequently removed 125 B737-8s and ten B787-9s associated with Jet Airways from its backlog.
ch-aviation has asked Gupta for comment.
