A 3-judge bench, led by CJI, slammed the 2 bodies’ ‘growing tendency’ to disregard SC’s orders, besides political appointments & lack of infra, while also highlighting shortcomings of the IBC.
The decision set aside NCLAT order for transfer of the cash-strapped airline’s ownership to Jalan Kalrock Consortium despite it failing to abide by the resolution plan.
SC set aside resolution plan for Jet Airways, founded by Naresh Goyal in 1992 shortly after India liberalised its economy. A look at timeline of events that led to its permanent grounding.
New Delhi: The Supreme Court on Thursday exercised its extraordinary constitutional powers and ordered the liquidation of grounded air carrier Jet Airways' assets.
A bench...
The septuagenarian, who turned teary-eyed, submitted that he misses his wife Anita very badly and said she is in the advanced stage of cancer, according to court records.
The consortium aims to re-establish the airline's operations from next year and further announcements regarding the launch date of Jet Airways will be made in the coming weeks.
Investigations are based on complaint that Goyal & others caused wrongful loss to Canara Bank. ED, probing money laundering case, arrested Goyal Friday.
FIR was lodged on Canara Bank’s complaint alleging that it sanctioned credit limits and loans to Jet Airways (India) Ltd to tune of Rs 848.86 cr of which Rs 538.62 cr is outstanding.
Contract for construction of four MILGEM-class ships was signed in 2018. PNS Bedir is to be delivered by June 2026, while PNS Tariq is due for delivery in first quarter of 2027.
If Pathaan gave both conservatives and liberals room to hide, Dhurandhar extends no such courtesy. Aditya Dhar ripped open that tent of hypocrisy and turned the knife.
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