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.
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 lodged on complaint by Canara Bank chief general manager names founder Naresh Goyal, his wife Anita, Gaurang Ananda Shetty, Jet Airways, and refers to unknown public servants.
Once India’s top private airline, Jet Airways is returning to the skies. The company is trying to acquire A320neo jets and A220 planes from Airbus SE, Boeing Co. and Embraer SA.
With DGCA officials on board, Jet Airways successfully operated five proving flights on 15 & 17 May. The airline intends to restart commercial flight operations in the July-September quarter.
India’s fast-growing data centre sector may strain state electricity networks; Central Electricity Authority has urged Maharashtra, Andhra Pradesh, Telangana and Tamil Nadu to boost capacity.
Chief of Integrated Defence Staff Ashutosh Dixit also spoke about theaterisation of Indian armed forces and said that over 90% agreement has been reached on the same.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
COMMENTS