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.
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.
The Delhi High Court cited India's ongoing efforts to brings back "some people sitting outside the country" to deny Jet Airways' founder Naresh Goyal's plea to travel abroad.
Jet Airways could have survived if banks had understood that Naresh Goyal would not be able to cover costs. They could've instead supplied working capital through an in-court bankruptcy process.
No nation other than China can negotiate one-on-one with Trump on an equal footing. That’s why the middle powers who so far formed the core of multilateral bodies now feel orphaned.
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