ED officials said the searches are being carried out at dozen premises in Mumbai and Delhi under FEMA provisions. Goyal is being investigated for financial irregularities.
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.
Amit Agarwal is the latest in a line of several top executives & board members who have quit the debt-laden Jet Airways, which stopped operations on April 17.
Preventive Detention has stayed its course because India didn’t invest much in the investigative competence of the police, or legal acumen of the prosecutors.
With a growing indigenous base of drone manufacturers and exporters, and incentives from government, industry sentiment is bullish. However, some concerns remain.
That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.