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.
In separate letters, Jet Airways employees requested help in getting the outstanding salaries cleared and urged that the process of funding the airline be expedited.
Delhi must see opportunity in the new envoy, to be prepared for hurdles, yet be forward-looking and free of preconceived notions that could spoil any chances of a breakthrough.
New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.
The Navy has always been on board with the theaterisation plan, but the Air Force feels splitting up air assets into several theatre commands is futile & will tie up critical systems.
Putin sees this as a victory. Europeans have decided to deal with Trump on his terms for the sake of the larger Western alliance. We look at the lessons for us in India.
Kuchh milega nahin. That is the tragedy of the IBC. 2. Given the public mood that has developed around this issue – partly due to tycoons who have fled – each stakeholder, not just senior bankers but also political personages will say, Follow the procedures, don’t get caught on the wrong side of a vigilance enquiry, never mind the haircut so long as our hands are clean. All the more if the loans originated during UPA rule, which many did. 2. If there is a genuine desire to maximise recovery from the twelve trillion pile of NPAs – which is growing – an empowered group of bankers and mandarins should be tasked to have exploratory meetings with defaulting groups and see if a living fruit bearing tree can be saved from being chopped and sold for firewood.
Kuchh milega nahin. That is the tragedy of the IBC. 2. Given the public mood that has developed around this issue – partly due to tycoons who have fled – each stakeholder, not just senior bankers but also political personages will say, Follow the procedures, don’t get caught on the wrong side of a vigilance enquiry, never mind the haircut so long as our hands are clean. All the more if the loans originated during UPA rule, which many did. 2. If there is a genuine desire to maximise recovery from the twelve trillion pile of NPAs – which is growing – an empowered group of bankers and mandarins should be tasked to have exploratory meetings with defaulting groups and see if a living fruit bearing tree can be saved from being chopped and sold for firewood.