End of runway for Jet: SC orders liquidation, nixes revival plan – Times of India
NEW DELHI: Hopes of Jet Airways getting fresh wings crashed on Thursday as the Supreme Court ordered its liquidation, with the successful bidder – Jalan Kalrock Consortium – failing to deposit even the first tranche of Rs 350 crore of the Rs 4,783 crore resolution plan for years, thereby burdening SBI-led lenders with huge financial…
