Jet Airways liquidation

Gold News

End of runway for Jet: SC orders liquidation, nixes revival plan – Times of India

adminNovember 7, 202406 mins

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…

Gold News

SC sets aside NCLAT decision, orders liquidation of Jet Airways’ assets – Times of India

adminNovember 7, 202404 mins

NEW DELHI: The Supreme Court on Thursday scrapped the resolution plan for revival of bankrupt Jet Airways by Jalan-Fritsch consortium and ordered the liquidation of grounded airline Jet Airways’ assets.SC ruled that the resolution plan was violated after the consortium failed to infuse even the first tranche of funds within the stipulated timeline, as mandated…