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SC sets aside NCLAT decision, orders liquidation of Jet Airways' assets
Credit: IndiaTimes- Published 16 hours ago
The Supreme Court has scrapped the Jalan-Fritsch consortium's resolution plan for Jet Airways, leading to the airline's liquidation. The court overturned the NCLAT's decision, citing the consortium's failure to infuse funds as a key reason. The court criticized the NCLAT's ruling and deemed liquidation as the best course of...
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National Company Law Appellate Tribunal
Indian tribunal
The NCLAT had on March 12 upheld the resolution plan of the grounded air carrier and approved the transfer of its ownership to the JKC.
Credit: DNA - Published 23 hours ago
Supreme Court of India
Highest court of jurisdiction in India
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Credit: DNA - Published 4 days ago
Jet Airways
Airline based in India
The Supreme Court has ordered the liquidation of Jet Airways after the Jalan Kalrock Consortium, the winning bidder, failed to deposit the first installment of..
Credit: IndiaTimes - Published 2 hours ago