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

Credit: IndiaTimes- Published 1 hour ago
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 the resolution plan. The court invoked its special powers to order the liquidation, citing the consortium's violations and the lack of progress in reviving the airline.

You are here


💡 newsR Knowledge: Other News Mentions

Jet aircraft

Aircraft class powered by jet propulsion engines
Garrett Wilson makes two spectacular touchdown catches as the New York Jets end their losing run with a comeback win over the Houston Texans.
Credit: BBC Sport - Published 1 week ago


Jet Airways

Airline based in India
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..
Credit: IndiaTimes - Published 16 hours ago

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 22 hours ago

You might like