India  

SC sets aside NCLAT decision, orders liquidation of Jet Airways' assets

IndiaTimes Thursday, 7 November 2024 ()
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 action for creditors and stakeholders.
0
shares
ShareTweetSavePostSend
 

💡 newsR Knowledge: Other News Mentions

Supreme Court of India Supreme Court of India Highest court of jurisdiction in India

Air pollution: SC orders closure of classes 10, 12 in Delhi-NCR, Grap 4 restrictions imposed

The Supreme Court of India has ordered the closure of 10th and 12th-grade classes across the Delhi-National Capital Region (NCR) due to the worsening air quality
DNA

'Constitutional obligation of governments to provide citizens pollution free environment': SC orders GRAP 4 curbs to be in force across NCR even if AQI drops below 400

The Supreme Court has directed all NCR states to strictly implement GRAP Stage 4 pollution control measures, regardless of AQI fluctuations. The court mandated..
IndiaTimes

No relaxation of GRAP-4 without court's nod: Supreme Court slams Delhi government over anti-pollution curbs delay

The Supreme Court has rebuked the Delhi government for delaying the implementation of stricter pollution control measures, ordering that GRAP Stage 4 remain in..
IndiaTimes

SC lays down path, timeline that bulldozers must follow

The Supreme Court of India has laid down a strict procedure for authorities to follow before demolishing illegal structures. A 15-day notice period, a personal..
IndiaTimes

You Might Like