End of runway for Jet: SC orders liquidation, nixes revival plan
Thursday, 7 November 2024 ()
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.
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.
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💡 newsR Knowledge: Other News MentionsJet aircraft Aircraft class powered by jet propulsion enginesWilson acrobatics inspire Jets to comeback winGarrett Wilson makes two spectacular touchdown catches as the New York Jets end their losing run with a comeback win over the Houston Texans.BBC Sport Jet Airways Airline based in IndiaSC sets aside NCLAT decision, orders liquidation of Jet Airways' assetsThe Supreme Court has scrapped the Jalan-Fritsch consortium's resolution plan for Jet Airways, leading to the airline's liquidation. The court overturned the..IndiaTimes SC to deliver verdict today on plea against NCLAT order transferring Jet Airways to winning bidderThe NCLAT had on March 12 upheld the resolution plan of the grounded air carrier and approved the transfer of its ownership to the JKC.DNA You Might LikeRelated news from verified sources
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