Tag: jet airways liquidation

1.48 Lakh Jet Airways Retail Shareholders’ Fate Uncertain After Liquidation Order

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Retail shareholders held around 20 per cent stake in Jet Airways. New Delhi: The fate of around 1.48 lakh retail shareholders who hold around 20 per cent stake in the beleaguered Jet Airways remains uncertain after the Supreme Court ordered the liquidation of Naresh Goyal-led grounded airline. At the current market capitalisation of Jet Airways…

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No More Jet Airways. Supreme Court Says “No Choice”, Orders Liquidation

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Jet Airways was grounded in April 2019 (File). New Delhi: Jet Airways’ assets will be liquidated, the Supreme Court said Thursday afternoon, invoking ‘extraordinary’ powers under Article 142 to set aside a tribunal’s decision to uphold a resolution plan and transfer ownership – to the Jalan-Kalrock Consortium – without full payment to creditors. Article 142…

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