Tag: Jet Airways

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

November 7, 2024 admin

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

November 7, 2024 admin

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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Jet Airways founder Naresh Goyal gets four weeks extension on temporary bail

July 5, 2024 admin

File picture of Jet Airways founder Naresh Goyal | Photo Credit: PTI The Bombay High Court on Friday has given extension by four weeks to Jet Airways founder Naresh Goyal in a temporary bail that was granted to him in May. Mr. Goyal was arrested by the Enforcement Directorate on September 1, 2023 in a…

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Jet Airways Says Resolution Plan At Implementation Stage, Q4 Result Delayed

May 30, 2024 admin

Jet Airways said “We wish to state that currently the resolution plan is at the implementation stage” New Delhi: Jet Airways today said there will be a delay in declaring the financial results for the quarter and year ended March 2024, and its monitoring committee expected to meet shortly to consider the results. “We wish…

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Resolution plan at implementation stage; FY24 results delayed: Jet Airways

May 30, 2024 admin

Image for representation. File | Photo Credit: K. Pichumani Jet Airways on May 30 said there will be a delay in declaring the financial results for the quarter and year ended March 2024, and its monitoring committee expected to meet shortly to consider the results. “We wish to state that currently the approved resolution plan…

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Bombay HC to decide on Goyal’s bail plea on May 6

May 4, 2024 admin

File picture of Bombay High Court | Photo Credit: VIVEK BENDRE The Enforcement Directorate (ED) on Friday opposed interim medical bail sought by Jet Airways founder Naresh Goyal in a money laundering case. ED officials told the Bombay High Court that there is no medical report to show that 75-year-old Mr. Goyal is fit to…

Business

Jet Airways’ Properties Worth Rs 538 Crore Seized In Money Laundering Case

November 1, 2023 admin

The Enforcement Directorate has attached assets linked to Jet Airways case New Delhi: Properties worth over Rs 500 crore have been seized by the Enforcement Directorate in an alleged money laundering case linked to Jet Airways (India) Ltd. The properties include 17 residential flats, bungalows, and commercial buildings registered under the names of companies and…

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Court Orders Probe Agency To Reply To Naresh Goyal’s Plea Challenging Arrest

September 20, 2023 admin

Mumbai: The Bombay High Court on Wednesday directed the Enforcement Directorate (ED) to file its affidavit in response to Jet Airways founder Naresh Goyal’s plea challenging his “illegal” arrest in a money laundering case linked to bank loan default. Goyal, in his plea, claimed his arrest was illegal as it was done without following provisions…

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Jet Airlines’ Successful Bidder Will get Extension To Pay off Rs 350 Crore To Lenders

August 28, 2023 admin

Jet Airlines banned flight in April, 2019 (Representational) Pristine Delhi: The Nationwide Corporate Legislation Appellate Tribunal (NCLAT) on Monday prolonged the month until September 30 for the Jalan-Kalrock Consortium to pay Rs 350 crore to the lenders of the now-bankrupt Jet Airlines. A 3-member NCLAT bench authorised the consortium’s request to increase the timeline and…

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