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