Jet Airways: Meet The Airlines New Owners
Jun 22 2021, 5:00 PM
June 22 2021, 4:59 PM
June 22 2021, 5:00 PM
After a resolution process lasting nearly 24 months, insolvent Jet Airways (India) Ltd. has found a buyer.On Tuesday, a consortium of U.K.-based Kalrock Capital Partners and Murari Lal Jalan was approved as successful resolution applicant for the beleaguered airline, by the National Company Law Tribunal. In its order the tribunal asked the government to decide on giving slots to Jet Airways in a way which does not make the resolution.
After a resolution process lasting nearly 24 months, insolvent Jet Airways (India) Ltd. has found a buyer.
Indian markets may continue to consolidate; Jet Airways, PSU banks in focus
Asian share markets inched up on Monday as expectations of a faster economic growth and inflation across the world, battered bonds and boosted commodities. (File Photo: AP)
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MUMBAI: Indian equities will likely continue to witness consolidation on Monday, with trends on SGX Nifty suggesting a flat opening of domestic benchmark indices.
On Friday, the 50-share index Nifty closed at 14,981.75, down 137.20 points or 0.91%. The BSE Sensex ended at 50,889.76, down 434.93 points or 0.85%.
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MUMBAI: Bombay high court on Monday rejected a plea made by Enforcement Directorate (ED) to challenge an order of the sessions court that was in favour of Jet Airways.
Sessions Judge had in October rejected the ED’s application to intervene in closure of a case of alleged cheating and criminal breach of trust registered against Jet Airways.
Additional solicitor general Anil Singh and counsel Shriram Shirsat for ED had in October sought urgent hearing before Justice Revati Mohite Dere as it was a case of closure filed before the magistrate’s court in the case against Jet Airways (India) Ltd and Naresh Goyal.