India  

SC sets aside NCLAT decision, orders liquidation of Jet Airways' assets

IndiaTimes Thursday, 7 November 2024
The Supreme Court has scrapped the Jalan-Fritsch consortium's resolution plan for Jet Airways, leading to the airline's liquidation. The court overturned the NCLAT's decision, citing the consortium's failure to infuse funds as a key reason. The court criticized the NCLAT's ruling and deemed liquidation as the best course of action for creditors and stakeholders.
0
shares
ShareTweetSavePostSend
 

You Might Like


💡 newsR Knowledge: Other News Mentions

National Company Law Appellate Tribunal National Company Law Appellate Tribunal Indian tribunal


Supreme Court of India Supreme Court of India Highest court of jurisdiction in India

India's Got Latent row: Supreme Court directs Samay Raina, Ranveer Allahbadia to apologise; asks Centre to frame guidelines

The Supreme Court has instructed five social media influencers, including Samay Raina, to publicly apologize for mocking individuals with disabilities. This..
IndiaTimes

'Track stray dogs behaviour with GPS collars, QR codes': Shimla launches massive drive; move comes day after SC’s major order

The Shimla Municipal Corporation has launched a comprehensive stray dog monitoring program using GPS collars and QR codes, aiming to enhance public safety and..
IndiaTimes

'Too harsh': Supreme Court modifies order on Delhi stray dogs - top quotes

The Supreme Court has revised its order regarding stray dogs in Delhi-NCR, permitting the release of sterilised, immunised, and dewormed dogs back to their..
IndiaTimes

Related news from verified sources

US supreme court justice Sonia Sotomayor has no plans to resign despite calls for succession

Supreme Court Justice Sonia Sotomayor has dismissed suggestions that she should resign from her position, despite calls from some progressive voices for her to...
IndiaTimes

Sambhal row: Trial court not to proceed in case till Allahabad high court hears plea, says Supreme Court

Supreme Court directs Sambhal administration to maintain peace amid communal tensions and orders the trial court not to proceed with the survey of Shahi Jama...
IndiaTimes

Collegium recommends elevation of Delhi HC CJ Manmohan as judge to SC

The Supreme Court Collegium has recommended the elevation of Delhi High Court Chief Justice Manmohan as a judge of the apex court, citing the current...
IndiaTimes