India  
 
NewsR.in

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
 

💡 newsR Knowledge: Other News Mentions

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

India's Got Latent row: Supreme Court directs return of Ranveer Allahbadia's passport

 The Supreme Court has permitted podcaster Ranveer Allahbadia, also known as BeerBiceps, to reclaim his passport for international work travel. This decision..
IndiaTimes

Centre tells SC waqf law 'secular', says petitioners 'spinning a false narrative'

 The Centre defended the Waqf (Amendment) Act, 2025 in the Supreme Court, asserting its secular nature and dismissing claims of religious interference. The..
IndiaTimes

You Might Like