The Supreme Court on Thursday dashed all hopes of a revival of Jet Airways as it ordered liquidation of the firm, which had been undergoing the insolvency resolution process for over five years.
A bench of Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra set aside the National Company Law Appellate Tribunal (NCLAT) ruling that upheld the transfer of the airline's ownership to Jalan Kalrock Consortium (JKC).
The bench stated that the liquidation was in the interest of creditors, workers, and other stakeholders of Jet Airways.
The court noted JKC's failure to infuse the promised funds of ₹350 crore to revive the cash-strapped airline.
この記事は The New Indian Express の November 08, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は The New Indian Express の November 08, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
The Great Bottled Hoax
People are drinking more and more bottled water in India because many consider it safer than the unhygienic public water supply available. The truth behind the health hazards and safety standards of even trusted mineral water’ brands are hidden by the hype and advertising
Soft Power: The Indian Way
The Lord’s cricket ground, with its manicured green fields and the faint echo of polite applause, is very British.
Gender Fluidity is No Trend, It is a Timeless Truth
As it is rightly said, it all starts young. So no surprise that in my late teens I set out to find a job, be financially independent, with the belief that Prince Charming would have to wait till I made it.
Hamas has Intentionally Sought and Provoked Civilian Harm in Gaza
War is complex, and in our polarising age, an adequate approximation of the truth of any conflict is hard to come by.
To Weaken China, Modi Must Strengthen Manipur
The enduring travesty of colonialism is not the blood that has been spilt of indigenous populations, but the festering wounds of identity politics the invaders left unhealed.
In Order to Get Out of Man-made Hell, Rules Need to be Respected and Enforced
ACUTE ANGLE
The Big Band Theory
Destroyer by Bodhi and the Omega Force mixes Indian classical music with progressive rock
When the Postman Comes Calling
Tucked away in the Nilgiris in Kerala, Chindakki can almost be written off the face of the earth.
Statuesque in Maximum City
Art Mumbai's Sculpture Walk tries to get visitors talking about the city, its nature, its life, its people and its vibe
India's Scamdemic
Blackmail, threats of arrest and fake authority are being used to create an atmosphere of fear by local and global criminal networks using phones and computers to cheat unsuspecting Indians of their life savings amounting to crores
