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.
Related Posts
Acquitted by Guj judge in 1994, man sent to jail by SC for raping 10-yr-old
In a landmark decision, the Supreme Court overturned a trial court’s acquittal of a man for sexually assaulting a 10-year-old girl 32 years ago. The […]
Major blow for Sunrisers Hyderabad! Star pacer hospitalised
Sunrisers Hyderabad suffer a setback as pacer Harshal Patel is hospitalized and misses the IPL 2025 match against Gujarat Titans. Jaydev Unadkat replaces him, while […]
‘He abused me’: TMC MP Kalyan Banerjee defends smashing bottle at Waqf JPC meet
Following a confrontation during a Joint Parliamentary Committee meeting on the Waqf Bill, TMC MP Kalyan Banerjee defended his actions against BJP’s Abhijit Gangopadhyay. Banerjee […]