Apart from deficiencies in India’s bankruptcy laws in dealing with airline insolvencies, the country’s partial alignment with a two-decade-old international treaty is also to blame.
7 min read12 Nov 2024The failed insolvency resolution of one of India’s oldest airlines shows the current rules under the Insolvency and Bankruptcy Code are far from ideal when dealing with airlines.
5 min read12 Nov 2024Mumbai High Court granted Indian airline company Jet Airways founder Naresh Goyal bail on medical grounds, reported the news agency PTI on Monday.
1 min read11 Nov 2024The Supreme Court ordered Jet Airways into liquidation after finding that the winning bidder for the airline, the Jalan-Kalrock consortium, failed to implement its bankruptcy resolution plan—concluding a tumultuous journey for what was once India’s leading airline.
8 min read7 Nov 2024JKC claimed lenders led by State Bank of India are intentionally pushing the company towards liquidation to maximise profits by selling the airline's assets as scrap.
4 min read1 Oct 2024The Supreme Court’s decision could determine whether Jet Airways gets revived or heads for liquidation.
3 min read1 Oct 2024The lenders told the Supreme Court that the Jalan-Kalrock Consortium hadn’t paid a ₹350 crore deposit that’s critical for transferring the ownership of the bankrupt airline
3 min read26 Sep 2024From delays to inflight issues, passenger complaints about the quality of the cabin and broken in-flight entertainment (IFE), among other issues, have been mounting. But the IFE part is set to change soon.
3 min read19 Aug 2024Money laundering case: HC grants interim medical bail to Jet Airways founder Naresh Goyal
1 min read6 May 2024The court upheld the NCLAT’s decision that allowed the sale, saying it would benefit JKC by providing additional funds to clear lenders' dues and revive the airline.
1 min read7 Mar 2024The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
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