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Supreme Court Sets Aside Transfer Of Jet Airways To Jalan Kalrock Consortium, Orders Liquidation2Photo© timesofindia.indiatimes.com

Supreme Court Sets Aside Transfer Of Jet Airways To Jalan Kalrock Consortium, Orders Liquidation

Nov 7, 2024 1:18 PM, 12 news, 5 views

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.

Read on Timesofindia ›

  • Jet Airways
  • Supreme Court
  • SC
  • State Bank of India

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