Jet Airways creditors

Jet Airways Faces Liquidation As Supreme Court Invokes Article 142: What It Means For Creditors

Supreme Court on Thursday ordered the liquidation of Jet Airways, invoking its extraordinary powers under Article 142 of the Constitution. This decision sets aside the National Company Law Appellate Tribunal's (NCLAT) order that allowed the airline’s ownership transfer to the Jalan-Kalrock Consortium (JKC) without full payment to creditors. The court...