Jet Airways

SC Orders Liquidation Of Jet Airways; How Many Indian Airlines Have Collapsed in the Past 15 Years?

The Indian aviation sector has witnessed significant turbulence over the past 15 years, with several major airlines ceasing operations despite the country's growing travel demand. Another similar  liquidation of airlines took place on November 7, 2024. The Supreme Court of India on Thursday ordered the liquidation of Jet Airways, highlighting...

Impact Of Jet Airways Liquidation On Air India-Vistara Merger

The recent Supreme Court ruling to liquidate Jet Airways has profound consequences for India’s aviation landscape, particularly in the context of the ongoing merger between Air India and Vistara. The merger, which aims to consolidate Air India and Vistara into one of India’s largest airlines, could face both opportunities and...

Supreme Court Orders Liquidation Of Jet Airways, Citing ‘Extraordinary’ Circumstances

In a landmark decision on Thursday, the Supreme Court of India invoked its powers under Article 142 to overturn a tribunal's ruling and order the liquidation of Jet Airways, after the Jalan-Kalrock Consortium failed to fully pay creditors. The court emphasized the "peculiar and alarming" circumstances of the case and...

Bombay High Court Grants Interim Bail to Jet Airways Founder Naresh Goyal on Medical Grounds

The Bombay High Court has granted interim bail to Naresh Goyal, the founder of Jet Airways, in a the most recent development. Goyal was arrested by the Enforcement Directorate (ED) in connection with a money laundering case. The bail that is issued for a period of two months is based...

 Jet Airways Founder Naresh Goyal’s “Will to Live” Falters, Seeks Medical Bail Amidst Cancer Battle

Naresh Goyal, the founder of Jet Airways, finds himself embroiled in a legal battle as his health deteriorates amidst grave allegations and personal turmoil. On Friday, his legal representatives conveyed to the Bombay High Court that Goyal has lost the "will to live," highlighting the dire urgency of his medical...