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Top 10 biz headlines: Jet's ultimatum, kickbacks to Kochhars, and more

From Jet Airways' ultimatum to Whistleblower alleging kickbacks to Kochhar brothers, Business Standard brings you top 10 stories that made news on Tuesday

Jet airways
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Settle Down: By not dragging Jet to the NCLT process, bankers are robbing the company of an opportunity to overhaul its operations drastically and in a time-bound fashion to enhance value

BS Web Team New Delhi
Crisis-hit Jet Airways' ultimatum: Infuse Rs 400 crore to stop grounding

Jet Airways founder Naresh Goyal, who was forced to step down as chairman recently, has pulled out of the race to regain control of the airline. His consortium partner Future Trends Capital has also withdrawn from the process, it is learnt. Goyal was among the five entities to have submitted an expression of interest (EoI) to buy up to a 75 per cent stake in Jet as part of a lenders-led resolution plan to rescue the airline from going under. Read more here

Whistleblower alleges kickbacks to