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Deposit Rs 18,000 crore and you're free to go abroad: HC to Naresh Goyal

The court has sought reply from Centre on his plea challenging a look out circular issued against him

Naresh Goyal
Naresh Goyal

The Delhi High Court on Tuesday refused to allow Jet Airways’ founding Chairman Naresh Goyal to travel abroad for now. A single-judge Bench of Justice Suresh Kumar Kait observed that if Goyal was ready to give a bank guarantee worth Rs 18,000 crore, he would be free to go abroad. The observation by the court came on submission of the Ministry of Corporate Affairs’ (MCA’s) lawyers, who told the court that the Serious Fraud Investigation Office (SFIO) was probing a case of misappropriation of nearly Rs 18,000 crore by Jet Airways and Goyal. The high court, while ...