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Jet Airways (India) Ltd News

Money laundering case: Jet Airways founder Naresh Goyal gets medical bail

The Bombay High Court on Monday granted medical bail to Jet Airways founder Naresh Goyal, who is an accused in a money laundering case. In May this year, a single bench of Justice N J Jamadar granted interim bail to Goyal on medical grounds. Justice Jamadar on Monday made the interim order permanent. Goyal (75) is suffering from cancer and had sought bail to undergo treatment. The Enforcement Directorate (ED) had opposed his plea and said he could be admitted to a hospital of his choice and take treatment while in custody. In May, the HC granted interim bail to Goyal for a period of two months which was later extended by four weeks and then again for two months. The ED arrested Goyal in September 2023 on allegations that he had laundered money and siphoned off loans to the tune of Rs 538.62 crore given to Jet Airways by the Canara Bank. His wife Anita Goyal was arrested in November 2023 when the ED submitted its chargesheet in the case. A special court granted her bail the same

Money laundering case: Jet Airways founder Naresh Goyal gets medical bail
Updated On : 11 Nov 2024 | 4:52 PM IST

'No choice': Supreme Court orders liquidation of grounded Jet Airways

Says Jalan-Kalrock Consortium, successful bidder for the airline, failed to implement the resolution plan five years since its approval

'No choice': Supreme Court orders liquidation of grounded Jet Airways
Updated On : 07 Nov 2024 | 1:57 PM IST

SC orders liquidation of Jet Airways, rejects NCLAT's approval of takeover

The Supreme Court has directed the liquidation of Jet Airways, citing the failure of the Jalan-Kalrock Consortium to meet revival conditions, overturning the NCLAT's approval

SC orders liquidation of Jet Airways, rejects NCLAT's approval of takeover
Updated On : 07 Nov 2024 | 1:09 PM IST