The tribunal had declared a moratorium on recovery of dues from Jet when the insolvency petition against Jet was admitted
Naresh Goyal approaches Delhi High Court to quash an order by authorities that stops him from travelling abroad.
We need some real solutions on the ground
The Tata Group has two joint ventures in the aviation space. One is with budget airline AirAsia and the other is its stake in full-service carrier Vistara, a joint venture with Singapore Airlines.
Even in ruin, Jet retained its one essential brand quality: Dignity
The airline owes Rs 8,500 crore to banks and around Rs 25,000 crore in arrears to vendors, lessors and employees
The cash-strapped airline might wait for the bidding process to be completed before initiating any refunds
Gyrations in its share prices last week show that the airline had erased investor wealth with the passive support of the banks
The airline owes over Rs 8,500 crore to a consortium of 26 banks led by State Bank
Jet Airways owes more than Rs 8,000 crore to banks, and thousands of crores more in arrears to vendors, lessors and employees
As the bungling of Jet Airways shows, no insolvency law will do any good to a financial system that has too much respect for capitalists and too little for capitalism
SBI chairman Rajnish Kumar had Thursday defended the lenders' decision to take Jet Airways for bankruptcy saying "it was their last effort to find a resolution" for the grounded airline
Jet's assets lay rusting as banks dithered on going to NCLT
The counsel representing SBI had sought an urgent hearing of the case considering the importance of the matter
Potential buyers want lenders to take up to 95 per cent haircut
Jet Airways is sitting on a debt pile of Rs 8,500 crore
State Bank of India and other lenders will refer the airline to NCLT later this week
Under the new guidelines, there is no strict fiat from the RBI to go to the NCLT
There are restrictions in trading of shares that are under Trade for Trade Segment
Jet Airways grounding is something which is very sad and it should be a wake up for all of us in the aviation sector and the policymakers, the Spicejet chief said