Page 2 - Naresh Goyal

ED files fresh case against former Jet Airways promoter Naresh Goyal

The Enforcement Directorate has conducted eight searches so far in locations linked to Naresh Goyal after filing a fresh case where Canara Bank is the complainant

HC grants interim stay on notices to declare Naresh Goyal willful defaulter

The Bombay High Court on Thursday granted interim stay on two notices issued by IDBI Bank to Jet Airways founder Naresh Goyal and his wife Anita under provisions of the RBI's master circular to declare them as wilful defaulters. A division bench of Justices GS Patel and Neela Gokhale stayed the operation of the notices, related to a loan disbursed by the bank to the airline that was grounded in 2019, till July 24 when it would hear a petition filed by the Goyals. The 73-year-old businessman and his wife, in their plea, have challenged the notices, claiming they violated principles of natural justice. The petition stated that the bank had failed to provide the Goyals with the documents which they relied upon to pass the orders. The couple also claimed they had not been granted a hearing. "The (IDBI Bank) orders are in derogation of the intent behind the RBI master circular in that under the circular, the decision taken to classify a borrower as a wilful defaulter should be well ...

Jet Airways looks into abyss as JKC fails to renew its flying permit

Air operator's permit (AOP) is a prerequisite for any airline to commence commercial operations

Bombay HC quashes money laundering case against Jet Airways founder, wife

In a huge relief for former Jet Airways Chairman Naresh Goyal and his wife Anita Goyal, the Bombay High Court on Thursday quashed the Enforcement Directorate (ED)'s case

No coercive action against Jet Airways founder, wife till Jan 31: HC to ED

The Bombay High Court has directed the Enforcement Directorate not to take any coercive steps till January 31 against Jet Airways founder Naresh Goyal and his wife Anita Goyal in a money laundering case. A division bench of Justices Revati Mohite Dere and P K Chavan had granted interim relief to the couple last week. The detailed order was available on Tuesday. The bench is hearing the couple's pleas to quash the Enforcement Case Information Report (ECIR), somewhat similar to an FIR, against them. In 2020, the agency had filed a criminal case against the Goyals and others under the Prevention of Money Laundering Act (PMLA) after taking cognisance of a Mumbai police FIR. The Mumbai police FIR pertains to charges of alleged fraud by the Goyals and others against a city-based travel company. The Goyals, represented by senior advocates Ravi Kadam and Abad Ponda, told the court that there is no predicate offence, as required under the PMLA, to investigate the ECIR. They submitted that

India at 75: Gupta to Mallya - 6 leaders who began well but lost their way

They started something big, different and new. But somewhere down the line, they lost their way, even landed on the wrong side of the law. Here's a look at six high-fliers who fell from grace

Jet Airways to get Rs 50 cr as inter-corporate deposit for certain expenses

As efforts are on to restart services of Jet Airways, Orion IT Parks Pvt Ltd -- whose shareholders are Murari Jalan and Ankit Jalan -- will extend an Inter-Corporate Deposit (ICD) of Rs 50 crore

Path to restart Jet Airways operations tough, uncertain, says expert

He also said that the "terms" accepted by the Jet Airways creditors did not make sense to CAPA

ED opposes closure of cheating case probe against Jet Airways' Naresh Goyal

Stating that the police didn't consider crucial facts of the case, the ED has filed an intervention application before a court

Coronavirus outbreak puts brakes on corporate fraud investigations

Sources said the probe agencies are planning to move an application, seeking more time with respect to the filing of chargesheet in matters

YES Bank case: Jet Airways founder Naresh Goyal appears before ED in Mumbai

Jet Airways' loan exposure to the crisis-ridden Yes Bank is about Rs 550 crore.

YES Bank case: ED summons Subhash Chandra, Naresh Goyal for questioning

DHFL CMD Kapil Wadhawan, recently arrested by the ED in another case, has also been called for questioning

ED grills ex-Jet Airways chief Naresh Goyal, asks him to appear on Friday

This will be the third consecutive day of questioning. On Wednesday, he was summoned to ED Mumbai's office, where he was interrogated for four hours and taken to his residence later in the evening

ED files fresh money laundering case against Jet Airways, Naresh Goyal

Earlier, the financial probe agency had registered a case of Foreign Exchange Management Act violations against the airline and Goyal last year

Bankruptcies, jail and even death: The year was bad for some Indian tycoons

Some of the country's biggest and most-storied businessmen saw their fortunes fade in 2019.

Jet creditors seek 90-day extension in insolvency resolution process

Synergy Group is the only interested entity shortlisted by the Resolution Professional's team to file a plan for the defunct airlines

Jet Airways, Naresh Goyal under SFIO lens; stock hits lower circuit

The grounded Jet Airways owes over Rs 8,000 crore to its lenders. Besides, the airline is estimated to have a total liability of about Rs 25,000 crore which includes dues of operational creditors.

Jet Airways, Naresh Goyal under SFIO probe for 'siphoning off' money

The probe agency has found that the company's vast network of sales agents across the globe was not independent of Jet Airways and several of these entities were linked to its founder, Naresh Goyal

Arrest of Mirchi's aide turns the spotlight on corporate-underworld nexus

History shows that links between corporate powerhouses and terror financing are not new. Nor are they restricted to industries such as cinema or real estate

Will Mr Naresh Goyal get lucky once again?

It's anybody's guess whether investigating agencies would be able to pin Naresh Goyal down this time