A reversal in the pecking order between the two giants had been expected as a crisis over Boeing’s grounded 737 MAX drags into 2020.
The Committee of Creditors (CoC) would seek fresh Expression of Interest (EoI), says the filing. Earlier this month, the National Company...Read More
By FPJ Bureau
The Committee of Creditors (CoC) sought extension of corporate insolvency resolution process (CIRP) of Jet Airways from the Mumbai bench ...Read More
"We direct the committee of creditors to take a decision to float expression of interest (EoIs). We direct them to expedite the process
Earlier, the Hinduja group had considered investing in Jet Airways but later decided against it.
Earlier on September 6, Goyal was subjected to a marathon grilling at the agency's Ballard Pier office.
The former shareholder, Hasmukh Gardi, who initially owned substantial amount of shares in the airlines, now lives in Dubai while his pre...Read More
The airline owes nearly Rs 300 billion ($4.20 billion) to its financial and operational creditors.
By Staff Reporter
In this connection, the investigating agency on Friday carried out searches across 12 locations in Mumbai and Delhi, belonging to Goyal a...Read More
By FPJ Web Desk
Company hopes that some financial aid would be initiated by the Indian government
Gulf carrier Etihad, which holds 24 per cent stake in Jet Airways, on Monday said it has decided not to reinvest in the airline due to un...Read More
An employees' consortium has demanded that the Committee of Creditors (CoC) should look at providing one month's salary as an interim fin...Read More
State Bank of India, the lead lender to the bankrupt Jet Airways, Wednesday moved an intervention application against mortgage lender HDF...Read More
On July 4, the mortgage lender HDFC had moved the NCLT seeking to keep the airline's BKC property out of the bankruptcy process.
Of the total, claims worth nearly Rs 85 bn or 34%, entirely belonging to the financial creditors such as banks and financial institutes.
The airline's meager assets include 14 aircraft including 10 Boeing planes--down from 124 before the grounding--and 49 percent stake in J...Read More
Dutch insolvency court administrator has agreed before the NCLAT not to sell the confiscated assets of debt-ridden Jet Airways
Justice Suresh Kait said no interim relief can be granted at this stage and added that he may deposit Rs 18,000 crore guarantee if he wan...Read More
There is a Look Out Circular (LOC) issued against Goyal after an inspection by the Corporate Affairs Ministry found large-scale irregular...Read More
The property in question is located at Bandra Kurla Complex in Mumbai and is spread across 52,700 sq ft