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JET RESOLUTION PLAN
NCLAT upholds full PF, gratuity payments for Jet Airways employeesIn a landmark decision, the NCLAT has ruled that former Jet Airways employees are entitled to their full provident fund and gratuity dues, ...- Pakistani air strikes kill 36 civilians and injure 163 in Afghanistan, says Afghan GovtThe Taliban-cross-border air strikes killed 36 Afghan civilians and injured 163 others across Paktia, Paktika, and Kunar provinces. While I...
- Taiwan says China deployed more than 100 vessels in regional watersChina has deployed over 100 naval and coast guard vessels across regional waters. This comes as Taiwan's security officials express concern...
- US pins hopes on mediator Pakistan in push to end Iran warUS Secretary of State Marco Rubio voiced hope of progress on ending the war with Iran, as he looked to Pakistani mediators to help advance ...
- Dialogue does not mean "surrender", says Iranian President Masoud Pezeshkian as Tehran defends national interestsIranian President Masoud Pezeshkian asserted that dialogue does not mean "surrender," as Tehran submitted its response to a US peace propos...
- Emirates' cash reserves, fuel hedging help airline ride out Iran war turmoilEmirates airline achieved a record $5.4 billion net profit, bolstered by strong cash reserves and effective fuel hedging. Despite disruptio...
- US Stock Market: Traders grapple with tail risk as stocks regain highsUS equities are nearing previous highs despite ongoing concerns about higher energy prices stemming from the Iran conflict. While tech earn...
- Mars' ‘perfect square’ that went viral—here's the actual truth behind the mysterious imageA seemingly perfect square shape on Mars, captured by NASA's Mars Global Surveyor in 2001, went viral online, sparking theories of artifici...
- India plans special NCLT bench for cross-border insolvency cases to speed up resolutionsIndia plans to set up a special NCLT bench with trained members to handle cross-border insolvency cases once new rules under the Insolvency...
- NCLAT reserves order in Jet Airways ownership transfer caseWhile JKC had transferred Rs 200 crore to the lenders account by September 30, 2023, it had won a favourable order from NCLAT for adjustmen...
- SBI board wanted letter of support from govt before approving Jet Airways resolution plan: Rajnish KumarMost of the banks were extremely reluctant to support a resolution plan for Jet Airways, he wrote, while recalling the developments with re...
- NCLT rejects Jet employee unions’ plea to share details of the resolution planThe petitions argued that the employees of the corporate debtor (Jet Airways) are its assets and are interested in its successful resolutio...
- If all goes well for Kalrock-Jalan consortium, Jet Airways could resume operations by summer next yearThe resolution proceedings went on for more than a year before Jet found a new investor in the Jalan-Kalrock consortium. Jet stopped operat...
- Plan cleared, but Jet Airways’ revival still a long way off: ExpertsThe path to Jet’s revival remains long and arduous and will require a fresh business plan with low costs, capital infusion and efficient ma...
- NCLT allows 90 more days to find out the revival plan for Jet AirwaysThe dedicated bankruptcy court has allowed the plea filed by the resolution professional (RP) of Jet Airways seeking an extension of 90 day...
- Jet Airways Resolution Professional seeks 90 days extension for bids from NCLTThe committee of creditors (CoC) had on February 18 set the new deadline of March 10 for submission of bids for the grounded airline after ...
- Have agreed to every condition laid down by Jet Airways' lenders: Naresh GoyalThe crisis-hit carrier is set to undergo a debt resolution whereby lenders will take control and also infuse funds worth Rs 1,500 crore.
- No sacrifice too big to safeguard interest of Jet Airways: Naresh Goyal on stepping downGoyal is also the founder of the full-service airline, which has been operating for more than 25 years.
- ‘Jet Air rejig plan may be finalised within a week’Jet Airways owes lenders led by SBI more than Rs 8,000 crore.
- Willing to make 'any sacrifice' for staff, Jet Airways: Naresh GoyalHis son beleaguered will represent what remains of his stake after an equity infusion and shareholding rejig.
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