Jet Airways Insolvency
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Jet Airways Winning Bidder Withdraws Plea To Put Rs 200 Crore In Escrow
The Jalan Kalrock Consortium (JKC), the successful bidder of the grounded Jet Airways, on Tuesday withdrew its plea before the NCLAT to move Rs 200 crore, which it paid to lenders, to an escrow account.
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Jet Airways Employees To Face Salary Cuts, Leave Without Pay: Report
The insolvency resolution process of Jet Airways started in June 2019 after its then-promoters failed to provide liquidity.
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Tribunal Directs Jet Airways To Clear Unpaid Dues Of Employees
Insolvency appellate tribunal NCLAT on Friday directed Jet Airways' new owner - Jalan-Kalrock consortium - to pay the unpaid provident fund and gratuity dues of employees of the carrier, which is going to restart its operation.
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Jet Airways First Indian Company To Face Cross-Border Insolvency: Report
Jet Airways, on April 17, announced the temporary suspension of all flight services as it failed to secure interim funding to maintain even the bare minimum operations.
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Allocation Of Jet Airways' Slots, Flying Rights To Others Extended
Jet Airways is undergoing insolvency proceedings and at least three entities have put in initial bids for the carrier.
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Jet Airways Employees Protest In Delhi, Demand Salaries
Jet Airways employees held a protest at Jantar Mantar today, demanding the company to release a part of their salaries till completion of the insolvency resolution process.
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Fund-Raising An Internal Matter Of Jet Airways, Government Has No Role: Aviation Minister
The minister said that the State Bank of India has filed an application under the Insolvency and Bankruptcy Code, which has been admitted by NCLT
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Buyers Await Aviation Regulator's Scrutiny Of Jet Airways' Flying License: Report
Recently, London-based AdiGroup partnered with Jet Airways Employee Consortium partnered to bid for 75 per cent stake of Jet under the insolvency resolution process
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Opinion: Jet's Banks Finally Accept The Airline Is Dead
With the insolvency tribunal taking Jet Airways India Ltd. under its wing on Thursday, there may be one more abortive attempt to sell it whole
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Bankruptcy Court Admits Insolvency Plea Against Jet Airways
The insolvency process will allow lenders to sell the company as a whole or in parts, laying out a fixed timeline for a resolution around its future
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Jet Airways Shares Nosedive 41%, Over Rs 300-Crore Investor Wealth Wiped Off
Jet Airways share price today: According to news agency Reuters, insolvency proceedings against Jet Airways are likely to begin this week.
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Lenders To Begin Insolvency Proceedings Against Jet Airways
National Company Law Tribunal (NCLT) could hear insolvency petitions filed by the airline's operational creditors for recovery of dues on June 20.
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Two Operational Creditors Take Jet Airways To Company Law Tribunal
The development comes at a time when banks are looking to resolve the once premier airline's debt issues outside the insolvency process
-
Jet Airways Winning Bidder Withdraws Plea To Put Rs 200 Crore In Escrow
The Jalan Kalrock Consortium (JKC), the successful bidder of the grounded Jet Airways, on Tuesday withdrew its plea before the NCLAT to move Rs 200 crore, which it paid to lenders, to an escrow account.
-
Jet Airways Employees To Face Salary Cuts, Leave Without Pay: Report
The insolvency resolution process of Jet Airways started in June 2019 after its then-promoters failed to provide liquidity.
-
Tribunal Directs Jet Airways To Clear Unpaid Dues Of Employees
Insolvency appellate tribunal NCLAT on Friday directed Jet Airways' new owner - Jalan-Kalrock consortium - to pay the unpaid provident fund and gratuity dues of employees of the carrier, which is going to restart its operation.
-
Jet Airways First Indian Company To Face Cross-Border Insolvency: Report
Jet Airways, on April 17, announced the temporary suspension of all flight services as it failed to secure interim funding to maintain even the bare minimum operations.
-
Allocation Of Jet Airways' Slots, Flying Rights To Others Extended
Jet Airways is undergoing insolvency proceedings and at least three entities have put in initial bids for the carrier.
-
Jet Airways Employees Protest In Delhi, Demand Salaries
Jet Airways employees held a protest at Jantar Mantar today, demanding the company to release a part of their salaries till completion of the insolvency resolution process.
-
Fund-Raising An Internal Matter Of Jet Airways, Government Has No Role: Aviation Minister
The minister said that the State Bank of India has filed an application under the Insolvency and Bankruptcy Code, which has been admitted by NCLT
-
Buyers Await Aviation Regulator's Scrutiny Of Jet Airways' Flying License: Report
Recently, London-based AdiGroup partnered with Jet Airways Employee Consortium partnered to bid for 75 per cent stake of Jet under the insolvency resolution process
-
Opinion: Jet's Banks Finally Accept The Airline Is Dead
With the insolvency tribunal taking Jet Airways India Ltd. under its wing on Thursday, there may be one more abortive attempt to sell it whole
-
Bankruptcy Court Admits Insolvency Plea Against Jet Airways
The insolvency process will allow lenders to sell the company as a whole or in parts, laying out a fixed timeline for a resolution around its future
-
Jet Airways Shares Nosedive 41%, Over Rs 300-Crore Investor Wealth Wiped Off
Jet Airways share price today: According to news agency Reuters, insolvency proceedings against Jet Airways are likely to begin this week.
-
Lenders To Begin Insolvency Proceedings Against Jet Airways
National Company Law Tribunal (NCLT) could hear insolvency petitions filed by the airline's operational creditors for recovery of dues on June 20.
-
Two Operational Creditors Take Jet Airways To Company Law Tribunal
The development comes at a time when banks are looking to resolve the once premier airline's debt issues outside the insolvency process
