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Jet permitted withdrawal from escrow account

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  • Published On: September 22, 2006
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The Jet-Sahara tussle has led to enough turbulence in the skies off late. And in a surprise move on Friday, the Bombay High Court said that Jet Airways can now release its Rs 1,500 crore lying in an escrow account, which was frozen after the deal to acquire Air Sahara fell through.
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