India's top court has ordered the liquidation of bankrupt airline Jet Airways, ending a five-year-long legal process that began when the full-service carrier collapsed in 2019 with $1.2 billion in debt.

The Supreme Court (SC) on Thursday exercised its extraordinary constitutional powers and ordered the liquidation of grounded air carrier Jet Airways' assets. A bench of Chief Justice DY Chandrachud an

The Supreme Court on Thursday ordered liquidation of grounded Indian airline Jet Airways, after finding National Company Law Appellate Tribunal (NCLAT) judgment was in flagrant disregard of the the top court's January 2023 judgment.

The apex court order came after the resolution plan approved by the National Company Law Appellate Tribunal (NCLAT) was not implemented for over five years

The Supreme Court has ordered the liquidation of Jet Airways, overturning the NCLAT’s decision to approve the airline’s resolution plan and ownership transfer to the Jalan Kalrock Consortium (JKC). The court cited the interests of creditors,

I n a significant ruling on November 7, the Supreme Court directed the liquidation of grounded airline Jet Airways, marking the end of efforts to revive the carrier through its re

A bench of Chief Justice of India Dhananjaya Y Chandrachud and justices JB Pardiwala and Manoj Misra upheld a plea by the State Bank of India (SBI) and other creditors