Jet Airways, once India‘s second-largest carrier, is to be liquidated, the country’s Supreme Court ruled on Thursday, ending a tumultuous five-year insolvency resolution saga for the bankrupt airline.

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

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 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,

The Supreme Court has scrapped the Jalan-Fritsch consortium's resolution plan for Jet Airways, leading to the airline's liquidation. The court overturned the NCLAT's decision, citing the consortium's failure to infuse funds as a key reason.

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

Supreme Court has on November 7 set aside the National Company Law Appellate Tribunal (NCLAT) ruling that upheld the transfer of Jet Airways ownership to the Jalan-Kalrock Consortium (JKC) under an approved resolution plan.