Exercising its extraordinary powers under Article 142 of the Indian Constitution, the Supreme Court on Thursday ordered the liquidation of the grounded air carrier Jet Airways after finding out that the resolution plan was not implemented.
The Supreme Court on Thursday set aside the National Company Law Appellate Tribunal (NCLAT) order which has allowed cash-strapped Jet Airways ownership transfer to Jalan-Kalrock Consortium (JKC). The apex court order came after the resolution plan approved by NCLAT was not implemented for ov
The Bombay High Court on Monday granted interim bail to Jet Airways founder Naresh Goyal, who was arrested by the Enforcement Directorate (ED) in a money laundering case, for two months on medical grounds.
Nidhi Chaphekar, a former air hostess with Jet Airways, gained international attention when a haunting photograph of her, bloodied and dazed, emerged from the aftermath of the Brussels airport bombing in March 2016. Despite sustaining severe injuries, including burns and shrapnel wounds, Cha
Nidhi Chaphekar, a former air hostess with Jet Airways and survivor of the 2016 Brussels bombings, said that no one even thought that such an attack could happen in the world, stressing that it was "horrible."
Enforcement Directorate (ED) has provisionally attached properties worth a staggering Rs 538.05 Crore of Jet Airways (India) Limited (JIL) under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA), ED said in an official statement on Wednesday.
After the conclusion of his Enforcement Directorate (ED) custody, Jet Airways founder Naresh Goyal faced further legal proceedings as he was presented before a Special Prevention of Money Laundering Act (PMLA) Court today.
"ED has arrested Naresh Goyal, ex-Chairman of Jet Airways (I) Ltd. on 1.09.2023 under the provisions of PMLA, 2002 in Rs 538 Crore Canara bank fraud case. He was produced before the Hon’ble PMLA Special Court, Mumbai, and the Hon’ble Court has granted ED custody for 10 days,"
Goyal was taken into custody under the Prevention of Money Laundering Act (PMLA) following a long session of questioning at the central agency's office in Mumbai.