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September 27, 2019 4:00 am
The order assumes significance as the Insolvency and Bankruptcy Code 2016 does not deal with cross-border insolvency, which means when insolvency proceedings are moved against the same company in two different countries.
September 26, 2019 4:43 am
Passing an oral order, a two-member Mumbai Bench of the tribunal noted that the resolution professional (RP) is facing “ tremendous hardship” due to unavailability of funds.
September 21, 2019 8:16 am
A slot implies a specific date and time when a flight can depart or arrive at a specified airport.
September 06, 2019 4:16 pm
The agency has also questioned a few top officials of Jet Airways in connection with its FEMA case.
September 05, 2019 4:04 am
The appellate court has asked the RP to submit within two weeks a draft agreement between him and the administrator on claims from Jet Airways.
August 27, 2019 3:05 am
Sources said that the additional time by the committee of creditors has been given for South America’s Synergy Group, owner of Avianca Airlines.
August 24, 2019 1:48 am
The agency on Friday searched Goyal’s residence and 11 other locations in Mumbai and Delhi. The agency also searched Hasmukh Deepchand Gardi, a partner of Goyal’s Isle of Man-firm Tail Winds Corporation.
August 24, 2019 1:39 am
Justice Chawla did not express anything on merits of the case and allowed Goyal to withdraw his plea.
August 22, 2019 6:51 am
The Dutch court had seized one of Jet’s Boeing 777 aircraft that was parked in the Schiphol airport in Amsterdam where Jet had a regional office.
August 21, 2019 7:05 am
In the aftermath of Jet Airways’ collapse, the Ministry of Civil Aviation temporarily reallocated over 2,500 of the airline’s slots, including prime ones in airports such as Delhi and Mumbai.