Supreme Court orders liquidation of Jet Airways

Supreme Court has ordered the liquidation of Jet Airways in view of the "alarming" circumstance that the resolution plan hasn't been implemented for five years, Live Law reported. The court found that the airline's successful bidder Jalan Kalrock Consortium had not fulfilled the key obligations of its resolution plan. Founded by Naresh Goyal, Jet Airways went into insolvency in 2019.

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