Saturday, Sep 18, 2021
Jun 22, 2021 PTI Jet Airways, which suspended operations in April 2019, has been undergoing a resolution process under the Insolvency and Bankruptcy Code (IBC) for two years.
Dec 08, 2020 PTI The airline was grounded on April 17 due to liquidity crisis last year
ED says a criminal case against the former chairman of the airlines has been filed under the Prevention of Money Laundering Act
Sep 06, 2019 Outlook Web Bureau The officials said that Goyal's statement has been recorded under the Foreign Exchange Management Act (FEMA) at the agency's zonal office in Mumbai.
The Enforcement Directorate had carried out searches on Friday at a dozen locations of Naresh Goyal, his firms and partner agencies in Mumbai and Delhi on charges of alleged contravention of the foreign exchange law.
A full-service carrier, Jet Airways shuttered operations on April 17 after running out of cash.
Justice Suresh Kait said no interim relief can be granted to Jet Airways Founder Naresh Goyal at this stage, and added that he may deposit Rs 18,000 crore guarantee if he wants to travel to a foreign country now.
The airline operated last in April this year after it ran out cash, owing over Rs 8,500 crore to the State Bank of India and 25 other financial creditors.
Jet Airways stocks hit an intra-day low of Rs 32.25 per share, falling by a massive 52 per cent. At 1.41 p.m, Jet's stocks were trading at Rs 38.05 per share, down Rs 30.25 or 44.29 per cent.
In 2017, the Mumbai-Delhi Jet Airways flight had made the emergency landing after a note stating that there were hijackers and a bomb on board was found in the plane's washroom.
The disclosure came after Naresh Goyal and his wife Anita Goyal were stopped by immigration authorities at Mumbai airport, minutes before their aircraft was about to take off for London via Dubai.
The couple was to travel by Dubai-bound Emirates flight EK 507 when the immigration authority denied them permission to fly, they said.
Shares of Jet Airways had on Tuesday plunged over 7 per cent and had plummeted over 8 per cent Monday.
Dube's resignation comes as a double blow on Tuesday for the grounded airline as earlier in the day, the company's Chief Financial Officer (CFO) and Deputy Chief Executive (CEO) Amit Agarwal also resigned.
The consortium of 26 lenders which now owns 51 per cent in Jet Airways, had invited expressions of interest between April 8 and 12 and had received four preliminary bids.
The Civil Aviation Ministry decided to allocate the vacant slots at the airports in the national capital and Mumbai to other carriers.
Jet Airways on April 17 stopped operations, leaving over 22,000 employees in the lurch. Of these around 1,300 are pilots and over 2,000 are cabin crew.
Mallya, who remains on bail on an extradition warrant executed by Scotland Yard in April 2017, is undergoing a UK High Court appeals process against his extradition order signed off by UK home secretary Sajid Javid in February.
External Affairs Minister S Jaishankar being received at the 21st Meeting of SCO Council of Heads of State in Dushanbe.
PTI Photo
BJP leader and Union Minister Mukhtar Abbas Naqvi participates in “Sewa Diwas”, organised to celebrate birthday of Prime Minister Narendra Modi, at a vaccination centre in Rampur.
PTI Photo
Members of Bhartiya Kissan Union block a road during a protest against Punjab Government in support of their demands in Patiala.
PTI Photo
Union Home Minister Amit Shah waters a sapling planted under the 'All India Tree Plantation Campaign-2021' by CAPF, at CRPF Training Centre in Nanded.
PTI Photo
Bihar Chief Minister Nitish Kumar greets PM Narendra Modi on his birthday by writing a message on a board during inauguration of Maha Tikakaran Abhiyan 2.0 at Patliputra Sports Complex, in Patna.
PTI Photo
India is poised to become a global education hub with the government introducing major policy changes
Outlook's annual ranking of India’s top 50 State Private Universities in 2021 will help students make an informed choice.
Jain to Patidar. Was caste a decisive factor in the BJP’s choice for CM during the recent change of guard in Gujarat?
With all foreign soldiers out of Afghanistan, the Taliban is now in a position to do pretty much what it wants.
Sep 13, 2021 Seema Guha 
It can be a crucial stepping stone to develop young minds to appreciate the importance of practising honesty throughout their academic journey and lay the foundations for successful professional careers.
Sep 12, 2021 Chaitali Moitra 
One can be pro-religion, but against coerced religion; one can be pro-vaccines, but against coercion and mandates
Sep 12, 2021 Kameswari Chebrolu 
We can do anything with the Cloud. Buy and sell, eat, cook, get our clothes, houses, cars, watch movies, read books, listen to music, talk, write, communicate, ask, create, teach, learn, heal…. Schools must prepare children for this world.
Sep 12, 2021 Sugata Mitra 
