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SC sets aside NCLAT decision, orders liquidation of Jet Airways' assets

Kishan sharma November 07, 2024
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. The court criticized the NCLAT's ruling and deemed liquidation as the best course of action for creditors and stakeholders.

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Kishan sharma

Posted by: Kishan sharma

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