invoked the court’s plenary powers under Article 142 of the Constitution to direct the airline into liquidation in compliance ...

Ryan Oakley / Investopedia Voluntary liquidation dissolves and dismantles solvent companies. A voluntary liquidation is a self-imposed windup and dissolution of a company shareholders have approved.

Jet Airways, “thought fit and necessary to direct for liquidation” by Supreme Court, is the second major airline to fall post GoFirst. The top court said that the resolution plan is no longer capable ...

India's Supreme Court has ordered the liquidation of the beleaguered Jet Airways, officially ending any hopes of a revival ...

Since inception, the IBC has led to a direct recovery of about Rs 3.55 lakh crore due to resolution and Rs 10,446 crore due ...

The Supreme Court Thursday ordered the liquidation of Jet Airways under the Insolvency and Bankruptcy Code (IBC) exercising its extraordinary powers under Article 142 of the Constitution.

Using its extraordinary power under Article 142 of the Constitution to do complete justice, the bench said, 'We direct ...

Sets aside NCLAT decision to transfer grounded carrier’s ownership without full payment to creditors The Tribune, now ...

Says Jalan-Kalrock Consortium, successful bidder for the airline, failed to implement the resolution plan five years since ...

Jet Airways was one of the most successful private enterprises that emerged after the liberalization of India’s economy in ...

The Supreme Court has ordered the liquidation of Jet Airways after the Jalan Kalrock Consortium, the winning bidder, failed ...

After a consortium failed to revive the grounded airline, the Supreme Court has ordered the liquidation of Jet Airways. The ...