Page 13 - Jet Airways

NCLAT directs Jet Airways IRP, Dutch court administrator to coordinate

NCLAT also asks interim resolution professional to submit copy of draft agreement in two weeks, to hear matter on Sep 20

Jet creditors to recover only $300-$400 mn in liquidation scenario: Report

"The expected recovery on owned planes and real estate is $300-400 million after repaying debt tied specifically to those assets," said one of the sources

Top 10 biz headlines: Core sectors growth slows, no new Jet suitor & more

From a spurt in cement production and slower contraction in energy segment pulling up growth in 8 core sectors to 2.1% in July to Jet failing to find a new suitor, here is today's top business news

Jet fails to find new suitor, further deadline extension for EoI unlikely

Avantulo, Russian fund and Synergy Group are the three bidders

Jet Airways fails to attract new bidders, deadline unlikely to be extended

With no new bidders emerging during this period, there are only three entities that had put in their initial bids earlier

Top 10 biz headlines: FDI reforms, Synergy Group eyes 49% Jet stake & more

From the govt easing FDI norms for single-brand retail, digital media, and manufacturing to Synergy Group planning to pick up 49% stake in Jet Airways, here are the top business headlines for Thursday

After EOI submission, Synergy Group eyes 49% stake in Jet Airways

Govt norms mandate that substantial ownership and effective control of an airline must rest with Indian citizens

Letters to BS: Naresh Goyal not as naive as he is projecting himself to be

The ED has taken possession of various incriminating documents

Top 10 biz headlines: RBI helps govt on fiscal deficit, IndiGo AGM & more

From RBI's surplus transfer helping the govt contain fiscal deficit at 3% of GDP in 2019-20 to India's leading PSUs facing financial headwinds, here are the top business headlines for Tuesday

Jet Airways crisis: Lenders extend expression of interest deadline again

The lenders have given in-principal nod for the extra sum but will have to approve it through a vote this week

Top 10 biz headlines: Jobs galore for techies, Jet lenders meet and more

From record hiring in IT industry to rising smartphone shipment to India, here are the top business headlines for Monday

Jet Airways crisis: Lenders to discuss bids, interim funding today

The resolution professional had earlier received EoIs from Panama-based Avantulo Group and a Russian fund Treasury Creator

Naresh Goyal created tax evading schemes to siphon off funds abroad: ED

A dozen premises, including Goyal's Mumbai residence, his group companies, their directors and offices of Jet Airways, were searched on Friday

ED searches Jet founder Naresh Goyal's business, residential premises

The probe agency has also alleged that Goyal's companies executed several 'colourable transactions' under the guise of selling and distribution expenses

Jet Airways crisis: Irish lessor moves NCLT seeking to take back Boeing 777

Irish lessor moves NCLT seeking to take back Boeing 777

RP of Jet Airways wants NCLT to ask lenders for interim financing

The second CoC meeting will be held next week wherein the settlement proposal will be presented for approval

ED conducts searches on Jet Airways offices, Naresh Goyal residences

Action is the part of the probe against the airline under Fema, over the signing of a $150-million deal with Etihad Airways in 2014 for a loyalty programme business

Govt allows airlines to use defunct Jet Airways' slots till year-end

Even after such flying rights are allocated to an airline, it must have slots at both the airports in order to start flight operations

Jet Airways creditors' claims balloon to Rs 30,558 cr as revival hopes fade

So far as the operational creditors are concerned (excluding the employees), the RP has admitted Rs 3,321 crore of claims

Top events today: SC to hear plea on J&K, Jet Airways resolution and more

From Supreme Court taking up plea against govt's 'regressive moves' in Kashmir to Priyanka Gandhi Vadra's Sonebhadra visit, Business Standard brings you top events that could make headlines today