It is theoretically possible for (defaulting) promoters to challenge proceedings under banned February 12 circular if the same had been admitted by the NCLT

The Bombay High Court refused to intervene in the Jet Airways crisis, saying it cannot direct the government and the Reserve Bank of India to rescue a sick company

On April 17, the airline ran out of cash (and luck!) and temporarily halted its operations - first international, then domestic - after failing to secure additional funding from its lenders

Reliance Communications promoters' stake has come down to 22 per cent in January-March 2019 quarter, with family and group firms jointly losing more than half of the equities, the telecom firm said Thursday.

The troubled carrier had its last flight on Tuesday night after it failed to get Rs 400 crore without additional collateral.

All you need to know about what brought Jet Airways down and whether it can survive this turbulence

Jet Airways shutdown: According to the official, the watchdog would also endeavour to do its best to help the company revive its operations within the set regulatory framework

Jet Airways shares declined as much as 30.28 per cent and touched an intra-day low of Rs 166.20 against the previous close level of Rs 241.85 on the BSE

A consortium of 26 lenders led by State Bank of India, with 51 per cent stake in the debt trapped airline, has invited bids from potential suitors

The assets included within the divestment package are ArcelorMittal Ostrava in Czech Republic, ArcelorMittal Galati in Romania, ArcelorMittal Skopje (Macedonia), ArcelorMittal Piombino (Italy), ArcelorMittal Dudelange (Luxembourg) and several finishing lines at ArcelorMittal Li ge (Belgium)