Jet Airways crisis: NCLT admits SBI's insolvency plea, orders resolution in three monthsThe National Company Law Tribunal (NCLT) has admitted the insolvency plea by State Bank of India against Jet Airways on Thursday. The bankruptcy tribunal said the matter was of \"national importance\" and ordered a resolution as per the provisions of the Insolvency and Bankruptcy Act within three months.Economic activity clearly losing traction, says RBI Governor Shaktikanta DasThe Indian econo...

Calling it a matter of \"national importance\", the Mumbai bench of NCLT asked the IRP to take control of Jet Airways' assets and resolve the matter within three months

The creditors have been looking for a non-bankruptcy resolution ever since its temporary shutdown in April; Jet Airways owes over Rs 8,500 crore to the SBI-led consortium of banks

The decision of the lenders to seek bankruptcy comes exactly two months after the airline stopped flying on April 17, after being on the fringe since last July

In the past 14 years Jet shareholders have lost Rs 11,397.18 crore from its peak market capitalisation of Rs 11,856.68 crore as on April 26, 2005. At that time, the share price of the airline had clocked an all-time high of Rs 1,373.35.

Meanwhile, two independent directors of Jet Airways stepped down from the company's board, citing the failure of the bank-led resolution plan for the debt-laden airline as one of the reasons.

Captain Asim Valiani, President of the pilot union National Aviators Guild said that many employees did not accept good offers because they believed that revival was on the cards

HDFC Asset Management Company share price fell up to 6.67% to Rs 1,801.05 level compared to the previous close of 1,929.75 level on BSE.

Jet Airways share price opened at a loss of 9.96% at 61.50 level on BSE. Jet Airways share price has fallen 45.06% during the last one week. The stock has fallen 84% during the last one year and lost 77.85% since the beginning of this year.

Fitch Ratings has retained its GDP growth forecast for FY21 and FY22 at 7.1 per cent and 7 per cent, respectively

Jet Airways crisis: After failing to find a resolution outside the bankruptcy framework for the debt-ridden Jet Airways, the SBI-led consortium has decided to move the NCLT for realising their dues

Jet Airways share opened at a loss of 7.62% at 75.80 level on BSE. Jet Airways share price has fallen 43% during the last one week. The stock has fallen 81% during the last one year and lost 75% since the beginning of this year.

The investigation wing of the I-T Department has found alleged irregularities in transactions between Jet Airways and its Dubai-based group firms to evade taxes worth Rs 650 crore

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Jet Airways share price slumped over 23%  to 84.80 level compared to the previous close of 110.40 on BSE. Jet Airways share opened at a loss of 9.96% at 99.40 and fell to a fresh 52-week low of 84.80 on BSE.

The National Stock Exchange of India (NSE) said on Wednesday that shares of Jet Airways Ltd would be pulled out of daily trading, citing the embattled carrier's failure to respond to queries about rumours in the market.

Benchmark indices Sensex and Nifty extended losses to close lower on Wednesday. Across the board selling was witnessed in the market as investors remained on the sidelines amid global trade war concerns and a softening in global demand.Sensex declined 193 points to close at 39,756, with 22 componentsin the red, while broader index Nifty was down by 55 points to 11,906 level, with 35 stocks falling on the closing bell.Except, FMCG and Metal, all the sectoral indices closed in the red, with maj...

The fine submitted by Birju Salla, the first person to be booked under the Anti Hijacking Act, will be distributed among the crew members and passengers on board the affected Jet plane.

Patel was grilled for over 8 hours by the ED on Monday in connection with a probe into irregular seat-sharing on Air India's profitable routes.

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