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Total 30 results found. Search for [ jet airways crisis explained ]

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New Delhi, January 15, 2020
Synergy Group Corp had earlier sought more time to complete the due diligence before submitting the final bid

New Delhi, September 26, 2019
The Jet Airways Resolution Professional had moved the NCLT on September 20, seeking directions to the banks, who own 51 per cent in the airline since March, to release interim funds

New Delhi, September 5, 2019
The final bidders will be eligible to analyse financial data and other crucial documents related to the bankrupt airline, following which they can come up with a resolution plan

New Delhi, September 5, 2019
Once India's biggest private carrier, Jet stopped flying in April after running out of cash, leaving thousands without jobs and pushing up airfares across the country

Anilesh S Mahajan
June 28, 2019
The new PSU - Indian Railway Rolling Stock Company - will be structured along the lines of China's rolling stock manufacturer PSU CRRC Group

New Delhi, June 24, 2019
Jet Airways share, which hit a fresh 52-week low of Rs 27 in trade on Thursday, has rallied over 140 per cent in the last three trading sessions amid heavy volume due to speculative trade

New Delhi, June 19, 2019
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

Mudit Kapoor
June 18, 2019
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.

New Delhi, June 18, 2019
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.

New Delhi, June 17, 2019
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

New Delhi, June 15, 2019
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

May 28, 2019
The SBI-led consortium of Jet Airways' lenders, currently busy hunting for new investors, is expected take a final decision on the fate of the grounded airline in the next two weeks before playing its last card, which is filing for bankruptcy

Manu Kaushik
New Delhi, May 27, 2019
Reports suggest that the Enforcement Directorate (ED) is probing diversion of funds case against Goyal, and the lookout notice issued by the home ministry reportedly pertains to that case

May 17, 2019
From a tumbling stock and taxman concerns to a top level exodus amid desperate attempts to find a suitor, here are some key developments that will have a bearing on Jet Airways' future, if it ever manages to get off the ground again

Pankaj Upadhyay
May 10, 2019
SBI Chairman Rajnish Kumar has expressed hope that Jet Airways will not have to face insolvency. \"NCLT is the last option. It is the option when no option is left,\" he said.

May 9, 2019
The Ministry of Corporate Affairs ordered the SFIO probe into Jet Airways and its subsidiaries after examining a report by Western Regional Director on inspection of the airline's books

May 7, 2019
The decision from the embattled airline comes close on the heels of a letter from regulator Bureau of Civil Aviation Security (BCAS) asking foreign airlines to make alternative arrangements

May 1, 2019
In a letter to the employees, Jet Airways Chief People Officer Rahul Taneja informed that the company would not be able to pay the premium for the group mediclaim policy

Manu Kaushik
New Delhi, April 29, 2019
The concern to save the embattled Jet Airways is common all around, the suggestions to this end from various quarters are different though

April 26, 2019
The Mumbai bench of the NCLT issued contempt notices to Axis Bank chief executive Amitabh Chaudhry, Standard Chartered Bank India chief executive Zarin Daruwala and Bawa

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