Exercising its powers under Article 142 of the Constitution, the Supreme Court decided to liquidate Jet Airways after noting that JKC had not fulfilled key obligations.
Naresh Goyal
The Jalan Kalrock Consortium (JKC), the successful bidder for the revival of the grounded airline, recently injected ₹100 crore into Jet Airways, bringing their total investment in the airline to ₹250 crore.
On Friday, the Central Bureau of Investigation (CBI) searched seven locations, including the Mumbai offices of Jet Airways and the residence of its founder, Naresh Goyal, concerning a bank fraud case.