Jet Airways (India) Limited — Others, 27-11-2024: Action(s) initiated or orders passed

Jet Airways (India) Limited has announced a board meeting to discuss the company's liquidation following a recent order from the National Company Law Tribunal (NCLT). Mr. Satish Kumar Gupta has been appointed as the Liquidator. The Supreme Court's intervention highlighted the prolonged lack of progress under the previously approved Resolution Plan, leading to this decision. The liquidity situation is expected to worsen, impacting operations and investor sentiment. This update may suggest a move towards a potential sale of the airline as a going concern, presenting both risks and opportunities for stakeholders.