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Jet Airways (India) Limited has been ordered to undergo liquidation by the Hon’ble Supreme Court of India due to prolonged inaction following the approval of its Resolution Plan nearly five years ago. This decision results in the forfeiture of Rs 200 Crore infused by the Strategic Resolution Applicant and permits lenders to encash a performance bank guarantee of Rs 150 Crore. Further steps for appointing a liquidator will now be initiated.