Today,22nd April, The Supreme Court issued notice to Jet Airways and the Jalan Kalrock Consortium following a petition by the State Bank of India challenging the NCLAT’s decision regarding the airline’s ownership transfer. The case reflects complex legal and financial dilemmas in India’s aviation sector. The SBI cited outstanding payments and non-compliance with NCLAT’s orders, emphasizing the intricate nature of the proceedings.
Naresh Goyal, Jet Airways founder, was denied interim bail in a money laundering case but allowed two months of hospital treatment for cancer. The charges involve fund misappropriation and consultancy payments. Goyal’s critical health condition prompted the court’s decision, highlighting the balance between legal proceedings and humanitarian concerns amid the allegations.
Naresh Goyal, aged 74, was arrested on September 1 by the Enforcement Directorate (ED) following a First Information Report (FIR) registered by the Central Bureau of Investigation (CBI). The FIR was based on a complaint by Canara Bank, alleging a fraud involving approximately ₹6,000 crore The Mumbai Court on Thursday has taken a proactive step […]
The Bombay High Court has unequivocally dismissed the habeas corpus petition filed by Naresh Goyal, the founder of Jet Airways, challenging his arrest by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA), which he described as “unwarranted, arbitrary, and illegal.” The arrest is linked to a case of alleged money laundering […]
Jet Airways founder, Naresh Goyal, has been placed under a 14-day judicial custody in relation to an alleged fraud of Rs 538 crore involving Canara Bank. This development follows Goyal’s arrest by the Enforcement Directorate (ED) on September 1. As per the reports, the ED arrested him “under the Prevention of Money Laundering Act (PMLA) […]