Photo: The News Minute
Jet Airways Is Set To Re-Start Its Domestic Flights By 2022
Following being out of operation for almost three years, the Jalan Kalrock Consortium has confirmed that Jet Airways will resume its operations in India by the first quarter of 2022 with a flight from New Delhi to Mumbai. Reportedly, it has also got approval on its revival plan by the National Company Law Tribunal (NCLT). Furthermore, the company will start international flights in the mid-year of 2022.
Tags: Jalan Kalrock Consortium, Jet airways, Domestic Flights, NCLT
Courtesy: DNA India
Photo: Livemint
Reliance Industries Offers Operational Support To Future Retail
Mukesh Ambani-owned Reliance Industries has offered operational support to save the Future Retail Limited from collapse. However, the Rs 24,713-crore deal to buy the retailer’s assets is yet to be decided by the national company law tribunal. Reportedly, Reliance has extended the deadline for completion of the purchase by six months given the legal battle between Future Group and Amazon. Meanwhile, to ease burden, Future has transferred lease… read-more
Tags: Reliance Industries, Future Retail, Mukesh Ambani, NCLT
Courtesy: Livemint
Photo: Twitter / AnilAmbanii
SBI Claims Ambani Offered $160 Million Personal Guarantees, Tribunal to Verify
In order to verify SBI's claim that Anil Ambani offered personal guarantees of around $160 million when seeking loans, National Company Law Tribune (NCLT) in Mumbai has appointed a bankruptcy administrator. The former billionaire borrowed loans in 2016 on behalf of Reliance Communications Ltd and Reliance Infratel Ltd, which are now claimed to be insolvent. The court rejected "SBI's request for a restriction on Mr Ambani from dealing or… read-more
Tags: SBI, ANIL AMBANI, NCLT, BANKRUPTCY, RELIANCE COMMUNICATIONS
Courtesy: NDTV
