A flight of Jet Airways.

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.

Mon, 13 Sep 2021 - 04:28 PM / by Brijesh Goswami

Tags: Jalan Kalrock Consortium, Jet airways, Domestic Flights, NCLT

Courtesy: DNA India

Big Bazaar

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

Wed, 10 Mar 2021 - 11:10 AM / by Neha Sanjeev

Tags: Reliance Industries, Future Retail, Mukesh Ambani, NCLT

Courtesy: Livemint

Anil Ambani

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

Fri, 21 Aug 2020 - 08:42 PM / by Bharat Sharma


Courtesy: NDTV