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India's Supreme Court orders Jet Airways liquidation, cites resolution plan failures

  • India's Supreme Court ordered the liquidation of defunct airline Jet Airways under the Insolvency and Bankruptcy Code as reported by The Indian Express.
  • The court stated that the Successful Resolution Applicant had "contravened" the resolution terms, noting the "peculiar and alarming" circumstances of the case.
  • The court emphasized that liquidation would serve the best interests of creditors and directed the National Company Law Appellate Tribunal to appoint a liquidator.
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Bias Distribution

  • 44% of the sources lean Left, 44% of the sources lean Right
44% Right
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