Supreme Court of India orders for liquidation of Jet Airways (India) Limited and recommends reform in the Insolvency and Bankruptcy Code, 2016

On November 7, 2024, a 3 (three) judge bench of Hon’ble Supreme Court of India (“Supreme Court”) delivered their judgment in the matter of State Bank of India and Ors. vs. The Consortium of Mr. Murari Lal Jalan and Mr. Florian Fritsch and Anr.1,inter alia, ordering liquidation of Jet Airways (India) Limited (“Jet Airways”).

Filed under:
India, Insolvency & Restructuring, Litigation, JSA, Insolvency and Bankruptcy Code (India), Supreme Court of India, National Company Law Tribunal
Authors:
Amit Kapur , Ayush Agarwala , Suvaaankoor Das , Rishab Aggarwal
Location:
India
Firm:
JSA