From Rescue to Ruin: The Supreme Court’s Judgment in Jet Airways and the Future of Airline Insolvencies

Introduction

On November 07, 2024, the Supreme Court of India (“Court”) in its judgment in State Bank of India & Ors. vs. The Consortium of Mr. Murari Lal Jalan and Mr. Florian Fritsch & Anr.,[1] directed the liquidation of Jet Airways (India) Limited (“Jet”), bringing an end to the five-year long saga of efforts to revive the beleaguered airline.

Filed under:
India, Aviation, Insolvency & Restructuring, Litigation, S&R Associates, Civil aviation, Jet Airways, Insolvency and Bankruptcy Board of India, State Bank of India, Insolvency and Bankruptcy Code (India), Supreme Court of India, National Company Law Tribunal, Transport
Authors:
Aparna Ravi , K J Chendhil Kumar
Location:
India
Firm:
S&R Associates