Bigul

Synergy Group seeks more time to place final bid for Jet Airways

Synergy Group Corp has sought time till November 30 as the group could not find any Indian partner
10-10-2019
Bigul

JET AIRWAYS (INDIA) LTD. - 532617 - Clarification sought from Jet Airways (India) Ltd

The Exchange has sought clarification from Jet Airways (India) Ltd with respect to news article appearing on https://www.thehindubusinessline.com September 29, 2019 titled "NCLAT okays agreement between Dutch court and Jet resolution professional". The reply is awaited.
30-09-2019
Bigul

NCLAT decision on Jet's CoC meetings a welcome signal to foreign investors

The NCLAT's decision is based on a 'Cross Border Insolvency Protocol' agreed upon by the Dutch insolvency court administrator and the Indian Resolution Professional of debt-laden Jet Airways
29-09-2019
Bigul

NCLAT allows Jet Airways' Dutch insolvency court to be part of CoC

Experts say ruling likely to break fresh grounds on cross-border insolvency norms
26-09-2019

Jet Airways grounding changed our India growth plans: Virgin Atlantic India head

Virgin Atlantic will start its own daily flights between London and Mumbai from 27 October to utilize the space vacated by Jet Airways.Jet Airways also flew a daily flight between Mumbai and Manchester
24-09-2019

Jet Airways founder Naresh Goyal in trouble as ED may go for independent audit

According to a senior ED official, Jet Airways founder Naresh Goyal had registered 19 privately held companies, five of which were registered abroad .ED official said that the agency would 'decide how to proceed as the investigation is still on and some gaps have been observed
21-09-2019

Jet Airways lenders make presentation to Synergy Group

The airline owes over 8,500 crore, excluding interest, and other penal charges, to a clutch of lenders led by the State Bank.The lenders consortium, which owns 51%, had on June 17 sent the airline to the NCLT as they could not find a buyer
17-09-2019
Bigul

Synergy Group signs non-disclosure pact as first step in Jet Airways buyout bid

South American conglomerate the Synergy Group has signed a Non-Disclosure Agreement (NDA) with the resolution professional of Jet Airways. This is t
11-09-2019

Jet Airways' future up in the air with Russian bidder set to be disqualified

Treasury RA Creator did not deposit the amount required to seek access to Jet's data, making it ineligible to bid.Lenders still conducting due diligence on South American conglomerate Synergy Group Corp. after it showed interest in investing in Jet Airways
09-09-2019
Bigul

Enforcement Directorate grills Naresh Goyal over diversion of Jet funds

The enforcement agency is probing Goyal's offshore investments which were made through diversion of funds from Jet Airways to 19 shell companies allegedly managed by him
07-09-2019
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