Big win for Jalan-Kalrock in the race to revive Jet Airways

The recent NCLT order boosts its chances of taking control of the grounded airline, but the lenders can still force a change in flight plan.

20 January, 202312 min
0
Banner image

Subscribe to read this story

We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.

$99 for one year

SUBSCRIBE
Already have an account? Sign In

Not ready to subscribe? Sign up for a free account

We value our free readers. Read 100+ stories every year.

You may also like

Business
Story image

Mumbai's worsening garbage crisis, and the company in the thick of it

The Kanjurmarg landfill, operated by Antony Waste Handling Cell Ltd., is safe from the axe for now. But its fate remains a major source of worry for the company's shareholders and the city's residents alike.

Business
Story image

Take the hint, Air India and Boeing are not off the hook for AI171 crash yet

Though the AAIB’s preliminary report has evoked speculation about pilot error as the cause of the 12 June tragedy, there is enough to conclude that the two largest stakeholders haven’t exactly got a clean chit.

Business
Story image

Air India is Chandrasekaran’s cross to bear

The AI171 crash has handed the Tata Sons chairman the biggest crisis of his career. What he does from here on will define his and the group’s legacy.