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The court has held that in case JKC does not furnish the bank guarantee, the consequences of law will follow. The NCLAT will now have to decide the appeal by State Bank of India challenging the transfer of Jet Airways' ownership to JKC by end of March 2024.
The court has held that in case JKC does not furnish the bank guarantee, the consequences of law will follow. The NCLAT will now have to decide the appeal by State Bank of India challenging the transfer of Jet Airways' ownership to JKC by end of March 2024.
The NCLT noted that the case is 'high profile' and it should be heard at the earlier possible date and adjourned the hearing of the case in January.
The Kerala High Court on Friday laid down that mere uploading of an application under Section 96 of the Insolvency and Bankruptcy Code (IBC), 2016, cannot be regarded as filing of an application for...
Addressing customer claims during insolvency is not a straightforward matter as the IBC provides a mechanism to resolve insolvencies, but does not explicitly outline the treatment of customer claims, such as refunds for cancelled tickets.