HDFC moves NCLT to keep mortgaged Jet Airways headquarters out of bankruptcy process
NEW DELHI: Mortgage lender HDFC on Thursday moved the NCLT seeking to keep the Jet Airways headquarters in the city out of the bankruptcy process. The HDFC counsel told the National Company Law Tribunal that three floors of the building are mortgaged with the lender. The tribunal will hear HDFC’s plea Friday along with the […]
Jet Airways’ bankruptcy process begins, stock soars 150%
NEW DELHI: Jet Airways on Thursday became the first domestic airliner to go into bankruptcy as the NCLT admitted an insolvency petition filed by State Bank on behalf of 26 lenders, sending its share price soaring a whopping 150 percent after having plumbed life-lows for many days. While SBI made a claim of Rs 967 […]