Loading...
Market
Jet Airways liquidation completed by end of 2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from the liquidator or Indian government publications
Story
Supreme Court Orders Jet Airways Liquidation, Overturns NCLAT Approval to Jalan Kalrock Consortium
Nov 7, 2024, 07:14 AM
On Thursday, the Supreme Court of India ordered the liquidation of Jet Airways, setting aside a previous National Company Law Appellate Tribunal (NCLAT) decision that had approved the airline's resolution plan and transfer of ownership to Jalan Kalrock Consortium (JKC). A three-judge bench headed by Chief Justice D.Y. Chandrachud invoked its plenary powers under Article 142 of the Constitution to pass the liquidation order after finding that the resolution plan had not been fully implemented and failed to make full payment. Jet Airways, once India's second-largest airline, ceased operations in 2019. The liquidation raises concerns for its 1.43 lakh retail shareholders who may face complete losses.
View original story
Similar markets
Successful restructuring • 25%
Acquisition by another airline • 25%
Liquidation • 25%
Other outcome • 25%
Successful restructuring • 25%
Acquisition • 25%
Liquidation • 25%
Other outcome • 25%
Successful appeal at NCLAT • 25%
Out-of-court settlement with BCCI • 25%
Bankruptcy proceedings continue • 25%
Other • 25%
Fully resolved with creditor payments • 25%
Partially resolved with ongoing disputes • 25%
No resolution reached • 25%
Proceedings extended beyond deadline • 25%
Yes • 50%
No • 50%
Successfully restructures and continues operations • 25%
Merges with another airline • 25%
Liquidates assets and ceases operations • 25%
Other outcome • 25%
Emerges from bankruptcy • 25%
Liquidation • 25%
Acquired by another airline • 25%
Remains in bankruptcy • 25%