Supreme Court orders liquidation of Jet Airways on failure of resolution plan

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Jet Airways Liquidation: The Supreme Court has ordered the liquidation of Jet Airways, rejecting a takeover bid by Kalrock Capital and Murari Lal Jalan. The court found the NCLAT’s approval of the bid disregarded a previous Supreme Court ruling and determined liquidation to be in the best interest of lenders and employees.

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Supreme Court orders liquidation of Jet Airways on failure of resolution plan

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