Under the resolution plan, the lenders would end up having a sizable portion of shares in the airline, if their boards of directors agree to convert part of their debt into equity.
In a major relief to passengers, whose flights got cancelled due to the Covid-19 lockdown, the Supreme Court on Thursday accepted the recommendations of the Director General of Civil Aviation (DGCA) to refund ticket fares and also approved a credit shell scheme which will be valid till March 31.
What the celebrations overlook is that the law covered cyber crime which users will now be vulnerable to.
Markets ended higher, amid firm global cues, and are on track for third straight day of gains.
Jurisdictional disputes between Canadian and US police hampered the initial investigation, a former FBI agent has told the British Columbia supreme court.
rediff.com spoke to Vijayendra Ghatge, whose sister Sangeeta, was killed in the Kanishka bombing.
'Our civil society here is vibrant, and courageous, although it is beaten up and beaten down, repeatedly.'
The city's air quality index will fluctuate between the higher end of the "poor" category and the lower end of the "very poor" category, it predicted.
Meanwhile, Malik has initiated a lawsuit in Supreme Court in an attempt to reclaim his position as a director on\nthe Khalsa Credit Union.
It may help do away with the economic loss and inconvenience, but it also curtails the workers' right to air their grievance.
'Our future is in limbo. The government saved us with Operation Ganga; now, they must save our careers.'
From the kind of food to the art which will be displayed at the museum, historian Pushpesh Pant shares his vision.
The apex court pulled up the Centre for its "evasive" and "brazen" affidavit on the issue.
Supertech also plans to file an SLP in the Supreme Court.
The Indian Navy granted permanent commission to seven women officers of the Short Service Commission batch of 2008-09.
The silence is specially deafening from three parties that symbolised hope for Muslims: The Congress, the Aam Aadmi Party and the Samajwadi Party. 'What fear prevents these leaders from at least talking about the way our community is being targeted?' 'Will they really lose Hindu votes if they do so?'
Jailed Rashtriya Janata Dal chief Lalu Prasad and Janata Dal-United leader Jagdish Sharma have been disqualified as Lok Sabha members following their conviction in the fodder scam.
The court convicted Sengar for rape under the Indian Penal Code and the Protection of Children from Sexual Offences Act for offence by a public servant committing penetrative sexual assault against a child.
The Rafales could begin combat operations by September-October, reports Ajai Shukla.
The Supreme Court Tuesday asked the Centre to explain why, despite its orders, the intake of women candidates in National Defence Academy for year 2022 has been restricted to 19, the figure same as last year.
The Supreme Court might have refused to grant him relief but a defiant N Srinivasan is expected to attempt a comeback as BCCI President after being forced to step aside, when the Board officials gather for the final Working Committee meeting before next month's AGM in Kolkata on Sunday.
The woman was allegedly kidnapped and raped by Sengar in 2017 when she was a minor.
Mahindra & Mahindra gets the biggest impact of the Supreme Court's ban on sale of vehicles in Delhi with diesel engines bigger than 2,000cc.
'The best remedy would be to scrap Section 124-A of the IPC, a colonial vestige, altogether.' 'However, if legislators don't want to do so, they can do two things.' 'They can formally amend Section 124-A to bring it in line with what the Supreme Court has said about sedition.' 'The words which stand on the statute book today were inserted in 1898.' 'The Supreme Court's words are not a part of Section 124-A.'
The Shiv Sena on Monday said it was not surprising to see the Bharatiya Janata Party winning the Maharashtra Assembly Speaker's election as the Sena was broken and 'someone from the party' was pitted against it.
The attorney general admitted that there is no sovereign guarantee, but asserted that there is a letter of comfort by France which would be as good as a governmental guarantee.
Jindal Steel and Power was the top loser down 10% followed by Hindalco, Tata Steel, Tata Power which ended down between 0.5-3% each.
Colourful lights illuminated buildings and earthen lamps dotted houses as people across the country celebrated Diwali with pomp on Monday after two years of muted festivities due to the pandemic.
The Indian State's arbitrariness may have come to be accepted with resignation within the country, but when it behaves in the same manner with external players, it gets a push-back, observes T N Ninan.
Sodhi Singh Sodhi testified that while he knew several people with alleged links to the bombing, he knew nothing about the plot to blow up the Kanishka flight.
In an affidavit filed in the top court, the health ministry told the apex court that the family welfare programme in the country is voluntary in nature, which enables couples to decide the size of their family and adopt family planning methods best suited to them, according to their choice and without any compulsion.
These are the four primary issues that have soured the relationship between SBI-led lenders and JKC and delayed the resumption of commercial flights by Jet Airways, once India's largest private airline, which went bankrupt in 2019. Over the past three years, the airline went through an insolvency process under which JKC's resolution plan was approved by a committee of creditors (lenders) and the National Company Law Tribunal (NCLT) in October 2020 and June 2021, respectively. But this didn't mean an end to the problems.
With these decisions, Modi has been given a clean chit in eight matters.
Supertech Managing Director Mohit Arora said the company will file a review petition in the SC.
The Supreme Court on Friday took note of the Centre's submission that it has evacuated 17,000 stranded Indians from the conflict zone in Ukraine, saying it appreciated the efforts but was concerned about the anxiety of people.
While reserving the verdict, the apex court had said that the pricing details of Rafale jets could only be discussed after it decides on whether to make it public.
The Supreme Court has directed a series of actions to clean the Taj, including bringing in compressed natural gas (CNG) to replace dirty coal.
'I have full faith in the judicial system and eventually the truth will prevail. In the interim I would appreciate that my privacy is respected,' Papon tweeted.
