The move comes a day after an urgent meeting of lenders with Goyal and Etihad Airways chief executive officer Tony Douglas to resolve various issues between the two promoters as well as lenders and Etihad.
Manchester City coach Pep Guardiola hailed the spectacular football his side played in their 4-3 Champions League semi-final first-leg win over visitors Real Madrid on Tuesday, even if he was not completely satisfied with the scoreline.
Wife Anita Goyal and one nominee of Etihad Airways PJSC would also step down from the board.
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.
A round-up of Saturday's action in the Premier League.
Erling Haaland and Phil Foden scored hat-tricks to fire champions Manchester City to a rampant 6-3 thrashing of local rivals Manchester United in the English Premier League on Sunday.
An own goal and a Sadio Mane strike earned Liverpool a 2-0 victory in their Champions League semi-final first-leg against Villarreal on Wednesday, putting Juergen Klopp's side on course for their third European Cup final in five seasons.
While Jet founder Naresh Goyal said he was willing to infuse Rs 700 crore and also pledge all his shares in the company provided he can have at least 25 per cent stake, the airline's foreign partner Etihad Airways insists he must not keep more than a 22 per cent stake.
Images from the Premier League matches played on Sunday.
Coordination between defence and civilian authorities has freed up airspace for commercial airlines in India, resulting in routes becoming shorter and costs coming down, apart from mitigating pollution. "Due to various restrictions of the military, only about 58 per cent of the Indian airspace was being utilised. It is close to 70 per cent now," said an official of the Airports Authority of India (AAI). Officials of the AAI said to date 119 routes had been shortened. Sources said since December 2020 the cumulative savings of airlines had been close to Rs 200 crore while there was a reduction in emission of around 45,000 tonnes of carbon.
IMAGES from the English Premier League matches played on Sunday.
The airline has struggled to pay salaries and vendors on time and its Rs 10,963 crore fund and non fund based facilities have now been assigned 'D' rating by ICRA - the seventh rating downgrade since March 2017.
Sources said Unsworth had submitted a one-page letter indicating his interest in Jet but without any accompanying documents.
A round-up of Wednesday's action in the UEFA Champions League.
Manchester City moved back to second in the Premier League after a stylish 3-0 win over Everton at the Etihad Stadium on Sunday as Pep Guardiola's side responded to convincing Chelsea and Liverpool wins with a reminder of their class.
Currently bankers are trying to stave off bankruptcy even as media reports said Etihad Airways, which already owns 24 per cent in the airline, has teamed up with the Hindujas to buy the airline.
Darwin Group has offered Rs 14,000-crore deal to the lenders for acquiring the grounded airline
The game was originally scheduled for City's Etihad Stadium, and the first leg in Germany was also shifted to Budapest on February 24.
'I liked my teams' attitude -- I saw a brilliant attitude -- I saw boys who were fighting with all they have'.
The league, which is now conducting tests twice per week, did not name the people who tested positive but said they will self-isolate for 10 days.
Sources involved in the bidding process confirmed that the entity had submitted a bid but expressed doubt over its acceptance
Liverpool moved to 76 points from 32 games with title rivals Manchester City on 74 points from one game fewer, with Pep Guardiola's side hosting Brighton and Hove Albion at the Etihad on Wednesday.
Manchester City crushed Leeds United 7-0 at the Etihad Stadium on Tuesday to make it seven Premier League wins a row and move four points clear at the top of the table.
'Shouldn't the DGCA ensure both safety and convenience of passengers?' 'And convenience has been a casualty as nobody knows which Jet flight would be grounded next, throwing passengers' plans in disarray,' says Nivedita Mookerji.
'Shouldn't the DGCA ensure both safety and convenience of passengers?' 'And convenience has been a casualty as nobody knows which Jet flight would be grounded next, throwing passengers' plans in disarray,' says Nivedita Mookerji.
Naresh Goyal-owned group companies, including the airline's general sales agent in India and abroad, and a car rental firm, are among those who have filed claims.
Real trail Manchester City 2-1 from the first leg of their last-16 tie before the competition was suspended in March.
A round-up of Saturday's action in the Premier League.
IMAGES from the EPL matches played on Saturday
The possible date for bidders to submit a resolution plan to the adjudicating authority -- National Company Law Tribunal (NCLT) -- is September 27.
Following is a match by match look at the English Premier League's weekend fixtures
Weir capitalised on a mistake by United captain Katie Zelem as City emerged victorious on the opening day of the season
The top executives who have put in their papers with immediate effect include Jet's chief executive officer (CEO) Vinay Dube, chief finance officer (CFO) and deputy CEO Amit Agarwal and company secretary Kuldeep Sharma.
Omicron has been detected in Maharashtra (20), Rajasthan (9), Karnataka (3), Gujarat (4), Kerala (1) and Andhra Pradesh (1) and Union Territories of Delhi (2) and Chandigarh (1).
Riyad Mahrez struck twice as Manchester City reached the Champions League final for the first time thanks to a 2-0 victory over Paris St Germain at the Etihad Stadium on Tuesday that secured a 4-1 aggregate win.
Airline flight attendants reveal the craziest requests they have received from passengers!
Sergio Aguero believes the 14-point gap between the defending champions and Premier League leaders Liverpool is 'too hard' to overturn
City's Premier League game against West Ham United at the Etihad Stadium on Sunday has been postponed due to poor weather caused by Storm Ciara.
After a meeting of banks on Friday on ways to make funds available immediately, a source in the know said lenders other than SBI and Punjab National Bank had not come on board so far to chip in with their funds.
The English Premier League said on Monday that there was one more positive result from the latest round of COVID-19 tests of players and staff conducted last week, taking the total number of cases to 18 since testing began last month. The English top flight restarted its season last week after a 100-day hiatus due to the pandemic.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances