Sanjay Gulati (File Photo/Twitter)

Rs 90 lakh in PMC Bank, ex-Jet Airways staffer dies of stress after protest

Mumbai: A customer with around Rs 90 lakh in the crisis-hit Punjab & Maharashtra Cooperative Bank Ltd has died. Sanjay Gulati had already lost his job earlier this year following the collapse of the Jet Airways, and now restrictions on his hard-earned savings may have taken away his life. With a specially-abled son at home, Gulati […]

Jet Airways promoter and founder Naresh Goyal (File Photo/IANS)

ED searches Jet Airways premises, Naresh Goyal’s residence

New Delhi/Mumbai: The Enforcement Directorate (ED) on Friday carried out searches at over a dozen locations in Delhi and Mumbai, including at the residence of Jet Airways founder Naresh Goyal. A senior ED official told IANS that “searches are on at over a dozen locations in Delhi and Mumbai.” He said the residence of Jet Airways […]

Jet Airways promoter and founder Naresh Goyal (File Photo/IANS)

Give Rs 18,000 cr to go abroad: HC to Jet Airways promoter Naresh Goyal

New Delhi: The Delhi High Court on Tuesday asked Jet Airways promoter Naresh Goyal to submit Rs 18,000 crore in bank guarantees in order to be allowed to travel abroad. “If you can give Rs 18,000 crore as bank guarantee, then you can go,” said Justice Suresh Kait while refusing to grant interim relief to Goyal […]

Jet Airways promoter and founder Naresh Goyal (File Photo/IANS)

Delhi HC seeks Centre’s response over Jet promoter Naresh Goyal’s plea against Look Out Circular

New Delhi: The Delhi High Court on Tuesday refused to grant interim relief to Jet Airways promoter Naresh Goyal over his plea seeking to quash the Look Out Circular issued against him. A single judge bench presided by Justice Suresh Kait sought a response from the Centre and posted the matter for hearing on August 23. […]

Photo: IANS

Ministry of Corporate Affairs orders probe into Jet Airways over alleged fund diversion, writing off investments

New Delhi: The Ministry of Corporate Affairs (MCA) has asked the Serious Fraud Investigation Office (SFIO) to probe the alleged fund diversion and writing off investments by Jet Airways. The fresh investigation follows recommendation given by MCA’s Mumbai regional office after inspecting the airline’s books. In Jet Airways’ preliminary probe, Registrar of Companies RoC (Mumbai) told […]

Jet Airways CEO Vinay Dube (File Photo/IANS)

Jet saga: Now lookout notice against airline’s former CEO Vinay Dube

New Delhi: Not just Jet Airways’ former Chairman Naresh Goyal, but even its former Chief Executive Vinay Dube has been barred from leaving India, as a probe into the financial irregularities in the running of the grounded airline continues. The Ministry of Corporate Affairs (MCA) has issued a lookout circular against Dube, similar to the one […]

Jet Airways promoter and founder Naresh Goyal (File Photo/IANS)

Various agencies probing Jet; thwarted Goyal’s trip abroad

New Delhi:  Multiple agencies are looking into Jet Airways’ former promoter Naresh Goyal’s alleged role in financial irregularities in the running of the grounded airline. According to highly placed sources, multiple agencies, including the Serious Fraud Investigation Office (SFIO), are probing Goyal’s role in siphoning off loan amounts raised on behalf of Jet Airways to […]