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JETAIRWAYS Share Price Discussion

Jet Airways (India) Ltd.
Sector: Transport
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JETAIRWAYS - 261215
💠💠The Delhi high court on Tuesday asked Naresh Goyal, the founder and former chairman of Jet Airways (India) Ltd, to first deposit ₹18,000 crore the grounded airline owes lenders if he wishes to travel overseas.
Declining to grant permission to Goyal to leave India, the court sought the response of the Union government to his plea. The court was hearing Goyal’s petition challenging a lookout circular (LOC) issued against him.
In his petition, Goyal contended that as on 25 May, when he was deboarded from a flight to Dubai, no case was registered against him. At the time, there was no material to show that there was any attempt by Goyal to evade investigation and as Goyal is a non-resident Indian (NRI), he is required to travel abroad from time to time, argued senior counsel Maninder Singh, who appeared for the petitioner.
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