₹8,000 Crore Debt Crisis : Jet Airways' Final Chapter Explained

Jet Airways, once the pride of Indian skies, has officially been ordered into liquidation by the Supreme Court of India on November 7, 2024, drawing curtains on a five-year insolvency struggle.

Key Highlights

– Asset Valuation: Includes a Boeing 777 in Amsterdam, luxury vehicles, real estate, and trade receivables worth ₹1,066.75 crore.

– Debt Crisis: Creditors face massive losses, with debts surpassing ₹8,000 crore.

– Stakeholder Impact: Thousands of employees, creditors, and shareholders face significant uncertainty.

𝘖𝘯 𝘢 𝘭𝘪𝘨𝘩𝘵𝘦𝘳 𝘯𝘰𝘵𝘦: 𝘐𝘧 𝘢 𝘣𝘪𝘭𝘭𝘪𝘰𝘯𝘢𝘪𝘳𝘦 𝘪𝘯𝘷𝘦𝘴𝘵𝘴 𝘪𝘯 𝘢𝘯 𝘢𝘪𝘳𝘭𝘪𝘯𝘦, 𝘩𝘦 𝘸𝘪𝘭𝘭 𝘴𝘰𝘰𝘯 𝘣𝘦𝘤𝘰𝘮𝘦 𝘢 𝘮𝘪𝘭𝘭𝘪𝘰𝘯𝘢𝘪𝘳𝘦.