SC orders liquidation of grounded air carrier Jet Airways' assets
New Delhi (PTI): The Supreme Court on Thursday exercised its extraordinary constitutional powers and ordered the liquidation of grounded air carrier Jet Airways' assets.
A bench of Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra set aside the National Company Law Appellate Tribunal (NCLAT) decision upholding the resolution plan of Jet Airways and approved the transfer of its ownership to Jalan Kalrock Consortium (JKC).
Pronouncing the judgement for the bench, Justice Pardiwala allowed the plea of SBI and other creditors against the NCLAT decision that upheld the resolution plan of Jet Airways in favour of JKC.
It said the liquidation of the air carrier was in the interest of creditors, workers and other stakeholders.
The bench rapped NCLAT for its decision.
The top court used its powers under Article 142 of the Constitution which gives it the power to make orders and decrees to ensure complete justice in any matter or cause pending before it.
The NCLAT on March 12 upheld the resolution plan of the grounded air carrier and approved the transfer of its ownership to JKC. The SBI, Punjab National Bank (PNB) and JC Flowers Asset Reconstruction Private Limited have challenged the NCLAT verdict.
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Bengal: Hours after killing of Suvendu's aide, cops say 5 BJP workers injured in bomb attack
Kolkata (PTI): Five BJP supporters have been injured allegedly in a bomb blast in Panihati in West Bengal's North 24 Parganas district, police said on Thursday.
The incident occurred late on Wednesday night, hours after Chandranath Rath, a close aide of BJP leader Suvendu Adhikari, was shot dead by motorcycle-borne assailants, which led to the saffron camp accusing the TMC of unleashing retaliatory violence.
The bomb blast occurred near St Xavier's Institution in Panihati. Unidentified assailants hurled crude bombs at a group of BJP workers, injuring at least five people, police said, adding the injured were admitted to the RG Kar Medical College and Hospital in Kolkata.
According to local sources, BJP workers were interacting with residents on Dutta Road in Panihati's Ward number 2 when a group of motorcycle-borne persons allegedly targeted them with bombs before fleeing.
The BJP alleged that the attackers were backed by the ruling Trinamool Congress, an allegation denied by the Mamata Banerjee-led party.
A senior police official said, "We have started an investigation and are examining CCTV footage from the surrounding areas to identify those involved. Raids are being conducted to nab the accused."
A heavy police deployment has been made in the area.
"We are maintaining strict vigil and appealing to people not to spread rumours. Necessary steps are being taken to maintain peace," the officer added.
Incidentally, the area where the blast occurred is located near the residence of newly elected BJP MLA Ratna Debnath, the mother of the RG Kar Hospital rape victim.
