New Delhi23 hours ago
- copy link
Earlier in May this year, Naresh Goyal was granted interim medical bail for two months for cancer treatment.
The Bombay High Court on Monday granted bail to Jet Airways founder Naresh Goyal on medical grounds in the money laundering case. Goyal had sought bail citing medical and humanitarian reasons. Naresh is suffering from cancer and is undergoing treatment at Reliance Hospital.
Naresh was arrested on 1 September 2023. In May this year also, Naresh Goyal was granted interim medical bail for two months for the treatment of cancer. Naresh is lodged in Mumbai’s Arthur Road Jail. Naresh Goyal’s wife Anita Goyal died in Mumbai on 16 May this year. She was battling cancer for a long time.
Naresh Goyal’s wife Anita Goyal died in Mumbai on 16 May this year. She was battling cancer for a long time.
Understand the matter related to Jet Airways Goyal founded Jet Airways in 1993. After 26 years, the airline closed down in April 2019 due to economic reasons. Goyal left the post of chairman in May 2019.
At that time, Jet Airways had an outstanding loan of Rs 538.62 crore from Canara Bank. Jet Airways had taken credit limit and loan of Rs 848.86 crore.
Three years later, in 2021, Canara Bank had alleged that the forensic audit of Jet Airways had found that Jet had transferred Rs 1,410.41 crore to its associated companies. This was done to withdraw money from the company’s account.
The Goyal family was accused of paying all their personal expenses like staff salaries, phone bills and vehicle expenses from the Jet Airways account.
Jet Airways is closed since April 2019 Jet Airways was once one of the largest private airlines in India and had the status of the largest private airline in South Asian countries. Then, due to being burdened with debt, Jet Airways was grounded (ceased operations) on 17 April 2019.
Jalan-Kalrock had won the bid of Jet Airways In June 2021, the Jalan-Kalrock consortium won the bid for Jet Airways under the bankruptcy resolution process of the National Company Law Tribunal (NCLT). Since then, the process of revival of Jet is going on, but till now the airline has not been started.
This consortium is a joint company of Murari Lal Jalan and Kalrock Capital. Jalan is a Dubai based businessman. At the same time, Kalrock Capital Management Limited is a London based global firm working in the field of financial advisory and alternative asset management.
