Naresh Goyal

Naresh Goyal News

Jet Airways takes to the skies after three years: What’s in store for the once-bankrupt airline?
India

Jet Airways takes to the skies after three years: What’s in store for the once-bankrupt airline?

Jet Airways has already hired over 200 people across major operations, including former SpiceJet and Vistara executive Sanjiv Kapoor as its CEO. The airline plans to start operations in the September quarter of this year

Yes Bank crisis: ED summons Subhash Chandra, Naresh Goyal, Sameer Gehlaut, other top corporate honchos for questioning this week
Business

Yes Bank crisis: ED summons Subhash Chandra, Naresh Goyal, Sameer Gehlaut, other top corporate honchos for questioning this week

The Enforcement Directorate (ED) has summoned top corporate honchos, including Essel Group promoter Subhash Chandra, Jet Airways founder Naresh Goyal and Indiabulls chairman Sameer Gehlaut, to appear before it this week in connection with its money laundering probe against Yes Bank promoter Rana Kapoor and others, officials said on Monday

Jet Airways founder Naresh Goyal booked in money-laundering case; residence raided, statement recorded
Business

Jet Airways founder Naresh Goyal booked in money-laundering case; residence raided, statement recorded

Last year, the ED had registered an offence against Goyal and his wife in connection with FEMA (Foreign Exchange Manipulation Act) violations.

Hinduja Group still interested in Jet Airways after approach by govt, banks; resolution professional invites fresh EoI for defunct airline
Business

Hinduja Group still interested in Jet Airways after approach by govt, banks; resolution professional invites fresh EoI for defunct airline

Earlier in June, the Hinduja Group had backed out of bidding for the Naresh Goyal-owned airline as they felt it was too risky for them to get involved due to the then ongoing government investigations and the insolvency pleas submitted by operational creditors at the NCLT,

Jet Airways crisis: Naresh Goyal, debt-laden airline come under SFIO investigation for fund diversion
Business

Jet Airways crisis: Naresh Goyal, debt-laden airline come under SFIO investigation for fund diversion

In July this year, the government had ordered an investigation into the alleged mismanagement of funds at Jet Airways, which halted operations in April this year after running out of cash.

Mistrust between govt, businesses growing on frequent raids, searches; high-interest rate regime a challenge: Ajay Piramal
Business

Mistrust between govt, businesses growing on frequent raids, searches; high-interest rate regime a challenge: Ajay Piramal

Piramal chose to make the concerns public at the World Hindu Economic Forum which began in the financial capital.

Jet Airways stake sale: Will grounded airline be left with just one bidder? Russian fund Treasury RA Creator may be disqualified, says report
Business

Jet Airways stake sale: Will grounded airline be left with just one bidder? Russian fund Treasury RA Creator may be disqualified, says report

Russian fund Treasury RA Creator did not provide enough information about itself to Jet Airways’ insolvency resolution professional

Enforcement Directorate questions Jet Airways founder Naresh Goyal in foreign exchange violation case
Business

Enforcement Directorate questions Jet Airways founder Naresh Goyal in foreign exchange violation case

The Enforcement Directorate (ED) questioned Jet Airways founder Naresh Goyal on Friday in a case of an alleged contravention of the foreign exchange law, officials said

Jet Airways stake sale: Lenders of bankrupt airline give third extension for EoI to 31 Aug
Business

Jet Airways stake sale: Lenders of bankrupt airline give third extension for EoI to 31 Aug

The bankruptcy court had on 20 June appointed Ashish Chhawchharia as RP, who late last month had floated EoIs for Jet Airways that stopped flying mid-April.

ED searches Jet Airways founder Naresh Goyal's premises in Delhi, Mumbai in connection with violation of FEMA
Business

ED searches Jet Airways founder Naresh Goyal's premises in Delhi, Mumbai in connection with violation of FEMA

ED conducted searches at the premises of Jet Airways founder Naresh Goyal in connection with a case of an alleged contravention of the foreign exchange law

Days after submitting EoI for Jet Airways, Vedanta's Anil Agarwal says not interested in debt-laden airline
Business

Days after submitting EoI for Jet Airways, Vedanta's Anil Agarwal says not interested in debt-laden airline

In April, Etihad had presented a conditional expression of interest to reinvest in Jet Airways as a minority stakeholder, with a partner, but it did not materialise.

If Jet Airways founder Naresh Goyal wants to go abroad, he should first deposit Rs 18,000 cr as guarantee: Delhi HC
Business

If Jet Airways founder Naresh Goyal wants to go abroad, he should first deposit Rs 18,000 cr as guarantee: Delhi HC

He added that Goyal wanted to go to Dubai and London for the purpose of arranging funds for the Jet group which was facing financial crisis.

Delhi High Court to hear Jet Airways founder Naresh Goyal's petition that seeks to lift travel ban today
India

Delhi High Court to hear Jet Airways founder Naresh Goyal's petition that seeks to lift travel ban today

The Delhi High Court is scheduled to hear on Friday a petition filed by former Jet Airways chairman Naresh Goyal seeking quashing of the Look Out Circular (LOC) issued against him

Jet Airways crisis: Govt orders SFIO probe into alleged mismanagement of funds, summons Naresh Goyal for questioning
Business

Jet Airways crisis: Govt orders SFIO probe into alleged mismanagement of funds, summons Naresh Goyal for questioning

The SFIO order refers to alleged siphoning of funds and unspecified financial irregularities at Jet Airways

Jet Airways slips into memory as a loved brand after an inept SBI-led consortium forces carrier to crash-land onto bankruptcy court
Business

Jet Airways slips into memory as a loved brand after an inept SBI-led consortium forces carrier to crash-land onto bankruptcy court

The banks have been as clueless about their approach towards Jet Airways as the cash-strapped airline has been since it defaulted on its loans

Jet Airways crisis: SBI-led consortium gives up revival bid, votes for bankruptcy court to recover Rs 8,000 cr dues
Business

Jet Airways crisis: SBI-led consortium gives up revival bid, votes for bankruptcy court to recover Rs 8,000 cr dues

The Etihad-Hinduja consortium had reportedly shown interest in Jet Airways but not given a concrete proposal yet, forcing the lenders to take the NCLT plunge

Jet Airways revival: Hinduja Group puts conditions, seeks assurance from govt before finalising investment in grounded airline
Business

Jet Airways revival: Hinduja Group puts conditions, seeks assurance from govt before finalising investment in grounded airline

Last month, there were reports that Hinduja Group was planning to initiate the bidding process for Jet Airways reviving hopes of fresh life to the debt-laden airline.

Jet Airways crisis: SBI Chairman Rajnish Kumar to meet aviation secretary today to review status of resolution plan
Business

Jet Airways crisis: SBI Chairman Rajnish Kumar to meet aviation secretary today to review status of resolution plan

The grounding of Jet Airways has also impacted the aviation industry's capacity by as much as about 14 percent