JET AIRWAYS FOUNDER
Jet Airways founder Naresh Goyal moves HC seeking extension of interim medical bail
Jet Airways founder Naresh Goyal, facing charges in a money laundering case, seeks extension of medical bail after his wife's passing. Mumbai High Court to review plea citing poor health. Goyal's legal team to present application before the same judge who granted initial bail. Wife Anita Goyal previously arrested.
Delhi HC sets aside order upholding arbitral award in favour of Kalanithi Maran and against SpiceJet
The Delhi High Court on Friday overturned a ruling that upheld an arbitral award favoring Kalanithi Maran against SpiceJet. Maran sought a refund of Rs 579 crore with interest from SpiceJet in a share transfer dispute dating back to January 2015. Shares of SpiceJet surged 6.5% post the court's decision.
Vijay Mallya condolles 'fordimable competitor' Anita Goyal's death, remembers Jet Airways founder's wife as a 'lovely human being'
Anita Goyal, wife of Jet Airways founder Naresh Goyal, passed away after battling cancer. Vijay Mallya expressed condolences, acknowledging her role in Jet Airways amidst ongoing investigations into the airline's financial dealings. Naresh Goyal's legal challenges were also referenced, with his recent bail granted in a money laundering case. Vijay Mallya's own legal situation, stemming from Kingfisher Airlines' financial troubles, remains unresolved as extradition efforts continue.
Jet Airways founder Naresh Goyal's wife Anita Goyal passes away
From 2015, Anita Goyal became non-executive vice president of Jet Airways but remained part of the board of directors. Last week, the Bombay High Court on Monday granted interim bail for two months on medical grounds to Jet Airways founder Naresh Goyal, who has been arrested by the Enforcement Directorate (ED) in a money laundering case.
Jet Airways founder Naresh Goyal granted 2 months' interim bail in money laundering case
The Bombay High Court granted Jet Airways' founder Naresh Goyal two months' interim bail in a money laundering probe, citing medical grounds due to his and his wife Anita Goyal's cancer conditions. The Enforcement Directorate opposed, suggesting hospital extension. Earlier, Goyal's bail plea was rejected, leading to his and his wife's arrests in September and November 2023 respectively.
ED opposes interim bail to Jet Airways founder Naresh Goyal; HC to pass order on May 6
A special court had in February refused bail to Goyal but permitted him to be admitted to a private hospital of his choice and seek medical treatment.
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Money laundering case: Jet Airways founder Naresh Goyal moves HC to seek bail on medical grounds
Jet Airways founder Naresh Goyal seeks bail in a money laundering case citing terminal cancer for both him and his wife. Goyal claims severe depression and the need to care for his ailing wife. He asserts innocence, stating funds were used legitimately. The court will hear the plea on May 3.
Go First: Busy Bee Airways says to evaluate position after reviewing court order
On Friday, the court directed the Directorate General of Civil Aviation (DGCA) to forthwith process the applications filed by several lessors for deregistration of their 54 planes so that they could take them back from the crisis-hit Go First airline. In a post on X, saying it is on behalf of Busy Bee Airways, Pitti said, "We will review the details of the order once we receive the official document".
Bail not likely to improve Naresh Goyal's health, he is getting best possible treatment: court ruling
Special judge for cases under Prevention of Money Laundering Act (PMLA), M G Deshpande, on April 10 rejected the 74-year-old businessman's bail application, filed on the ground that he suffers from numerous life-threatening medical conditions. The court had, in February 2024, denied interim bail to Goyal when he sought relief on the ground that he was suffering from cancer. It, however, permitted him to undergo treatment at a hospital of his choice.
PMLA court denies medical bail to Naresh Goyal
Naresh Goyal denied medical bail by Mumbai PMLA court due to malignancy. Arrested for siphoning Canara Bank loans. ED's complaint involves advance payments, investments, and funds diversion to subsidiaries.
Court denies bail to Jet Airways founder Naresh Goyal on health grounds
Jet Airways founder Naresh Goyal is undergoing treatment at the private-run Sir H N Reliance hospital here for last two months. The court had in February denied interim bail to Goyal, but allowed him to undergo treatment at a hospital of his choice.
PMLA court rejects Jet Airways founder Naresh Goyal's interim bail, allows him 2-month hospitalisation for cancer treatment
Jet Airways founder Naresh Goyal has been denied interim bail in the money laundering case. He can undergo a two-month cancer treatment. The case involves Rs 538.62 crore and former executives' alleged involvement. Tests revealed malignancy, requiring aggressive surgery and chemotherapy.
Jet Airways boss Naresh Goyal diagnosed with ‘malignant growths’ seeks 6-month bail
The business baron was arrested in September 2023, after the ED (Enforcement Directorate) found that he had embezzled money and siphoned off loans worth Rs 538 crore from Canara Bank.
Naresh Goyal's reports suggest malignancy, further testing needed: Medical Board
The Enforcement Directorate (ED), which has arrested the businessman in a money laundering case, opposed his interim bail application on health grounds and suggested he could be treated at the city-based Tata Memorial Hospital. Goyal, 74, moved the court on February 15, saying he required special treatment as tests conducted by private doctors showed that he had small tumors in his intestine.
PMLA: Jet Airways founder Naresh Goyal seeks interim bail to treat 'slow growing cancer'
Jet Airways founder Naresh Goyal, facing charges in a money laundering case, has filed a plea for interim bail citing the need for treatment of malignancy detected during tests by private doctors. The court ordered the formation of a medical board to review Goyal's medical reports, as the Enforcement Directorate (ED) sought time to respond. Goyal's medical records indicate the presence of small tumours in his intestine, hiatus hernia, and Barrett's esophagus.
Delhi HC asks SpiceJet to pay Rs 50 cr to KAL Airways in 6 weeks
SpiceJet ordered by Delhi High Court to pay Rs 50 crore to KAL Airways within six weeks in a case related to an arbitration award won by Kalanithi Maran and KAL Airways. The payment is subject to the outcome of an appeal by SpiceJet challenging the interest amount, the HC said.
Court allows Jet founder Goyal to undergo colonoscopy at private hospital
Jet Airways founder Naresh Goyal, arrested in a money laundering case linked to an alleged Rs 538 crore fraud at Canara Bank, has been permitted by a special court to undergo gastro and colonoscopy procedure at a private hospital in Mumbai. Goyal, who is lodged in Arthur Road jail, sought to be taken to the hospital on January 26. The 74-year-old businessman was arrested by the ED in September 2023 for allegedly laundering money and siphoning off loans given to Jet Airways by Canara Bank, as per the CBI's FIR.
Money laundering: Jet founder Goyal seeks court nod to undergo endoscopy at private hospital
Naresh Goyal, the founder of Jet Airways, who is currently in jail for a money laundering case linked to an alleged bank loan fraud, has requested permission from a special court to undergo an endoscopy procedure at a private hospital in Mumbai. The 74-year-old businessman has already been granted permission to undergo various medical tests. Goyal, who was arrested by the Enforcement Directorate (ED) in September 2023, is accused of laundering money and siphoning off loans given to Jet Airways by Canara Bank. The case is based on an FIR filed by the Central Bureau of Investigation (CBI) against Jet Airways, Goyal, his wife Anita, and some former executives of the airline.
Lost every hope of life, better to die in jail: Jet Airways founder Naresh Goyal to court with folded hands
The court directed his lawyers to take appropriate steps concerning his health. In his bail plea filed last month, Goyal cited multiple medical ailments like heart condition, prostate and orthopaedic issues and claimed there were reasonable grounds to believe that "he is not guilty". The ED has filed a response to his bail plea and the matter will be further heard on January 16.
The scrap heap of billionaires’ failed airlines is poised for another entry from India
Jindal Power Ltd. — Go’s sole potential buyer under its insolvency resolution process — has decided not to bid. Local media reported that Jindal couldn’t assess Go’s value because it is unclear how many planes it will have, after the aviation regulator signaled its aircraft should be returned to lessors.
Jet Airways founder Goyal seeks bail in bank fraud case, says ED allegations against him false
Jet Airways founder Naresh Goyal, accused of a fraud of Rs 538 crore at Canara Bank, has moved an application for bail in a special court. The court has requested the Enforcement Directorate to respond to Goyal's plea by December 20. Goyal, who is in jail for nearly three months, has cited multiple health ailments and claims he is not guilty.
HC dismisses Jet Airways founder Naresh Goyal's plea against 'illegal' arrest by ED
The Bombay High Court dismissed Jet Airways founder Naresh Goyal's petition challenging his arrest by the Enforcement Directorate in a money laundering case linked to bank loan default. The court deemed the petition inadmissible and suggested pursuing other statutory remedies such as a bail plea.
Jet Airways Case: ED attaches Rs 538 crore assets in India, abroad
The ED, in its prosecution complaint against Jet Airways founder Naresh Goyal and others, on Wednesday said it has provisionally attached properties worth ₹538.05 crore in the case, including residential and commercial properties in the names of several companies and people such as Jetair Pvt Ltd, Jet Enterprises Pvt Ltd, Goyal, his wife Anita and son Nivaan, in London, Dubai and various parts of India.
HC asks ED to file affidavit on Jet founder Naresh Goyal's plea challenging his arrest for 'fraud'
The Bombay High Court has directed the Enforcement Directorate (ED) to file its affidavit in response to Jet Airways founder Naresh Goyal's plea challenging his "illegal" arrest in a money laundering case. Goyal claimed that his arrest was done without following provisions of the Prevention of Money Laundering Act and also challenged the orders of a special court.
PMLA court sends Jet Airways founder Naresh Goyal to 14 days judicial custody
Jet Airways founder Naresh Goyal has been sent to judicial custody for 14 days by a special PMLA court in Mumbai. Goyal was arrested on September 1 for allegedly defrauding Canara Bank of Rs 538 crore. The Enforcement Directorate had sought custody of Goyal under the Prevention of Money Laundering Act. Goyal, his wife, and others were named as accused in the FIR filed by the CBI.
How Jet Airways founder Naresh Goyal built a successful airline and then sank it
Naresh Goyal, the founder of Jet Airways, has been arrested by the Enforcement Directorate in connection with a money-laundering case. Goyal, who once led India's largest domestic airline, faced financial problems after acquiring rival Air Sahara in 2007 and making costly mistakes in fleet configuration. Jet Airways ultimately suspended all flights in April 2019 due to a lack of funds. Goyal's arrest marks a significant downfall for a man who was once highly successful in the aviation industry.
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