Jet Airways Bankruptcy Hearing From Wednesday; Founder Naresh Goyal 'Deeply Distressed'

The consortium of 26 bankers led by State Bank on Tuesday took the grounded Jet Airways to the National Company Law Tribunal to recover their dues of over Rs 8,500 crore. The tribunal will hear the matter on Wednesday. Jet Airways, started over 25 years ago by airline-ticketing-agent-turned-entrepreneur Naresh Goyal, stopped flying on April 17 after it ran out of cash and the unpaid lessors took away most of its 100-odd operational a...