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Business Headlines: Fate of Jet finally sealed; Bankruptcy, shares tank 41%


The fate of Naresh Goyal founded Jet Airways was sealed in a meeting of creditors on Monday afternoon. A consortium of lenders led by SBI have finally given up on their rescue efforts after being unable to find a buyer and have decided to refer it to bankruptcy court for insolvency proceedings. The trouble brewing at Anil Ambani group companies has hit crisis levels in the last couple of weeks. We give an overview of the events that have crippled Reliance Power and Infrastructure this week. #JetAirways #NareshGoyal #AnilAmbani

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