AME QUESTION PAPER
  • Home
  • AME
    • DGCA QUESTION PAPER & NOTES
    • MOCK TEST
    • AME REFERENCE BOOKS
    • EASA QUESTION PAPER & NOTES
  • RTR
  • Jobs
  • News
    Spicejet flight lands safely in Delhi after smoke in cabin at 5,000 feet

    Spicejet flight lands safely in Delhi after smoke in cabin at 5,000 feet

    Mangaluru-Delhi direct flight begins operations

    Mangaluru-Delhi direct flight begins operations

    Airports Authority of India inks pact with UP government to operate 5 airports

    Airports Authority of India inks pact with UP government to operate 5 airports

    Air India threatens to end contract with ground handling unit

    Air India threatens to end contract with ground handling unit

    IndiGo, Turkish Airlines resume codeshare partnership

    IndiGo, Turkish Airlines resume codeshare partnership

    Delhi top Asian hub for private aviation in 2021: Report

    Delhi top Asian hub for private aviation in 2021: Report

    Indigo to operate additional flights on three routes from July 1

    Indigo to operate additional flights on three routes from July 1

    Jet Airways in talks with aircraft makers, lessors to lease 6-8 planes by December

    Jet Airways in talks with aircraft makers, lessors to lease 6-8 planes by December

    Delhi Airport’s Terminal 2 begins full-body scanner trials from June 28

    Delhi Airport’s Terminal 2 begins full-body scanner trials from June 28

  • Blogs
  • Login
  • Register
No Result
View All Result
  • Home
  • AME
    • DGCA QUESTION PAPER & NOTES
    • MOCK TEST
    • AME REFERENCE BOOKS
    • EASA QUESTION PAPER & NOTES
  • RTR
  • Jobs
  • News
    Spicejet flight lands safely in Delhi after smoke in cabin at 5,000 feet

    Spicejet flight lands safely in Delhi after smoke in cabin at 5,000 feet

    Mangaluru-Delhi direct flight begins operations

    Mangaluru-Delhi direct flight begins operations

    Airports Authority of India inks pact with UP government to operate 5 airports

    Airports Authority of India inks pact with UP government to operate 5 airports

    Air India threatens to end contract with ground handling unit

    Air India threatens to end contract with ground handling unit

    IndiGo, Turkish Airlines resume codeshare partnership

    IndiGo, Turkish Airlines resume codeshare partnership

    Delhi top Asian hub for private aviation in 2021: Report

    Delhi top Asian hub for private aviation in 2021: Report

    Indigo to operate additional flights on three routes from July 1

    Indigo to operate additional flights on three routes from July 1

    Jet Airways in talks with aircraft makers, lessors to lease 6-8 planes by December

    Jet Airways in talks with aircraft makers, lessors to lease 6-8 planes by December

    Delhi Airport’s Terminal 2 begins full-body scanner trials from June 28

    Delhi Airport’s Terminal 2 begins full-body scanner trials from June 28

  • Blogs
No Result
View All Result
AME QUESTION PAPER
  • Home
  • AME
  • RTR
  • Jobs
  • News
  • Blogs
Home NEWS

Naresh Goyal moves court to contest ‘fraud account’ tag by SBI

AsitbyAsit
June 8, 2022
in NEWS
106
VIEWS

Naresh Goyal and his wife Anita Goyal, the original promoters of Jet Airways, have moved court, challenging a decision by the country’s largest lender State Bank of India (SBI) to club them with the airline they founded in the list of ‘fraud accounts’.

While the Goyals were neither guarantors nor direct borrowers, including them in the ‘fraud’ list could trigger criminal proceedings and put them under the lens of government investigative agencies.

The Goyals have filed separate writ petitions before the Bombay High Court on the grounds that they were neither served show-cause notice nor heard by the bank. The law firm Naik Naik & Co is representing the Goyals.

The Goyals have filed separate writ petitions before the Bombay High Court on the grounds that they were neither served show-cause notice nor heard by the bank. The law firm Naik Naik & Co is representing the Goyals.

The matter is expected to come up for hearing this week.

SBI has the largest exposure to Jet Airways which now has a new set of investors whose resolution plan for the debt-laden airline was approved by the bankruptcy court last year.

The legal tussle with SBI is brewing at a point when some banks, under a separate proceeding, are preparing to take a final call on classifying the Goyals as ‘wilful defaulters’. According to Reserve Bank of India’s master directions on classification and reporting of frauds, “…the penal provisions as applicable to wilful defaulters would apply to the fraudulent borrower including the promoter director(s) and other whole-time directors of the company insofar as raising of funds from the banking system or from the capital markets by companies with which they are associated is concerned, etc.”

 

 

Related Posts

Spicejet flight lands safely in Delhi after smoke in cabin at 5,000 feet
NEWS

Spicejet flight lands safely in Delhi after smoke in cabin at 5,000 feet

July 3, 2022
Mangaluru-Delhi direct flight begins operations
NEWS

Mangaluru-Delhi direct flight begins operations

July 2, 2022
Airports Authority of India inks pact with UP government to operate 5 airports
NEWS

Airports Authority of India inks pact with UP government to operate 5 airports

July 2, 2022
Air India threatens to end contract with ground handling unit
NEWS

Air India threatens to end contract with ground handling unit

July 2, 2022
Load More

Website Total Visitor

405690

Connect with us Social Media

Instagram Telegram Facebook-f Linkedin Twitter

Copyright 2017-2022 © All rights Reserved. Design by AME QUESTION PAPER ❤

No Result
View All Result
  • Home
  • AME
    • DGCA QUESTION PAPER & NOTES
    • MOCK TEST
    • AME REFERENCE BOOKS
    • EASA QUESTION PAPER & NOTES
  • RTR
  • Jobs
  • News
  • Blogs
  • Login
  • Sign Up

Copyright 2017-2022 © All rights Reserved. Design by AME QUESTION PAPER ❤

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In