The Bombay High Court on Monday granted bail, on medical grounds, to Jet Airways founder Naresh Goyal in a money laundering case filed by the Enforcement Directorate.
The 75-year-old former Jet Airways chairman is suffering from cancer and has sought bail in the case to undergo treatment.
Goyal had earlier been granted “interim bail” on medical grounds which has now been made permanent.
The Enforcement Directorate (ED) arrested Goyal in September 2023 as he was accused in a case of siphoning out Rs 538.62 crore, which was given to Jet Airways as a loan by Canara Bank, and laundering the money for personal use.
The ED counsel had opposed the bail plea, arguing that Goyal could be admitted to a hospital of his choice to undergo treatment while still remaining in custody.
In May 2024, the Bombay High Court granted interim bail to Goyal for two months, which later extended another two months. Naresh Goyal's wife, Anita Goyal, was also arrested in November 2023 when the ED submitted a charge sheet in the case. A special court granted her bail the same day, citing her age and health condition. She died on May 16, 2024.
The Supreme Court, last week, ordered the liquidation of cash-strapped Jet Airways, saying that the resolution plan, approved five years ago, is no longer capable of implementation.
A Bench, headed by then CJI D.Y. Chandrachud, allowed the lenders' plea against the transfer of ownership of the grounded airline to Jalan Kalrock Consortium (JKC).
The Bench, also comprising Justices J.B. Pardiwala and Manoj, invoked its extraordinary powers under Article 142 of the Constitution "for doing complete justice" between the parties and ordered the appointment of a liquidator forthwith. Further, it ordered the forfeiture of Rs 200 crore infused by the JKC and directed lenders to invoke the Rs 150 crore Performance Bank Guarantee (PBG).
In the plea filed before the apex court, the Committee of Creditors (CoC), led by the State Bank of India, has said that the proposed revival plan was not in the best interest of lenders and questioned the National Company Law Appellate Tribunal (NCLAT) order upholding the resolution plan.
In January this year, the Supreme Court ordered JKC, the successful resolution professional bidder for the cash-strapped airline, to deposit Rs 150 crore in an escrow account jointly held by the State Bank of India and JKC. It had cautioned that legal consequences would follow if the JKC failed to furnish the bank guarantee.
Fall of Congress in Gujarat: Three decades of decline and struggle for relevance
The Congress party was once the dominant political force in Gujarat, shaping the state’s governance since independence. However, over the past 30 years, the party has witnessed a dramatic downfall, losing ground to the BJP’s aggressive electoral strategies, organisational strength, and ideological appeal.
‘Disempowering Muslims’: J&K political parties oppose Waqf (Amendment) Bill
All political parties of J&K, except the BJP, opposed the Waqf (Amendment) Bill, saying that the Bill is intended to disempower Muslims and only target one religion.
Radical group founder wanted in Jaipur serial blast plot apprehended in Ratlam
The Madhya Pradesh Police in Ratlam achieved a significant breakthrough in apprehending Firoz, also known as Sabji, a fugitive implicated in a conspiracy to execute serial blasts aimed at creating panic and terrorising the Rajasthan capital city of Jaipur.
Amit Shah & Akhilesh Yadav’s lighter exchange in LS over party president
Amid the uproar and heated debate between the ruling party and the Opposition over the Waqf Amendment Bill on Wednesday, the Lok Sabha witnessed some lighter moments between Home Minister Amit Shah and SP President Akhilesh Yadav.
Waqf Bill weakens Constitution, defames minorities, divides society: Gaurav Gogoi
As Parliament debated the contentious Waqf Amendment Bill, 2025, on Wednesday, deputy leader of Opposition in the Lok Sabha Gaurav Gogoi came down heavily on the government.
Bill not linked to religion, it’s prospective and not retrospective: Kiren Rijiju flays naysayers
Union Minister for Minority Affairs Kiren Rijiju on Wednesday tore into the Opposition for ‘spreading falsehood’ over the Waqf Amendment Bill and urged the ‘doubters and naysayers’ to refrain from misleading the people on the proposed reforms.
Parliament was being claimed as Waqf property: Rijiju slams UPA for making provisions 'overriding' other laws
Parliamentary Affairs Minister Kiren Rijiju on Wednesday bashed the previous UPA government for de-notifying 123 properties and handing them over to the Delhi Waqf Board.
Bhopal’s Muslims burst firecrackers in support of Waqf (Amendment) Bill
A large number of Muslims in Madhya Pradesh's capital, Bhopal, burst firecrackers on Wednesday to express their support for the Waqf (Amendment) Bill, which was presented in the Lok Sabha earlier in the day.