[Aparna Ravi is a Partner and K J Chendhil Kumar an Associate at S&R Associates, Advocates] On November 7, 2024, the Supreme Court of India in its judgment in State Bank of India v. The Consortium of Mr. Murari Lal Jalan and Mr. Florian Fritsch, directed the liquidation of Jet Airways (India) Limited, bringing an end to the five-year long saga of efforts to revive the beleaguered airline. Jet...
India’s Commitment to the Cape Town Convention: A Recent MCA Notification
[Tanay Dubey is a third year B.A., LL.B. (Hons.) student at National Law University Odisha] Through a notification dated 3 October 2023, the Ministry of Corporate Affairs (MCA) exempted transactions, arrangements, or agreements relating to aircraft, aircraft engines, airframes and helicopters from the application of the moratorium clause under section 14(1) of the Insolvency and Bankruptcy Code...
Rise of Low Cost Carriers: Reexploring the Traditional Market Definition
[Akshat Kothari is a 3rd year law student at Institute of Law, Nirma University] The Indian aviation industry is attracting customers by offering affordable services. However, the industry arguably suffers from its oligopolistic nature, since 90.5% of the market share vests with only few players. The interdependence in oligopoly allows the firms to operate in combinations and it gives rise to...
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