Supreme Court Orders Liquidation of Jet Airways, Rejects PBG Adjustment in Insolvency Case (7 November 2024)
Supreme Court Orders Liquidation of Jet Airways, Rejects PBG Adjustment LEGAL ISSUE: Whether a Performance Bank Guarantee (PBG) can be adjusted against the first tranche payment in a resolution plan under the Insolvency and Bankruptcy Code (IBC), 2016. CASE TYPE: Corporate Insolvency Resolution Process (CIRP) Case Name: State Bank of India & Ors. vs. The […]