Tuesday, July 09, 2019

Delhi high court refuses to allow Jet Airways founder Naresh Goyal to go abroad

New Delhi: If Naresh Goyal, founder of the cash-strapped Jet Airways, wants to go abroad, he should first deposit as guarantee Rs 18,000 crore his company owes to lenders, the Delhi high court observed on Tuesday while refusing to allow him to leave India.

The high court, however, sought the Centre's reply on his plea challenging a look out circular (LOC) issued against him.

No interim relief can be granted to Goyal at this stage, Justice Suresh Kait said. "If you are ready to deposit Rs 18,000 crore bank guarantee, you can go abroad" he observed.
The court was informed by the Centre that it was a serious fraud involving Rs 18,000 crore and the investigation was going on by the SFIO.

The court was hearing Goyal's plea challenging the LOC against him on the ground that as on May 25, when he was de-boarded from a flight to Dubai, no ECIR/FIR was registered against him.

Goyal said he came to know of the LOC on May 25 when he and his wife Anita were off-loaded from a flight to Dubai with an onward connection to London.
09/07/19 PTI/Times of India

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