Tag: Section 234: The Reciprocal Arrangement Requirement

Jet Airways, once India’s premier full-service airline, was a symbol of success in the aviation industry. However, by 2019, financial distress caused by mounting debts, increasing competition, and mismanagement had pushed the airline to the brink of collapse. This financial turmoil led to the grounding of Jet Airways, leaving thousands of employees, creditors, and passengers…