Delhi HC refuses to grant urgent relief to Jet Airways founder.

Delhi High Court on Tuesday refused to grant urgent relief to founder of Jet Airways Naresh Goyal, and sought response from the Centre on his plea to travel abroad.
The court was hearing Goyal’s petition which challenges the lookout circular (LOC) issued against him on the ground that as on May 25, when he was de-boarded from a flight to Dubai, no case was registered against him.
Senior counsel Maninder Singh, who appeared for Goyal, argued that when Goyal and his wife were de-boarded there was no material to show any attempt to evade the investigation and since they were non-resident Indians (NRI), they had to travel abroad from time to time. The counsel further argued that there has been a restriction on the fundamental right of the petitioner.
Justice Suresh Kait refused to grant any interim relief to Goyal and posted the matter for hearing on 23 August.
The circular against Goyal was issued by the corporate affairs ministry after it found several irregularities in the airline company, following which Goyal and his wife were offloaded from a flight to Dubai on 25 May.
Jet Airways suspended operations on 17 April due to severe cash crunch, while struggling with massive debt. The airline’s total liability, including unpaid salaries and vendor dues, is nearly Rs15,000 crore.
Lenders have failed to revive the airline, and the consortium, led by State Bank of India (SBI), sent Jet Airways to the bankruptcy court in June to recover their dues. On Thursday, the Ministry of Corporate Affairs (MCA) ordered the Serious Fraud and Investigations office (SFIO) to probe the airline and its group companies for alleged diversion of funds, indulging in malpractices and other financial irregularities.

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