Jet Airways Founder Naresh Goyal Denied Bail on Health Grounds
AVIATION & AIRPORTS

Jet Airways Founder Naresh Goyal Denied Bail on Health Grounds

Naresh Goyal, the founder of Jet Airways, has been denied bail by the court on grounds of health. The decision comes amidst ongoing legal proceedings against Goyal, who faces charges related to financial irregularities and money laundering.

Despite Goyal's plea citing health concerns, the court ruled against granting bail, highlighting the seriousness of the allegations and the need for legal proceedings to proceed unhindered. Goyal's health condition will continue to be monitored while he remains in custody.

The denial of bail underscores the gravity of the charges against Goyal and the court's commitment to ensuring due process in the legal proceedings. The case against Goyal has garnered significant attention due to its implications for corporate governance and financial transparency in the aviation sector.

Goyal's legal troubles coincide with the turbulent times faced by Jet Airways, once one of India's largest airlines, which ceased operations in April 2019 due to financial difficulties. The ongoing legal saga surrounding Goyal adds to the complexities surrounding the airline's downfall and the challenges faced by the aviation industry.

As legal proceedings against Goyal continue, stakeholders closely monitor developments, anticipating potential ramifications for corporate governance standards and investor confidence in the aviation sector. The denial of bail underscores the seriousness of the allegations and the need for a thorough and transparent legal process to address them.

Naresh Goyal, the founder of Jet Airways, has been denied bail by the court on grounds of health. The decision comes amidst ongoing legal proceedings against Goyal, who faces charges related to financial irregularities and money laundering. Despite Goyal's plea citing health concerns, the court ruled against granting bail, highlighting the seriousness of the allegations and the need for legal proceedings to proceed unhindered. Goyal's health condition will continue to be monitored while he remains in custody. The denial of bail underscores the gravity of the charges against Goyal and the court's commitment to ensuring due process in the legal proceedings. The case against Goyal has garnered significant attention due to its implications for corporate governance and financial transparency in the aviation sector. Goyal's legal troubles coincide with the turbulent times faced by Jet Airways, once one of India's largest airlines, which ceased operations in April 2019 due to financial difficulties. The ongoing legal saga surrounding Goyal adds to the complexities surrounding the airline's downfall and the challenges faced by the aviation industry. As legal proceedings against Goyal continue, stakeholders closely monitor developments, anticipating potential ramifications for corporate governance standards and investor confidence in the aviation sector. The denial of bail underscores the seriousness of the allegations and the need for a thorough and transparent legal process to address them.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?