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NCLT appoints liquidator for Jet Airways amid ongoing liquidation process
The National Company Law Tribunal has appointed Satish Kumar Gupta as the liquidator for Jet Airways, following a Supreme Court order for the airline's liquidation. The tribunal directed that the airline be liquidated under the Insolvency and Bankruptcy Code, with efforts to sell it as a going concern within 90 days. If unsuccessful, the liquidator will proceed according to the relevant liquidation regulations.