Jet Airways founder Goyal cant go abroad

first_imgNew 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 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.last_img

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