The stock has fallen from Rs 1382.75 to Rs 36. The stock has fallen 10 per cent in one month, 13 per cent in three months, 40 per cent in one year and 70 per cent in three years.

This company is Jet Airways. Experts are asking to be careful about the stock. Be careful while buying the stock, as the shares may be suspended. Shares of Jet Airways Limited hit a lower circuit of 5% today, and the stock has declined 40% year-to-date, but that does not mean it is a chance to buy. Investors should be careful about buying shares of the defunct airline, as they may soon be suspended by the national stock exchanges.

Jet Airways will never start again. On Thursday, 7 November, the Supreme Court ordered the liquidation of Jet Airways. Liquidation means seizing the assets of a company and using the money received from selling them to pay off its debts and liabilities. In this order, the court overturned the decision of the National Company Law Appellate Tribunal (NCLAT). In March, NCLAT had given the decision to give the ownership of Jet Airways to Jalan-Kalrock Consortium (JKC) under the resolution plan (to rescue the airline from crisis).

Due to the financial crisis, Jet Airways' operations have been closed since 2019. At that time, the airline owed several banks a loan of Rs 4783 crore. The highest loan was given by State Bank of India. After the airline went into losses, the banks started bankruptcy proceedings. Under the resolution plan, JKC was to get the ownership rights. The banks had appealed against this in the Supreme Court.

Supreme Court said - Decision in the interest of lenders and employees Supreme Court said in its decision that liquidation would be in the interest of its lenders and employees, as Jalan-Kalrock Consortium has failed to implement the resolution plan even after 5 years of approval. The court used its extraordinary powers under Article 142 of the Constitution to order the liquidation of Jet Airways in view of the 'strange and worrying' situation. According to the resolution plan, Jalan-Kalrock Consortium had to pay Rs 4783 crore. Rs 350 crore was to be paid in the first installment, in which the consortium was able to pay only Rs 200 crore. A bench of Chief Justice DY Chandrachud, Justice JB Pardiwala and Justice Manoj Mishra has ordered NCLAT, Mumbai to appoint a liquidator.