Jet saga: All board members are equally liable for the crisis, say lawyers

With several independent directors quitting Jet Airways just before the airline shut its operations, corporate lawyers said all board members are equally liable for the crisis. 

This is because they failed to put a proper risk management system in place.

In the last one year, the airline’s independent directors – Vikram Mehta, Rajshree Pathy, and Ranjan Mathai – have resigned from the board, citing either lack of time or not giving any specific reason. 

Mehta, according to the annual report of Jet Airways, was heading the risk management committee of the airline which did not meet a single time in