An Indian court has denied Naresh Goyal, founder of India’s once largest airline by market value, permission to fly overseas after the government told the court a $2.6bn fraud investigation involving Jet Airways India is underway. A Fin24 report notes that the Delhi High Court expressed apprehension Goyal may not return like others facing allegations of fraud. ‘I won’t name, but some people are sitting outside the country, and India is not able to bring them back,’ Kait said. The court sought government’s written response and said it would hear the case again on 23 August. Jet Airways owes at least $1.1bn to banks, and is undergoing bankruptcy resolution after it defaulted on loans that were due by 31 December. The carrier is a casualty of a cut-throat price war in India’s tough aviation market seven years after Vijay Mallya’s Kingfisher Airlines shut down. In 2013, a chartered Jet Airways Airbus A330-200 landed at Waterkloof Air Force Base with several hundred guests set to attend the Gupta family wedding at Sun City.