IL&FS accounts not to be declared NPAs, rules NCLAT
The order comes after the NCLAT on February 11 said that subsidiaries of IL&FS would be divided into three categories -- Green (companies that can meet all debt obligations), Amber (firms that can meet some debt obligations) and Red (companies that can't meet any debt obligations).
![IL&FS accounts not to be declared NPAs, rules NCLAT IL&FS accounts not to be declared NPAs, rules NCLAT](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2019/02/25/75827-ilfs.jpg?itok=ZiJR_L9V&c=4bafc212d2e00a4fc1a22a794c5b56b5)
A two-member bench headed by NCLAT Chairman Justice (Retd.) S.J. Mukhopadhyay was hearing an application moved by some of its lenders. Reuters