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).
A two-member bench headed by NCLAT Chairman Justice (Retd.) S.J. Mukhopadhyay was hearing an application moved by some of its lenders. Reuters