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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
Written By: IANS
Updated: Mon, Feb 25, 2019
05:16 pm
05:16 pm
New Delhi, IANS
Supertech plans to raise around Rs 300 crores to expedite construction at its ongoing projects
Implementation of Jet Airways resolution plan subject to outcome of order, says NCLAT
