Latest News on Ilfs Resolution Process
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Ilfs Resolution Process - Total results - 2
May 03, 2019
Banks allowed to declare defaulting IL&FS, group companies accounts as NPAs, barred from recoveryThe NCLAT had in February prohibited banks from recognising any IL&FS group accounts as non-performing assets without first seeking approval from the tribunal.
Feb 26, 2019
Let green, amber and red classification guide IL&FS resolution, but how can banks be stopped from declaring outstandings as NPA?The declaration of NPA by banks is not likely to result in proceedings under the Insolvency and Bankruptcy Code (IBC) culminating in controlling interest in IL&FS changing hands because the NCLT is already seized of the matter