Accounts of ILFS, group cos cannot be declared NPA without NCLAT nod
A two-member National Company Law Appellate Tribunal (NCLAT) bench, headed by Chairman Justice S J Mukhopadhaya, said that this is done in the interest of ILFS debt resolution plan.
from Moneycontrol Latest News https://www.moneycontrol.com/news/business/accountsilfs-group-cos-cannot-be-declared-npa-without-nclat-nod_12181841.html
from Moneycontrol Latest News https://www.moneycontrol.com/news/business/accountsilfs-group-cos-cannot-be-declared-npa-without-nclat-nod_12181841.html