Wednesday, August 28, 2024

BANKING

The National Company Law Appellate Tribunal has asked IL&FS to justify extending its protection from legal proceedings, which currently expires on October 15. NCLAT dismissed claims from Sadbhav Engineering and GKC Projects but demanded reasons for continued protection. If lifted, the order could impact 70 unresolved IL&FS entities under the IBC.

from Banking/Finance-Industry-Economic Times https://ift.tt/mbnaYDx
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