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IL&FS board rules out group-level resolution in progress report to NCLT

The government-nominated board of beleaguered Infrastructure Leasing & Financial Services (IL&FS) has effectively ruled out a resolution at the group level and is looking to pursue a business-specific plan. The board, in its second progress report submitted to the National Company Law Tribunal (NCLT), Mumbai, has listed the various steps being taken or planned to

IL&FS board rules out group-level resolution in progress report to NCLT

The government-nominated board of beleaguered Infrastructure Leasing & Financial Services (IL&FS) has effectively ruled out a resolution at the group level and is looking to pursue a business-specific plan. The board, in its second progress report submitted to the National Company Law Tribunal (NCLT), Mumbai, has listed the various steps being taken or planned to

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