Accounts of IL&FS, group firms cannot be declared NPA without NCLAT nod

No bank or financial institution can declare the accounts of debt-ridden IL&FS and its group companies as non-performing assets (NPAs) without NCLAT’s permission, the appellate tribunal said on Monday. A two-member National Company Law Appellate Tribunal (NCLAT) bench, headed by Chairman Justice S J Mukhopadhaya, said this is done in the interest of IL&FS debt […]

Minister lays foundation stones of NH worth Rs 4,500 cr

Union Minister of Shipping, Road, Transport and Highways, Water Resources, River Development and Ganga Rejuvenation Nitin Gadkari on Sunday laid foundation stones of various national highway projects worth Rs 4459.24 crore for Himachal. Chief Minister Jai Ram Thakur was also present on the occasion at the foundation stone laying ceremony held at Gaggal in Kangra […]