Govt moves NCLT seeking immunity for IL&FS board members
The government on Monday filed an application with the National Company Law Tribunal (NCLT) here, seeking immunity for newly-appointed directors of the crippled IL&FS group from any future adverse outcomes.
The Corporate Affairs Ministry has moved the Mumbai NCLT seeking protection for these directors from any future adverse proceedings as a precautionary measure.
Meanwhile, IL&FS has also filed an application seeking dispensation from appointing independent director on the group companies.
A two-member NCLT bench of V.P. Singh and Ravikumar Duraisamy scheduled both the matters for detailed hearing on April 12.
