The National Company Law Appellate Tribunal (NCLAT) on Monday allowed 22 companies placed under the “green” category by the new board of Infrastructure Leasing & Financial Services (IL&FS) and the government to start servicing routine debt obligations, according to schedule.
These debt obligations will be done within the resolution framework under the supervision of retired Supreme Court judge Justice D K Jain, a two-member Bench headed by Justice S J Mukhopadhaya of the NCLAT said.
