New Delhi: The NCLAT Wednesday asked IL&FS group companies, which are being upgraded to ‘green’ category, to start servicing their debts as per the payment schedule.
A two-member NCLAT bench headed by Chairman Justice S J Mukhopadhaya said the IL&FS board should allow the new entities, which are coming into ‘green’ list from ‘amber’ to pay their debts after getting their terms-sheet approved by the retired Supreme Court judge Justice D K Jain.
Justice Jain is supervising operations of the resolution process undertaken by debt-laden IL&FS.
