{"id":261164,"date":"2019-02-26T04:49:58","date_gmt":"2019-02-26T04:49:58","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=261164"},"modified":"2019-02-26T04:58:22","modified_gmt":"2019-02-26T04:58:22","slug":"banks-cant-declare-accounts-of-debt-ridden-ilfs-as-npa-without-nclat-nod","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/banks-cant-declare-accounts-of-debt-ridden-ilfs-as-npa-without-nclat-nod\/","title":{"rendered":"Banks can&#8217;t declare accounts of debt-ridden IL&amp;FS as NPA without NCLAT nod"},"content":{"rendered":"<p>No bank or financial institution can declare the accounts of debt-ridden IL&amp;FS and its group companies as non-performing assets (NPAs) without NCLAT&#8217;s permission, the appellate tribunal said on Monday.<\/p>\n<p>A two-member National Company Law Appellate Tribunal (NCLAT) bench, headed by Chairman Justice S J Mukhopadhaya, said that this is done in the interest of IL&amp;FS debt resolution plan. <\/p>\n<p>&#8220;No IL&amp;FS or its subsidiaries&#8217; account to be declared NPA by any financial institution without approval from NCLAT,&#8221; the appellate tribunal said. <\/p>\n<p>The tribunal&#8217;s direction came during the hearing over the government&#8217;s plan for the resolution of IL&amp;FS group companies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>No bank or financial institution can declare the accounts of debt-ridden IL&amp;FS and its group companies as non-performing assets (NPAs) without NCLAT&#8217;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 that this is done in the interest of IL&amp;FS debt resolution plan. &#8220;No IL&amp;FS or its subsidiaries&#8217; account to be declared NPA by any financial institution without approval from NCLAT,&#8221; the appellate tribunal said. The tribunal&#8217;s direction came during the hearing over the government&#8217;s plan for the resolution of IL&amp;FS group companies.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,168],"tags":[],"class_list":["post-261164","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-roads-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/261164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=261164"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/261164\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=261164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=261164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=261164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}