{"id":261167,"date":"2019-02-26T04:48:42","date_gmt":"2019-02-26T04:48:42","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=261167"},"modified":"2019-02-26T04:59:52","modified_gmt":"2019-02-26T04:59:52","slug":"ilfs-subsidiaries-can-be-declared-npas-only-after-nod-says-nclat","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ilfs-subsidiaries-can-be-declared-npas-only-after-nod-says-nclat\/","title":{"rendered":"IL&amp;FS, subsidiaries can be declared NPAs only after nod, says NCLAT"},"content":{"rendered":"<p>The National Company Law Appellate Tribunal (NCLAT) on Monday ruled that accounts of Infrastructure Leasing &amp; Financial Services (IL&amp;FS) and its subsidiaries could not be classified as non-performing assets (NPAs) without approval from the tribunal. <\/p>\n<p>\u201cWithout going into the rival contention of the parties, we make it clear that due to non-payment of dues by the IL&amp;FS or its entities including the amber companies, no financial institution will declare the accounts as an NPA without prior permission of this appellate tribunal,\u201d a two-judge Bench led by Chairperson Justice S J Mukhopadhaya said. <\/p>\n<p>The Reserve Bank of India (RBI) had earlier told banks to declare some accounts of the group NPAs. Now, that directive will be on suspension.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Company Law Appellate Tribunal (NCLAT) on Monday ruled that accounts of Infrastructure Leasing &amp; Financial Services (IL&amp;FS) and its subsidiaries could not be classified as non-performing assets (NPAs) without approval from the tribunal. \u201cWithout going into the rival contention of the parties, we make it clear that due to non-payment of dues by the IL&amp;FS or its entities including the amber companies, no financial institution will declare the accounts as an NPA without prior permission of this appellate tribunal,\u201d a two-judge Bench led by Chairperson Justice S J Mukhopadhaya said. The Reserve Bank of India (RBI) had earlier [&hellip;]<\/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-261167","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\/261167","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=261167"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/261167\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=261167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=261167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=261167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}