{"id":261241,"date":"2019-02-26T06:29:38","date_gmt":"2019-02-26T06:29:38","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=261241"},"modified":"2019-02-26T06:42:08","modified_gmt":"2019-02-26T06:42:08","slug":"dont-classify-ilfs-accounts-as-npas-sans-nod-nclat","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/dont-classify-ilfs-accounts-as-npas-sans-nod-nclat\/","title":{"rendered":"Don\u2019t classify IL&amp;FS accounts as NPAs sans nod: NCLAT"},"content":{"rendered":"<p>New Delhi: An appeals bench dealing with bankruptcies said Monday that exposure to IL&amp;FS and its units can\u2019t be treated as a non-performing loan until the court itself declared such debt as bad, giving relief to high-street banks and funds that had advanced cash to the stressed infrastructure financier. <\/p>\n<p>\u201cNo account of the IL&amp;FS or its subsidiaries be declared NPA by any financial institution without approval from the National Company Law Appellate Tribunal,\u201d a two-judge NCLAT bench, led by Justice SJ Mukhopadhaya, said in its ruling on Monday. <\/p>\n<p>This has been done in the interest of the IL&amp;FS debt resolution plan, the NCLAT said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: An appeals bench dealing with bankruptcies said Monday that exposure to IL&amp;FS and its units can\u2019t be treated as a non-performing loan until the court itself declared such debt as bad, giving relief to high-street banks and funds that had advanced cash to the stressed infrastructure financier. \u201cNo account of the IL&amp;FS or its subsidiaries be declared NPA by any financial institution without approval from the National Company Law Appellate Tribunal,\u201d a two-judge NCLAT bench, led by Justice SJ Mukhopadhaya, said in its ruling on Monday. This has been done in the interest of the IL&amp;FS debt resolution [&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":[130,193,136],"tags":[],"class_list":["post-261241","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/261241","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=261241"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/261241\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=261241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=261241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=261241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}