{"id":261262,"date":"2019-02-26T07:12:17","date_gmt":"2019-02-26T07:12:17","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=261262"},"modified":"2019-02-26T07:24:11","modified_gmt":"2019-02-26T07:24:11","slug":"no-npa-tag-for-ilfs-accounts-without-our-nod-says-nclat","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/no-npa-tag-for-ilfs-accounts-without-our-nod-says-nclat\/","title":{"rendered":"No NPA tag for IL&amp;FS accounts without our nod, says NCLAT"},"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 without the NCLAT\u2019s permission, the appellate tribunal said 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 the IL&amp;FS debt resolution plan.<\/p>\n<p>\u201cNo IL&amp;FS or its subsidiaries\u2019 account to be declared an NPA by any financial institution without approval from the NCLAT,\u201d the appellate tribunal said. The tribunal\u2019s direction came during the hearing over the government\u2019s 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 without the NCLAT\u2019s permission, the appellate tribunal said 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 the IL&amp;FS debt resolution plan. \u201cNo IL&amp;FS or its subsidiaries\u2019 account to be declared an NPA by any financial institution without approval from the NCLAT,\u201d the appellate tribunal said. The tribunal\u2019s direction came during the hearing over the government\u2019s 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":[130],"tags":[],"class_list":["post-261262","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/261262","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=261262"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/261262\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=261262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=261262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=261262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}