{"id":261334,"date":"2019-02-27T04:54:55","date_gmt":"2019-02-27T04:54:55","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=261334"},"modified":"2019-02-27T05:03:52","modified_gmt":"2019-02-27T05:03:52","slug":"50-ilfs-assets-on-block-22-group-firms-servicing-loans-injeti-srinivas","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/50-ilfs-assets-on-block-22-group-firms-servicing-loans-injeti-srinivas\/","title":{"rendered":"50% IL&amp;FS assets on block, 22 group firms servicing loans: Injeti Srinivas"},"content":{"rendered":"<p>Fifty per cent of the assets of the beleagured IL&amp;FS group are on the block, corporate affairs secretary Injeti Srinivas said on Tuesday. Speaking on the sidelines of the CII-IBC conference, Srinivas said that out of the 100 IL&amp;FS companies that need classification based on the risk, all would be with high risk or medium risk profiles. About 22 entities of debt-ridden group are servicing their payment obligations.<\/p>\n<p>Srinivas justifies the recent ruling by the National Company Law Appellate Tribunal (NCLAT), saying that it is a one-off order, keeping in mind national interest.<\/p>\n<p>NCLAT on Monday had 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","protected":false},"excerpt":{"rendered":"<p>Fifty per cent of the assets of the beleagured IL&amp;FS group are on the block, corporate affairs secretary Injeti Srinivas said on Tuesday. Speaking on the sidelines of the CII-IBC conference, Srinivas said that out of the 100 IL&amp;FS companies that need classification based on the risk, all would be with high risk or medium risk profiles. About 22 entities of debt-ridden group are servicing their payment obligations. Srinivas justifies the recent ruling by the National Company Law Appellate Tribunal (NCLAT), saying that it is a one-off order, keeping in mind national interest. NCLAT on Monday had ruled that accounts [&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-261334","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\/261334","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=261334"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/261334\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=261334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=261334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=261334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}