{"id":275578,"date":"2019-05-22T04:48:54","date_gmt":"2019-05-22T04:48:54","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=275578"},"modified":"2019-05-22T04:48:54","modified_gmt":"2019-05-22T04:48:54","slug":"sale-of-business-verticals-most-feasible-option-says-new-ilfs-board","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sale-of-business-verticals-most-feasible-option-says-new-ilfs-board\/","title":{"rendered":"Sale of business verticals most feasible option, says new IL&amp;FS board"},"content":{"rendered":"<p>The newly appointed directors of Infrastructure Leasing &amp; Financial Services (IL&amp;FS) have decided that \u201can asset level resolution and the sale of business verticals comprising of a basket of companies and other entities\u201d is the most feasible option for the resolution of the company&#8217;s debt, the Ministry of Corporate Affairs (MCA) told the National Company Law Appellate Tribunal (NCLAT). The proposed resolution framework will be based on the principles of Insolvency and Bankruptcy Code (IBC), the ministry said. <\/p>\n<p>As a part of the resolution process, the sale of ten companies of the IL&amp;FS group, placed in the green category is already underway the MCA said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The newly appointed directors of Infrastructure Leasing &amp; Financial Services (IL&amp;FS) have decided that \u201can asset level resolution and the sale of business verticals comprising of a basket of companies and other entities\u201d is the most feasible option for the resolution of the company&#8217;s debt, the Ministry of Corporate Affairs (MCA) told the National Company Law Appellate Tribunal (NCLAT). The proposed resolution framework will be based on the principles of Insolvency and Bankruptcy Code (IBC), the ministry said. As a part of the resolution process, the sale of ten companies of the IL&amp;FS group, placed in the green category is [&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-275578","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\/275578","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=275578"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/275578\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=275578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=275578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=275578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}