{"id":286926,"date":"2019-08-09T06:29:09","date_gmt":"2019-08-09T06:29:09","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=286926"},"modified":"2019-08-09T06:41:21","modified_gmt":"2019-08-09T06:41:21","slug":"nclat-expresses-displeasure-over-delay-in-ilfs-resolution","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/nclat-expresses-displeasure-over-delay-in-ilfs-resolution\/","title":{"rendered":"NCLAT expresses displeasure over delay in IL&amp;FS resolution"},"content":{"rendered":"<p>The National Company Law Appellate Tribunal (NCLAT) has expressed its displeasure over the slow progress by the government and IL&amp;FS in the resolution of the debt-ridden companies of the group. The tribunal directed the Corporate Affairs Ministry and IL&amp;FS group to file a fresh progress report by September 3 ahead of the next hearing on September 5.<\/p>\n<p>A two-member bench headed by Chairman Justice S J Mukhopadhaya said that around 300 days have been passed and there is hardly any progress in the resolution process of IL&amp;FS group companies.<\/p>\n<p>\u201cThey will keep it in mind that already 300 days approximately have completed since the Interim Order was passed on 15th October 2018,\u201d the bench said.<\/p>\n<p>\u201cThe Union of India\/ILFS are directed to file a fresh Progress Report by September 3, 2019,\u201d said the appellate tribunal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Company Law Appellate Tribunal (NCLAT) has expressed its displeasure over the slow progress by the government and IL&amp;FS in the resolution of the debt-ridden companies of the group. The tribunal directed the Corporate Affairs Ministry and IL&amp;FS group to file a fresh progress report by September 3 ahead of the next hearing on September 5. A two-member bench headed by Chairman Justice S J Mukhopadhaya said that around 300 days have been passed and there is hardly any progress in the resolution process of IL&amp;FS group companies. \u201cThey will keep it in mind that already 300 days approximately [&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":[130,213,144],"tags":[],"class_list":["post-286926","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286926","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=286926"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286926\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=286926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=286926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=286926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}