{"id":503100,"date":"2022-07-05T11:32:22","date_gmt":"2022-07-05T06:02:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=503100"},"modified":"2022-07-05T11:32:22","modified_gmt":"2022-07-05T06:02:22","slug":"nclat-asks-ilfs-to-consider-claims-of-itcpls-operational-creditors-file-supplementary-plan","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/nclat-asks-ilfs-to-consider-claims-of-itcpls-operational-creditors-file-supplementary-plan\/","title":{"rendered":"NCLAT asks IL&amp;FS to consider claims of ITCPL\u2019s operational creditors, file supplementary plan"},"content":{"rendered":"<p>The National Company Law Appellate Tribunal on Monday asked the IL&amp;FS board to consider a supplementary resolution plan for its subsidiary ITCPL, dealing with the claims of its operational creditors, which include two Chinese companies facing PMLA enquiries. A three-member NCLAT bench said extinguishing the claims of two Chinese companies, which were ITCPL\u2019s capex creditors and operational creditors, is not acceptable and has to be \u201cappropriately considered in a fair and reasonable resolution plan. \u201cFor dealing with admitted debts of operational creditors\/ capex creditors, an appropriate Resolution Plan has to be made for addressing the claims,\u201d said NCLAT.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Company Law Appellate Tribunal on Monday asked the IL&amp;FS board to consider a supplementary resolution plan for its subsidiary ITCPL, dealing with the claims of its operational creditors, which include two Chinese companies facing PMLA enquiries. A three-member NCLAT bench said extinguishing the claims of two Chinese companies, which were ITCPL\u2019s capex creditors and operational creditors, is not acceptable and has to be \u201cappropriately considered in a fair and reasonable resolution plan. \u201cFor dealing with admitted debts of operational creditors\/ capex creditors, an appropriate Resolution Plan has to be made for addressing the claims,\u201d said NCLAT.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-503100","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/503100","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=503100"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/503100\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=503100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=503100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=503100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}