NCLT allows Central govt to takeover IL&FS Management
NCLT (National Company Law Tribunal) allows Central govt to takeover IL&FS Management.A list of 6 members has been provided by the Central govt. October 31st is the next date of hearing, to file any petition.(Source – ANI)
Earlier, Government of India seeks National Company Law Tribunal nod to takeover IL&FS management. Govt counsel submits before the Tribunal, “Continuity of current board prejudicial to public interest.Govt seeks suspension of entire board&seeks appointment of 10 members on boar
About NCLT :
The National Company Law Tribunal is a quasi-judicial body in India that adjudicates issues relating to Indian companies.
NCLT allows Central govt to takeover IL&FS Management < India News