NCLT allows Central govt to takeover IL&FS Management

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



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