NCLAT To Decide If More IL&FS Firms Can Repay Debt

NCLAT to decide if IL&FS group companies in ‘amber’ category can service debt obligations.

New board of IL&FS addresses a press conference in Mumbai. (Photographer: Sajeet Manghat/BloombergQuint)

Lenders to some of the entities related to Infrastructure Leasing & Financial Services Ltd. approached the NCLAT today asking it to direct group companies that can meet some obligations to clear the dues of senior secured creditors.

Also Read: How The IL&FS Crisis Took A Toll On Mutual Funds

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