New IL&FS Board pushes for asset-level resolution

New IL&FS Board pushes for asset-level resolution

The crisis in the debt-ridden Infrastructure Leasing and Financial Services (IL&FS) is set to be addressed by undertaking asset-level sale process first before putting in place a plan for a single group-level or vertical-level resolution, sources said.

IL&FS companies to be categorised according to cash flow

IL&FS companies to be categorised according to cash flow

Going by media reports, the National Company Law Appellate Tribunal (NCLAT) has asked the government and Infrastructure Leasing & Financial Services (IL&FS) to provide a list of group companies that have the ability to meet payment obligations over the next one year.