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Accounts of IL&FS, group companies cannot be declared NPA without NCLAT nod

Updated : February 25, 2019 08:17 PM IST

"No IL&FS or its subsidiaries' account to be declared NPA by any financial institution without approval from NCLAT," the appellate tribunal said
The tribunal's direction came during the hearing over the government's plan for the resolution of IL&FS group companies.
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