Motilal Oswal
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Motilal Oswal
Business

Govt submits resolution plan for IL&FS, suggests name of Justice DK Jain to supervise process

Updated : February 04, 2019 10:58 PM IST

The entire resolution process would be based on the principles enunciated in the Insolvency and Bankruptcy Code.
Under the plan, the government has categorised IL&FS group companies into green, amber and red based on their respective financial positions.
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