Govt submits resolution plan for IL&FS, suggests name of Justice DK Jain to supervise process
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.
Published Date: Feb 4th, 2019 10:39 PM | Updated Date: Feb 04, 2019 10:58 PM IST
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more