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IL&FS: NCLAT allows 'amber' firms turning 'green' to begin servicing debts

Updated : May 29, 2019 08:22 PM IST

The NCLAT has clarified that the 'amber' companies, as they graduate towards becoming 'green', can begin servicing their debt. The IL&FS group companies were classified into three categories — ‘green’, ‘amber’, and ‘red’ by the board.

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