IL&FS accounts not to be declared NPAs, rules NCLAT

New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Monday said the cash-strapped Infrastructure Leasing and Financial Services (IL&FS) and its group companies will not be declared as non-performing assets (NPA) without approval from the appellate tribunal.

A two-member bench headed by NCLAT Chairman Justice (retd) SJ Mukhopadhyay was hearing an application moved by some of its lenders. (IANS)

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