IL&FS moves NCLAT over consent delays for transfer of assets to InvIT

June 26, 2023

Under the resolution framework, the company management had approved the transfer of four road assets (BKEL, BAEL, JIICL, and JRPICL) to the InvIT of ₹5,500 crore, though lenders have been slow in approving the restructuring proposals for these assets.

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