Govt to move court to disgorge assets of errant IL&FS officials

The NCLT has allowed the govt to restrain nine former top officials of IL&FS from disposing of their assets

Gireesh Chandra Prasad NEW DELHI

The government will move the National Company Law Tribunal (NCLT) to disgorge the assets of errant managers in the distressed Infrastructure Lease & Financial Services Ltd (IL&FS). The idea is to recover what the ministry of corporate affairs regards...

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