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 gireesh.p@livemint.com NEW DELHI
MARKETS AND FINANCE


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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