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NCLAT allows 22 IL&FS group firms to service debt obligations



The Monday allowed 22 companies of crisis-hit group to service their debt obligations.


Besides, a two-member bench headed by Justice S J Mukhopadhaya approved the appointment of former judge Justice to supervise resolution process of group.



The appellate tribunal also lifted the moratorium and allows 133 firms incorporated outside India to continue with the resolution process.


“We allow (companies under green categories) the board to permit the company to service debt obligations as per schedule,” the firm said.


The was hearing the government plea over the IL&FS group.





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