J&K&L HC: Undenied Pleadings are Deemed Admitted by Implication under the CPC  ||  Kerala HC: Transfer Order Pending Disciplinary Proceedings Cannot be Disguised as Punishment  ||  Allahabad HC: GST, Incentives, 0r Festival Advances Cannot be Deducted From Employee’s Retiral Dues  ||  SC: Absconding Accused Cannot Claim Anticipatory Bail Solely Because a Co-Accused Was Acquitted  ||  Supreme Court: District Cricket Bodies Must Adopt Good Governance Voluntarily, Not Follow BCCI Rules  ||  Supreme Court: Post-Award Property Purchasers Cannot Resist Execution of an Arbitral Award  ||  SC: Telecom Spectrum is a Community Resource and its Ownership Cannot be Decided under the IBC  ||  SC: Police Failure to Invoke IPC Provisions Led to Contractor’s Acquittal in Cement Stockpiling Case  ||  SC: Bank’s Internal Classification of Debt as NPA Does Not Determine Limitation under the IBC  ||  Bombay HC: Clarifies Procedure for Executing Foreign Decrees    

NCLAT Approves IL&FS to Sell Remaining 51% Stake in 7 Wind Energy Arms to Japan's Orix Corp - (23 Jul 2019)

COMPANY

National Company Law Appellate Tribunal (NCLAT) has approved the cash strapped Infrastructure Leasing and Financial Services (IL&FS) for the proposed sale of its balance 51 percent of stake in seven wind energy subsidiaries to Orix Corporation of Japan.

Tags : NCLAT   IL&FS  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved