The Supreme Court has upheld the National Company Law Appellate Tribunal's order allowing interim distribution of funds from the escrow account of Baleshwar Kharagpur Expressway Ltd., an IL&FS subsidiary. The court rejected IL&FS's appeal, which argued that the order violated the principle of equitable distribution to all creditors. Read The Rest at :
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.
