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IL&FS moves NCLAT, seeks protection for group companies from wilful defaulter tag

CFO News

In its petition, IL&FS said it is aggrieved by the "blatant violation and disregard" of previous NCLAT orders by the banks. IL&FS also charged banks of taking procedural action under the garb of the RBI guidelines, and "harassing the Directors of the IL&FS companies"

Banking 52
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2:00PM Water Cooler 12/9/2022 | naked capitalism

CFO News Room

Video surveillance captured Brinton removing the suitcase from the carousel and putting the bag’s tag in their handbag before leaving ‘at a quick pace,’ the police complaint read. Brinton had no checked luggage, precluding this being a case of accidentally taking the wrong bag. 1* (CDC; Walgreens), along with elevated hospitalization in BQ.1*