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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"

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