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NCLT admits IL&FS Financial Services' IBC plea against Ansal Properties

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EXCLUSIVE

NCLT admits IL&FS Financial Services' IBC plea against Ansal Properties

This story was originally published at 19:44 IST on February 25, 2025  Back
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The Delhi bench of the National Company Law Tribunal on Tuesday admitted a petition by IL&FS Financial Services Ltd. to start insolvency proceedings against Ansal Properties and Infrastructure Ltd. for outstanding dues worth INR 2.57 billion. The tribunal directed a moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016 against Ansal Properties.

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