NCLAT Examines Scope of CIRP in IL&FS Default, Considers Project-Wise Resolution for Real Estate Projects [Read Order]
The National Company Law Appellate Tribunal(NCLAT) has looked at the ambit and procedure for conducting the CorporateInsolvency Resolution Process (CIRP) in the context of the Corporate Insolvency Proceedings initiated on account of Defaults related to IL&FS Financial Services Ltd. (IL&FS) , particularly in the context of Real Estate Entities. The NCLAT, while dealing with the…

