NCLAT reserves order on IL&FS Engineering sale
- Posted on September 17, 2024
- By Business News Today
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NCLAT reserves order on IL&FS Engineering sale
The National Company Law Appellate Tribunal has reserved its decision on ICICI Bank's objection to the sale of a 42.25% stake in IL&FS Engineering and Construction Company Limited. ICICI Bank argues that selling 100% of the share capital would fetch better value, while IL&FS contends that a full sale would complicate and prolong the process.