Centre moves NCLAT for interim distribution of proceeds of Rs 16,200 cr
The Centre has filed an application with the National Company Law Appellate Tribunal for interim distribution of Rs 16,200 crore as part of the ongoing resolution of Infrastructure Leasing and Financial Services Ltd. The application, filed with the Delhi Bench of NCLAT, seeks interim distribution of Rs 10,950 crore in cash and Rs 5,250 crore of InvIT units by March 31.