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NCLAT allows banks to declare IL&FS loans as NPAs

May 02, 2019 17:59 IST

The National Company Law Appellate Tribunal on Thursday allowed the banks to declare their assets of debt-ridden Infrastructure Leasing and Financial Services as non-performing assets. Banks have a total exposure of loans worth ₹55,000 crore in IL&FS but as per NCLAT ruling cannot file for recovery yet.

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