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IL&FS to move NCLT to recover ₹187 cr
December 08, 2025
|Mint Ahmedabad
The IL&FS Group will initiate before the National Company Law Tribunal (NCLT) the process to recover ₹187 crore excess remuneration paid to its former directors and two subsidiaries, who have refused to return the excess managerial remuneration, according to the latest affidavit filed by the debt-ridden firm before the National Company Law Appellate Tribunal (NCLAT).
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Moreover, IL&FS is also going to reopen the financial statements for 2018-19 and 2019-20. It has received approval from NCLT for incorpor
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