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SC rules IL&FS Fincl's insolvency plea against Adhunik Meghalaya not delayed

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SC rules IL&FS Fincl's insolvency plea against Adhunik Meghalaya not delayed

This story was originally published at 22:45 IST on July 30, 2025  Back
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The Supreme Court Wednesday set aside orders of the National Company Law Appellate Tribunal and the National Company Law Tribunal rejecting IL&FS Financial Services Ltd.'s insolvency plea against Adhunik Meghalaya Steels Pvt. Ltd., a subsidiary of Adhunik Metaliks Ltd. Both the tribunal and the appellate tribunal had held that the insolvency plea was barred by limitation.

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