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The lenders of the group IL & FS objected on Tuesday to the NCLAT to the moratorium of 90 days on the loans contracted by the group in charge of the debt and its subsidiaries.
The banks also asked the appellate court not to clbadify them as "IL & FS". account as NPA in case of non-payment.
In the meantime, the government informed the Corporate Rules Appeal Tribunal (NCLAT) that it had prepared a roadmap for reorganizing the company.
The court has set December 17 as the next date of hearing.
On October 15, NCLAT suspended all proceedings against the IL & FS Group and its 348 companies until further notice, following an urgent request by the government.
The Department of Corporate Affairs appealed to the Court of Appeal after the headquarters of the National Company Law Tribunal in Mumbai. ) rejected its request for a 90-day moratorium on loans contracted by IL & FS and its subsidiaries.
On October 1, the NCLT suspended the IL & FS board of directors at the request of the government and authorized its reconstitution by appointing seven directors two days
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