Best option is to sell IL&FS along with group firms: Corp affairs secy

The other option is to sell verticals and assets separately, says Injeti Srinivas

The Infrastructure Leasing & Financial Services (IL&FS) crisis could be resolved by adopting a mix of alternative approaches, which have been presented to the National Company Law Tribunal (NCLT), Corporate Affairs Secretary Injeti Srinivas said.

The best option could be to sell the group as a going concern, but this too has its limitations, he said. 

The other options are to sell each vertical as a consolidated entity and assets-level sale, he said. “What seems more probable is that you have a combination of all these approaches,” he said, without elaborating.

On October 31, the new IL&FS board had presented a resolution plan