 "IL&FS entities to be sold individually instead of whole company together")
IL&FS entities will be sold individually instead of the whole company together, a senior government official said. The debt-ridden firm could expect a final resolution within six months, the official from the Ministry of Corporate Affairs (MCA) said, after a meeting of officials from his ministry and the finance ministry with lenders to the IL&FS.
Other officials said the government plans to approach the Reserve Bank of India (RBI) to seek deferring the provisioning for some of the IL&FS entities. It has been found that a number of companies under IL&FS have not been able to service debt.
Other officials said the government plans to approach the Reserve Bank of India (RBI) to seek deferring the provisioning for some of the IL&FS entities. It has been found that a number of companies under IL&FS have not been able to service debt.
