19 Mar 19 | 16:00
IL&FS Transportation Networks Ltd
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Intimation Of Order Of The NCLT, Mumbai In The Section 130 Application |
This is further to our intimation letter dated December 26, 2018, with respect to the application filed by the Union of India (acting through the Ministry of Corporate Affairs) before the National Company Law Tribunal (Mumbai) ('NCLT') under Section 130(1) of the Companies Act, 2013, seeking permission to inter-alia re-open the books of accounts and re-cast the financial statements of Infrastructure Leasing and Financial Services Limited, IL&FS Financial Services Limited and IL&FS Transport Networks Limited ('Respondents').
We would now like to inform you that the NCLT has, by way of its order of January 1, 2019, inter-alia permitted reopening and recasting of the accounts of the Respondents for the past 5 financial years, under Section 130(1)(ii) of the Companies Act, 2013, by a Chartered Accountant (as per the name to be submitted by the Central Government).
This is submitted for your information and records
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19 Mar 19|20:40 (IST)