<p class="title">Debt-ridden firm IL&FS has approached the National Company Law Appellate Tribunal (NCLAT) seeking the release of around Rs 145 crore held by Gujarat Urja Vikas Nigam.</p>.<p class="bodytext">A two-member NCLAT bench headed by Chairperson Justice S J Mukhopadhaya has issued notice to the Gujarat Urja Vikas Nigam over the IL&FS plea.</p>.<p class="bodytext">NCLAT has directed to list the matter for next hearing on October 15.</p>.<p class="bodytext">According to senior advocate Ramji Srinivasan appearing for IL&FS, the matter relates to payment of five IL&FS wind energy companies.</p>.<p class="bodytext">IL&FS had approached Gujarat Energy Regulatory Commission regarding this but could not get relief there.</p>.<p class="bodytext">IL&FS Group, which has a total debt of above Rs 90,000 crore, is going through debt resolution plan.</p>.<p class="bodytext">The entire resolution process is based on the principles enunciated in the Insolvency and Bankruptcy Code and is supervised by Justice D K Jain.</p>
<p class="title">Debt-ridden firm IL&FS has approached the National Company Law Appellate Tribunal (NCLAT) seeking the release of around Rs 145 crore held by Gujarat Urja Vikas Nigam.</p>.<p class="bodytext">A two-member NCLAT bench headed by Chairperson Justice S J Mukhopadhaya has issued notice to the Gujarat Urja Vikas Nigam over the IL&FS plea.</p>.<p class="bodytext">NCLAT has directed to list the matter for next hearing on October 15.</p>.<p class="bodytext">According to senior advocate Ramji Srinivasan appearing for IL&FS, the matter relates to payment of five IL&FS wind energy companies.</p>.<p class="bodytext">IL&FS had approached Gujarat Energy Regulatory Commission regarding this but could not get relief there.</p>.<p class="bodytext">IL&FS Group, which has a total debt of above Rs 90,000 crore, is going through debt resolution plan.</p>.<p class="bodytext">The entire resolution process is based on the principles enunciated in the Insolvency and Bankruptcy Code and is supervised by Justice D K Jain.</p>