
SC sets aside NCLAT ruling, allows IL&FS appeal in insolvency case
New Delhi, Aug 1 (UNI) The Supreme Court today allowed the appeal filed by IL&FS Financial Services Ltd. (IFIN) and overturned the March 25, 2025, judgment of the National Company Law Appellate Tribunal (NCLAT), which had upheld the National Company Law Tribunal’s (NCLT) dismissal of IFIN’s insolvency plea as time-barred. The case involved a loan…