IL&FS Construction: Resolution plan approved by CoC, to be filed with NCLT

IL&FS Engineering and Construction Company Ltd has announced a significant step in its resolution process. The Committee of Creditors (CoC) has approved the resolution proposal. Following this approval, the Board of IL&FS has sanctioned the filing of this proposal with the Hon'ble NCLT, Mumbai, for its final consideration and approval. This development is part of the ongoing resolution process being undertaken by the parent company, Infrastructure Leasing and Financial Services (IL&FS), under the supervision of the Ministry of Corporate Affairs (MCA) and various orders from the NCLT/NCLAT.