NCLAT clears govt’s acquisition of 50% from IL&FS in JV firm | Jaipur News
Jaipur: The National Company Law Appellate Tribunal (NCLAT) has ordered the transfer of 50% stake of IL&FS Energy Development Company Ltd (IEDCL) to the state govt in its joint venture company, Saurya Urja Company of Rajasthan Ltd (SUCRL), valuing the stake at Rs 85 crore.Ending a prolonged legal process, the tribunal noted that IL&FS already…