https://www.taxtmi.com/caselaws?id=408168 The Tribunal allowed the proposed sale of equity shares by IL&FS Financial Services Limited and IL&FS Maritime Infrastructure Company Limited. The sale was approved by Justice Jain to create liquidity and support the entities, with proceeds intended for operational expenses, resolution process support, and lender benefits. The application was uncontested, with no costs ordered, as it was deemed in the best interest of the companies and stakeholders. en-us Fri, 28 May 2021 00:00:00 +0530 Wed, 02 Jun 2021 08:39:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408168 The Tribunal allowed the proposed sale of equity shares by IL&FS Financial Services Limited and IL&FS Maritime Infrastructure Company Limited. The sale was approved by Justice Jain to create liquidity and support the entities, with proceeds intended for operational expenses, resolution process support, and lender benefits. The application was uncontested, with no costs ordered, as it was deemed in the best interest of the companies and stakeholders. Case-Laws Companies Law Fri, 28 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408168