https://www.taxtmi.com/caselaws?id=297139 The Appellate Tribunal directed Union of India/ILFS to submit a Progress Report promptly. They were instructed to settle creditors' claims for specific entities, obtain permission for dealing with assets of other entities, and expedite resolution processes. Non-compliance with orders could lead to contempt of court. A Red Entity expressed willingness to pay debts, subject to verification. The Tribunal scheduled further orders and mandated a new Progress Report submission by a specified date. en-us Thu, 08 Aug 2019 00:00:00 +0530 Sat, 21 Aug 2021 08:31:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297139 The Appellate Tribunal directed Union of India/ILFS to submit a Progress Report promptly. They were instructed to settle creditors' claims for specific entities, obtain permission for dealing with assets of other entities, and expedite resolution processes. Non-compliance with orders could lead to contempt of court. A Red Entity expressed willingness to pay debts, subject to verification. The Tribunal scheduled further orders and mandated a new Progress Report submission by a specified date. Case-Laws Companies Law Thu, 08 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297139