 "IL&FS")
The Committee of Creditors (CoC) of IL&FS has approved the sale of the IL&FS’s Education business – School net India Limited which was formerly known as IL&FS Education & Technology Service. CoC has approved the sale to Career Point Publications Private Limited (CPPPL). The CoC of IL&FS represented all the financial creditors of the group.
The financial bid of CPPPL was approved by more than 78 per cent IL&FS’s creditors by value. The voting was done electronically and concluded on November 5, 2019.
The move is in tandem with the resolution plan submitted by the IL&FS board to the National
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