Expect Gujarat Urja to return IL&FS' assets, pay dues: NCLAT

Debt-laden IL&FS approaches NCLAT, says GUVNL owes them close to Rs 140 crore

The new board of management of debt-laden Infrastructure Leasing & Financial Services (IL&FS) on Thursday approached the National Company Law Appellate Tribunal (NCLAT) seeking directions that Gujarat Urja Vikas Nigam Limited (GUVNL) be directed to release its assets and other dues of nearly Rs 145 crore.

The NCLAT, while agreeing to hear IL&FS, said that GUVNL would release the assets of the former’s subsidiaries such as Lalpur Wind Energy, Ratedi Wind Power, Tadas Wind Energy, and Khandke Wind Energy Private Limited as well as the dues before October 23, when it would next hear the case.

“If Gujarat Urja Vikas Nigam Limited