Noida Toll Bridge Company announced that Infrastructure Leasing & Financial Services is the promoter and majority shareholder of IL&FS Transportation Network (ITNL) and ITNL is the promoter of Noida Toll Bridge Company.
IL&FS has filed an application with the National Company Law Tribunal, Mumbai Bench on 24 September 2018 seeking certain reliefs in connection with filing of a scheme of arrangement under Section 230 of the Companies Act, 2013 in respect of IL&FS, ITNL and the Company, which scheme will be prepared in compliance with applicable law and subject to necessary consents of the shareholders, creditors, regulators and board of directors of the relevant entities.
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