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NCLAT Rejects DoT Claim in Rolta Insolvency; IIFL Reaches 3,000 Gold Loan Branches

IIFL Finance logoIIFL Finance
Sig3.15Sen+4.25Env0.00Soc+3.90Gov+0.20

NCLAT dismissed the Department of Telecommunications’ appeal challenging the resolution plan for debt-ridden Rolta India, noting the plan had already been approved and implemented. The DoT had sought unpaid licence-fee dues of Rs 469.09 crore. IIFL Finance also said it has crossed 3,000 gold loan branches, expanding access for financial inclusion in tier-2, tier-3 and rural areas to support MSME lending.

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