In this process, “lenders, as well as shareholders, would anyway have to take a haircut for their respective debt/ and equities,” IL&FS said | File image IL&FS group has approached the NCLAT to seek permission to sell its stake with a “haircut” and without shareholders’ approval in its companies, which are insolvent with unsustainable… Continue reading IL&FS seeks NCLAT nod to sell insolvent companies with haircut, without shareholders’ approval | Company News