Beleaguered non-banking finance company IL&FS is selling commercial properties in GIFT TWO, Gujarat’s GIFT City, as part of its debt resolution process. The properties include offices leased to Tata Consultancy Services.
The 61-year-old MLA from the Islampur seat was summoned twice previously by the agency. On Monday, Patil reached the ED’s Ballard Estate office in South Mumbai around 11.45 am.
A bench of Justice MR Shah and MM Sundresh held that the Bombay High Court erred in holding that the resignation of auditor means that proceedings against auditor before the NCLT under section 140(5) will end.