NCLAT reserves order on SBI plea for funds from IL&FS Co

The NCLAT reserved its decision on SBI's plea for an interim distribution of Rs 275 crore from the escrow account of Baleshwar Kharagpur Expressway Ltd. In April, NCLAT had ruled that secured creditors like SBI should be paid before other creditors. SBI emphasized the long wait of almost six years for fund distribution.