There’s no credible report today indicating that IL&FS has moved any tribunal to scrap the sale of its BKC headquarters. In fact, recent legal updates point in quite the opposite direction:

• In early March 2023, the National Company Law Appellate Tribunal (NCLAT) dismissed HDFC’s plea seeking a stay on the sale of IL&FS’s Mumbai Bandra Kurla Complex (BKC) headquarters to a Brookfield affiliate. A two-judge bench ruled that the sale was valid under the resolution plan and rejected HDFC’s challenge.
• The original sale was valued at ₹1,080 crore, approved by 74% of creditors in January 2022, with NCLT approval already in place. Since then, no new movement suggests reversing or scrapping that sale

If you came across any claim today (July 4, 2025) about IL&FS initiating fresh tribunal action to stop or cancel the sale, it appears to be incorrect or unsubstantiated. Let me know if there’s a specific source you’d like me to verify!

Sources