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News
IL&FS restructure
IL&FS restructure News
Infrastructure Leasing and Financial Services
03 Oct 2018
SFIO starts probe into IL&FS crisis
In a rare move, the government has superseded the board of IL&FS on Monday against the backdrop of debt defaults by some of its group entities that triggered fears of liquidity crunch.
Infrastructure Leasing and Financial Services
03 Oct 2018
Government's rescue of debt-ridden IL&FS may spell major losses for lenders
But IL&FS had compromised on corporate governance and risk management norms, the government told the company law tribunal on Monday as it explained why it intended to take over the firm.
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