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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In a rare move, the government has superseded the board of IL&FS on Monday against the backdrop of debt defaults by some of its group entities that triggered fears of liquidity crunch.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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