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In a rare move, the government has superseded the board of IL&FS on Monday against the backdrop of debt defaults by some of its group entities that triggered fears of liquidity crunch.
Oct 03, 2018, 17:48 PM IST
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.
Oct 03, 2018, 15:47 PM IST