The appointments are subject to approval from the National Company Law Tribunal (NCLT)
- The board was briefed in detail by legal advisers
- IL&FS management gave a presentation on the company
- With a view to preserve value of the company, the board will take the necessary steps
- Board was told that there are 348 entities under the group. This underscores the task at hand
- The board assessed ground realities and the way forward
- The board will follow directions of NCLT, will make a fair assessment of banks
- The board will meet very frequently.
- IL&FS board to meet shareholders at an appropriate time
- IL&FS system more complex than Satyam
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