 "IL&FS")
The government Monday said it stands fully committed to ensuring that needed liquidity is arranged for the debt-trapped IL&FS to prevent any more defaults in payment of loans by the non-banking financial company.
On a day when the Mumbai-bench of NCLT allowed the government to take over the board of IL&FS, the Finance Ministry in a statement said the move was essential to restore confidence in the financial market and hoped that financial institutions would provide the NBFC liquidity.
"There is an emergent need to immediately stop further financial defaults and also take measures to resolve defaulted dues to the
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