New operating committee for IL&FS

The new board of IL&FS has appointed CS Rajan as Managing Director of the ailing company to oversee the ongoing asset monetisation process. Rajan will be part of an operating committee, which will report to the board. N Sivaraman has been appointed Chief Operating Officer and Vineet Nayyar Executive Vice-Chairman Uday Kotak, the Non-Executive Chairman […]

Govt moves NCLT seeking immunity for IL&FS board members

The government on Monday filed an application with the National Company Law Tribunal (NCLT) here, seeking immunity for newly-appointed directors of the crippled IL&FS group from any future adverse outcomes. The Corporate Affairs Ministry has moved the Mumbai NCLT seeking protection for these directors from any future adverse proceedings as a precautionary measure. Meanwhile, IL&FS […]