IL&FS Stocks Up by Over 15% as Centre Moves NCLT for New Management

The government moved National Company Law Tribunal (NCLT) on Monday, looking to take over debt-ridden IL&FS by dissolving the entire board and appointing ten new directors with Kotak Mahindra Bank boss Uday Kotak as the non-executive chairman.

from Top Business News- News18.com https://ift.tt/2xOtzfw