In a 36-page petition filed by corporate affairs ministry at the company law tribunal, the government does not pull its punches, referring to IL&FS as a “titanic ship” and accusing its board of mismanagement. IL&FS, a construction and infrastructure firm had defaulted on a series of repayments to creditors as it struggled under a debt pile of more than Rs 91,000 crore.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2IHv6sm
