IL&FS collapse was like Titanic sinking says outgoing chairman

CS Rajan equates the IL&FS collapse to the Titanic disaster, stating the resolution will guide future bankruptcy laws. With Nand Kishore taking over as chairman, 188 of 302 entities have been resolved, aiming to complete the remaining resolutions within the legal framework.

Oct 1, 2024 - 06:00

IL&FS collapse was like Titanic sinking says outgoing chairman

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CS Rajan equates the IL&FS collapse to the Titanic disaster, stating the resolution will guide future bankruptcy laws. With Nand Kishore taking over as chairman, 188 of 302 entities have been resolved, aiming to complete the remaining resolutions within the legal framework.