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Centre calls for faster resolution of IL&FS

NEW DELHI: The government today called for a faster resolution of the Infrastructure Leasing and Financial Services (IL&FS) crisis as it took stock of the ground covered so far.

New Delhi, January 22

The government today called for a faster resolution of the Infrastructure Leasing and Financial Services (IL&FS) crisis as it took stock of the ground covered so far.

Economic Affairs Secretary Subhash Chandra Garg held a review meeting with bankers, officials of the Finance Ministry and the Corporate Affairs Ministry as well as the six-member Board led by banker Uday Kotak to restore the financial solvency of the company.

The Board headed by Kotak, set up by the Centre in October to revive the debt-stricken IL&FS Group, was also present in the meeting. — IANS

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