INSUBCONTINENT EXCLUSIVE:
By Anurag Joshi and David YongInfrastructure Leasing Financial Services Ltd
is missing more debt obligations, even as the Indian government pledged to prevent further defaults, underscoring the challenges its new
deposit and commercial papers totaling 339 million rupees ($4.6 million) due for the period from Sept
4, it said in an exchange filing
The government earlier this week seized control of the conglomerate, which has total debt of $12.6 billion, ousting the erstwhile board of
officer of Avista Advisory Partners in Singapore
newly-constituted board of directors for the troubled Indian lender met Thursday and undertook an initial assessment of the firm
They face an uphill task in restoring confidence in the group, whose downfall has led to a selloff in equities and bonds
junk.
The new board at ILFS has been tasked with preparing a plan for the group and filing a response with the National Company Law
