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Business

Why the IL&FS issue will likely blow over

Updated : September 24, 2018 08:56 AM IST

The pedigree of key stakeholders makes it difficult for them to allow the company to fail, as it sends the financial markets a very wrong signal.
LIC is a government-owned entity, even SBI is a key stakeholder. This raises a moral question of these stakeholders being involved with a defaulter company even as they pursue other defaulters under IBC.
Why the IL&FS issue will likely blow over
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