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NCLT allows government to take control of IL&FS; Uday Kotak, ICICI Bank’s GC Chaturvedi named on new board

Updated : October 02, 2018 05:05 AM IST

The last time the government moved to take control of a company was during the Satyam scandal in 2009.
A string of defaults by IL&FS in recent weeks have led to rating downgrades on the company and its subsidiaries that house some of its debt.

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