“A bold, progressive step forward,” Uday Kotak wrote about the move.
Tag: Uday Kotak
IL&FS cuts nearly 50% staff since October for cost cutting
As per the fourth progress report submitted earlier to the tribunal, the new board headed by Uday Kotak had conceptualised manpower optimisation measures for the infrastructure lending major in two phases.
IL&FS board recast, Uday Kotak tasked to restore financial health
Mumbai/New Delhi: As the debt-stricken IL&FS Group moved from crisis to crisis, the Central government on Monday superseded the management of the beleaguered company by appointing a six-member board led by banker Uday Kotak to restore its financial solvency. “The NCLT (National Company Law Tribunal) suspended the existing board and[Read More…]