NCLT asks former directors of IL&FS to disclose assets

NCLT asks former directors of IL&FS to disclose assets

The National Companies Law Tribunal today passed an interim order asking nine directors of debt ridden Infrastructure Leasing & Financial Services (IL&FS) including Ravi Parthasarathy and Hari Sankaran, Arun K Saha to disclose details of their movable and immovable assets, bank account, jointly held assets in next three weeks.

The government had today filed a petition seeking attachment of properties of additional directors of IL&FS including chief investment officer and chairman of welfare trust Vibhav Kapoor, MD IL&FS Transport Network K Ramachand, MD of IL&FS Financial Services R C Bawa, director and member of committee of ITNL Pradeep Puri, MD and CEO IL&FS Securities S Rengarajan and Executive director ITNL Mukund Sapre.

The list includes Hari Sankaran Vice chairman, Ravi Parthasarathy Chairman and Arun K Saha Joint MD and CEO.  Read More

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