2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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National Company Law Tribunal (NCLT)
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National and Corporate Law Tribunal (NCLT)
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National Green Tribunal (NGT)
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National Company Tribunal (NCT)
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Detailed explanation-1: -The Government of India, through Ministry of Corporate Affairs, took management control of IL&FS and appointed a new Board in October 2018 in an effort to control defaults and restore confidence and financial stability in Capital Markets.
Detailed explanation-2: -Dileep Vishwakarma. CS Rajan The term of Uday Kotak, who was appointed as chairman of crisis-hit Infrastructure Leasing and Finance Ltd (IL&FS) is ending this week and the Union government has appointed CS Rajan, who is managing director (MD), as the new chairman for six months.
Detailed explanation-3: -Non-Executive Chairman Mr. CHANDRA SHEKHAR RAJAN, Non-Executive Chairman of the Company, is an IAS Officer of the 1978 Batch, who retired as Chief Secretary, Rajasthan, on June 30, 2016. He then served as Deputy Chairman, Chief Minister’s Advisory Council till December 2018.
Detailed explanation-4: -The government has taken control of Infrastructure Leasing & Financial Services Ltd (IL&FS) after the National Company Law Tribunal gave its nod for what is essentially a temporary nationalisation of the company.