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The directors of IL&FS, an Indian infrastructure development and finance company, were recently under the scanner of the Ministry of Corporate Affairs for alleged breach of their directorial duties as financial difficulties continued to rise in the diversified group. Over the last decade, India has seen many such examples of corporate failures and scams including companies like DHFL, Kingfisher Airlines, Punjab National Bank, I Monetary Advisory among others.The directors of IL&FS, an Indian infrastructure development and finance company, were recently under the scanner of the Ministry of Corporate Affairs for alleged breach of their directorial duties as financial difficulties continued to rise in the diversified group. Over the last decade, India has seen many such examples of corporate failures and scams including companies like DHFL, Kingfisher Airlines, Punjab National Bank, I Monetary Advisory among others.taxmann.com Latest ArticlesRead More