Govt issues lookout notices for four directors of debt-laden IL&FS

In its petition filed with NCLT, the govt said these directors -- Ravi Parthasarathy, Hari Sankaran, Ramesh Bawa and K Ramchand -- were likely to flee the country overnight

The government has come down heavily on Infrastructure Leasing & Financial Services’ (IL&FS’) former management, led by Ravi Parthasarathy, who retired in July 2018, vice-chairman Hari Sankaran, former managing director of IL&FS Financial Services Ramesh Bawa, and director K Ramchand, by issuing a lookout notice for them at the airports.

In its petition filed with the National Company Law Tribunal, the government said these directors were likely to flee the country overnight, and therefore the government had issued a lookout notice for these individuals. 

While Parthasarathy is in London undergoing treatment, the other directors will not be able to leave the country