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IL&FS board likely to meet again this week; to chalk out course of action

The infra lending and engineering conglomerate major currently sits on a debt burden of nearly Rs 910 billion

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Press Trust of India New Delhi
The newly constituted board of the beleaguered IL&FS under the chairmanship of Uday Kotak may meet this week again to chalk out the future course of action to resolve the current financial crisis, according to a source.

Following a marathon first board meeting held last Thursday, it is learnt that the members will meet this week again to propose how the crisis can be resolved at the debt-ridden Infrastructure Leasing & Financial Services (IL&FS) group.

To take stock of the current situation, the new board members held their first meeting last week, which was followed by a management as well