The Untold Story of IL&FS Fiasco - English

Imagine a company with a monumental ₹91,000 crores loan book defaulting, causing chaos in the financial world. While the financial industry typically appears tightly regulated, the ILFS crisis shattered this perception. So how did authorities fail to detect this crisis? We'll reveal how ILFS managed top ratings despite its declining performance. Moreover, we'll investigate the mysterious absence of the committee. In conclusion, we'll highlight crucial red flags every investor should watch out for.