The board had to approach the court when nine banks started unauthorised withdrawals of around `800 crore from their escrow accounts to recover their debt. (File/PTI) Kotak Mahindra Vice chairman and ...

Debt-laden Infrastructure Leasing & Financial Services (IL&FS) has repaid ₹48,463 crore to its lenders as of September 2025, taking the group close to 80% of its ₹61,000-crore debt resolution target.

Stakeholders in corporate insolvency resolution would do well to heed the advice veteran banker Uday Kotak had to offer as his tenure as the non-executive chairman of IL&FS ended last week. After the ...