Never too big to fail: the collapse of IL and FS and its ten trillion-rupee maze

Hasurkar, Sandeep

Never too big to fail: the collapse of IL and FS and its ten trillion-rupee maze - New Delhi Rupa Publications India Pvt. Ltd. 2020 - xii, 251 p.

Multiple stakeholders, including bankers, bureaucrats and other government authorities helped create an Icarus- the Infrastructure Leasing & Financial Services Limited, which soared higher and higher only to get burnt by its own ambitions. Its highly valued companies have gone bankrupt and are now being purchased at distress sale prices by the highest bidder.

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