We are in dire straits, please help us: IL&FS urged govt
The ousted Vice Chairman of crisis-hit Infrastructure Leasing & Financial Services (IL&FS), Hari Sankaran had urged the Finance Ministry 10 days ago, "We are in dire straits... please help us," according to Livemint. SB Mathur, the former non-executive Chairman of IL&FS, too had pleaded with the government and RBI seeking support. The government took control of IL&FS earlier this month. 