The Government of India through a gazette notification has extended the term of banker Uday Kotak as the non-executive board member & chairman of scam hit Infrastructure Leasing & Financial Services Ltd (IL&FS) for a period of six months till April 2, 2022.
His current term through various extensions is scheduled to expire on October 2, 2021.
Commenting on Mr. Kotak’s extension as Non-Executive Chairman, IL&FS’s Managing Director C.S. Rajan said "IL&FS is privileged to enjoy the continued leadership of Mr. Kotak for another 6 months. I am confident that under his guidance IL&FS would accomplish the resolution targets set.”
Now, his term has been extended from October 3, 2021 to up to April 2, 2022 as the debt resolution process at IL&FS is still on.
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