Centre extends Uday Kotak’s term at IL&FS

The Government of India has extended the term of banker Uday Kotak as non-executive board member and chairman of the scam-tainted Infrastructure Leasing & Financial Services Ltd. (IL&FS) by six months till April 2, 2022.

His current term is scheduled to expire on October 2.

“IL&FS is privileged to enjoy the continued leadership of Mr. Kotak for another six months,” said C.S. Rajan,MD. “ I am confident that under his guidance IL&FS would accomplish the resolution targets set.”

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