Current Affairs - Persons - Discussion

Vineet Nayyar has been appointed as the Vice-chairman and Managing Director (MD) of the Infrastructure Leasing & Financial Services (IL&FS). Nand Kishore was appointed as the chairman of the audit committee and GC Chaturvedi as the chairperson of the Remuneration Committee. The appointments were made by the new board of IL&FS that was formed on 1st October 2018, following allegations on the IL&FS group regarding defaults in loan payment and corporate governance issues. The control of IL&FS was given to the six-member board headed by Uday Kotak as non-executive chairman of IL&FS.