Government Says IL&FS Downfall Largely Due To Wrong Decisions Before 2014: 10 Points

The IL&FS Group, especially its subsidiaries IL&FS Engineering and Construction Company (IL&FS Engineering) and IL&FS Transportation Networks, entered into major problems beginning 2012, the government said in its statement on Monday. Those problems led to massive delays in execution of projects and a number of projects had become stalled infrastructure projects even before 2014, it said. "This affected their financial performanc...