Investing.com - Financial Markets Worldwide Search the website... Sign In/Free Sign Up Markets Crypto Charts News Comment Technicals Social Trading Brokers Tools Portfolio Education More Most Popular Forex Commodities Stock Markets Economic Indicators Economy General World Cryptocurrency News RPT-FOCUS-Saving the Titanic: India took control of IL&FS to avert "catastrophic" damage - gov't

The Indian government said it was forced to take control of ailing shadow banking firm Infrastructure Leasing & Financial Services (IL&FS) as it feared its collapse would cause "catastrophic" damage to the financial markets and the economy, a court filing shows

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