https://www.taxtmi.com/caselaws?id=289976 The Tribunal allowed the impleadment of Mrs. Asha Kiran Bawa and Ms. Akansha Bawa as respondents in a case involving Infrastructure Leasing and Financial Services Ltd. (IL&FS) due to allegations of misfeasance and non-compliance with restraining orders. The restraining orders were extended to the newly impleaded respondents to prevent asset alienation. Additionally, the Tribunal granted dispensation to IL&FS from appointing independent and women directors during the moratorium period, citing challenges in finding suitable candidates given the financial crisis. Efforts were encouraged to appoint more independent and women directors in the future. en-us Fri, 26 Apr 2019 00:00:00 +0530 Wed, 02 Sep 2020 00:23:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289976 The Tribunal allowed the impleadment of Mrs. Asha Kiran Bawa and Ms. Akansha Bawa as respondents in a case involving Infrastructure Leasing and Financial Services Ltd. (IL&FS) due to allegations of misfeasance and non-compliance with restraining orders. The restraining orders were extended to the newly impleaded respondents to prevent asset alienation. Additionally, the Tribunal granted dispensation to IL&FS from appointing independent and women directors during the moratorium period, citing challenges in finding suitable candidates given the financial crisis. Efforts were encouraged to appoint more independent and women directors in the future. Case-Laws Companies Law Fri, 26 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289976