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IL&FS unit gets new directors

Infrastructure Leasing & Financial Services Ltd., or IL&FS, said the National Company Law Tribunal in Mumbai named three new directors to the board of IL&FS Financial Services Ltd.

The tribunal appointed Vineet Nayyar, Nand Kishore and Malini Shankar as its nominee directors on IL&FS Financial Services' board.

The Indian government on Oct. 1 took over IL&FS and changed its management, which has been tasked with preparing a resolution plan for its debts. The decision was taken after serious corporate-related deficiencies in IL&FS and its subsidiaries were discovered.