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IL&FS crisis: Govt appointed board hints at corruption by past management; to conduct special audit of key group of cos
•The new IL&FS board pegged the total debt of the group by over Rs 3,000 crore at Rs 94,215.6 crore as of 8 October
IL&FS, 40 of its subsidiaries move National Company Law Tribunal seeking to restructure debt
Fp Staff •In a letter to its employees, IL&FS had claimed that if funds worth Rs 16,000 crore stuck with concession authorities were released on time, it would not have landed in this mess.