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Crisis-hit IL&FS will be taken over by the government as debt defaults by the infrastructure group have led to fears of contagion in the markets and a liquidity crisis. The National Company Law Tribunal (NCLT) on Monday ordered the IL&FS (Infrastructure Leasing and Financial Services) board suspended and allowed a government team to take control of the debt-ridden company. The new board, which includes banker Uday Kotak, will meet before October 8 and submit a roadmap before the next hearing of the tribunal on October 31. NDTV is one of the leaders in the production and broadcasting of un-biased and comprehensive news and entertainment programmes in India and abroad. NDTV delivers reliable information across all platforms: TV, Internet and Mobile. Subscribe for more videos: https://www.youtube.com/user/ndtv?sub... Like us on Facebook: / ndtv Follow us on Twitter: / ndtv Download the NDTV Apps: http://www.ndtv.com/page/apps Watch more videos: http://www.ndtv.com/video?yt