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Podcast: Moneylife News Bites
Episode: Tirupur Water Project: A Cautionary Tale of Mismanagement and Litigation
Description: There is a legal dispute involving Infrastructure Leasing & Financial Services (IL&FS) and New Tirupur Area Development Corporation Ltd (NTADCL), a water management company in Tamil Nadu. NTADCL, initially a promising project, faced mismanagement and a 2012 debt restructuring. IL&FS, controlling NTADCL indirectly, has taken legal action due to halted loan repayments. Listen to this week's episode as Sucheta Dalal explains IL&FS management's failure to address internal issues and emphasises the need for resolution in the water-starved state of Tamil Nadu. Hosted on Acast. See acast.com/privacy for more information.