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Even British Airways and Philips stand to lose money in India's biggest financial scandal of 2018

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Ahead of the debt resolution process of infra lender IL&FS, well-known companies are trying to get their voices heard in the insolvency proceedings.

BA's contention is that their provident funds had invested in bonds and debt instruments issued by the cash-strapped infrastructure lender.Ahead of the debt resolution process of troubled infra lender IL&FS, a number of well-known companies are trying to get their voices heard in the insolvency proceedings.

Their contention is that their provident funds had been invested in bonds and debt instruments issued by the cash-strapped infrastructure lender.

 

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