IL&FS Case: Sebi Declines Icra's Consent Application
  • WebDesk BTVI
  • Aug 19 2019

Market regulator Sebi has declined credit rating agency Icra’s consent application in the IL&FS case. Icra along with two other credit rating agencies — CARE and India Ratings — are being for failing to ascertain risks and conducting due diligence in IL&FS. Sebi feels that timely intervention and alerts could have helped avoid IL&FS crisis.