More than Rs 53,000 crore of bank loans to the crisis hit IL&FS are likely to be added to the bad loan books of the banks, with NCLAT allowing lenders to classify default loans as NPAs. However, banks cannot initiate recovery process against IL&FS entities until the resolution is found
The investigations wing of corporate affairs ministry, the SFIO, on Wednesday questioned the audit partner of BSR in Delhi, widening the ambit of its probe into the role of IL&FS case
ED has restraint Mr S S Dalal - the man who took IL&FS overseas and led its PE foray - from selling his property in Mumbai
IL&FS MF on Tuesday paid Rs 314 crore to investors in one of its infrastructure debt fund, making on time redemption, said the company release.
IL&FS Mutual Fund (IDF) today made on-time redemption in its first debt fund series, IL&FS Infrastructure Debt Fund Series 1-A (IDF Scheme A), on its due date ie April 30, 2019. The Scheme redeemed Rs. 314 crore to the investors, which was paid out today. IDF Scheme A, 5-year closed ended scheme, had raised Rs. 238 crore from various Institutional Investors and was fully funded in April 2014.
ITNL International, a subsidiary of ITNL, has put another asset on the block. It is now looking to divest 49% stake in the Chongqing Yuhe Expressway Company Limited
SFIO on Wednesday quizzed Udayan Sen, ex CEO of Deloitte, and two others on alleged audit lapse in the books of IL&FS
RBI on Wednesday asked the banks to disclose their exposure to IL&FS and its Group identities in their notes to financial statements
GAIL EMERGES AS HIGHEST BIDDER FOR WIND ASSETS PORTFOLIO OF IL&FS The process was launched through a public invitation for expressions of interest, dated November 29, 2018. At the end of the binding bidding process, reached after comprehensive due-diligence including site visits across 12 sites spread across 7 states, GAIL (India) Limited has emerged as the highest bidder for 7 operating wind power plants (“SPVs”) having a total generation capacity of 874 MW.
Former IL&FS Financial Services CEO and MD, Mr Ramesh Bawa, has been sent to judicial custody by a magistrate in Mumbai.