In the news
25 Mar 2019

Immunity Sought for People hired by IL&FS Board

Board of IL&FS wants immunity for Directors, Financial Advisors from any Financial, Legal or Regulatory Liability. ET Reports

In the news
20 Mar 2019

RBI Moves NCLAT against curbs on NPA Tag for IL&FS Group Companies

RBI has moved NCLAT against its order restricting financial institutions from identifying the accounts of debt laden IL&FS group companies as NPA. The Bench, however, replied that it had not prohibited banks from recoqnising NPAs but has only asked the banks to seek the permission from NCLAT before doing so

In the news
19 Mar 2019

Making Headway

Asset Monetisation is the best way forward for IL&FS, but it is likely to be a long drawn process

In the news
19 Mar 2019

Former IFIN Directors say they were'nt told of Board Decisions

Restructured Board says former executives had failed to discharge duties and raise red flags

In the news
18 Mar 2019

IL&FS to receive first set of bids today

IL&FS to receive first set of bids today for its renewable energy business as part of the Asset Monetization process launch by the new Board in its proposed Resolution plan.

In the news
15 Mar 2019

Government unveils new Policy to revive stalled highway projects

New Policy to revive over Rs 30,000 crore of stalled highway projects was announced by the government today

In the news
5 Mar 2019

IL&FS Sends Show Cause to Former Board of IFIN

Days after Grant Thornton (GT) India LLP submitted its interim report detailing out irregularities in the embattled Infrastructure Leasing and Financial Services (IL&FS), the new government-appointed board of IL&FS has sent show cause notices to the erstwhile board of IL&FS Financial Services Ltd (IFIN) asking why criminal action shouldn’t be initiated against them.

In the news
4 Mar 2019

Grant Thornton Flags Rs 13kcr IL&FS Dealings as Suspect

Transactions worth more than Rs 13,000 crore at Infrastructure Leasing & Financial Services (IL&FS) could be linked to irregularities such as conflicts of interest, inadequate risk assessment and deviation from banking norms, audit firm Grant Thornton India has said in its interim report to the board of the embattled infrastructure financier.

In the news
28 Feb 2019

IL&FS sees mgmt collusion, fraud in IFIN’s bad loans

The government-appointed board of IL&FS is planning to initiate criminal proceedings against several defaulters of IL&FS Financial Services (IFIN), charging them of colluding with the erstwhile management. This is after discovering large-scale irregularities, which includes ever-greening of loans and funds being routed to entities.

In the news
26 Feb 2019

IL&FS lenders to save Rs 10,000 crore in Q4 post NCLAT breather

A bankruptcy appeals court ruling, which ordered Monday that no loan account of IL&FS and its units be put into the nonperforming category without its approval, would save lenders about Rs 10,000 crore in March-quarter provisioning costs, two people aware of the development said.

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