ilfs

IL&FS PMLA case: ED attaches Rs 452-cr worth assets of Singapore shell company

IL&FS PMLA case: ED attaches Rs 452-cr worth assets of Singapore shell company

The assets, provisionally attached under Prevention of Money Laundering Act (PMLA) provisions, are in the form of shares "belonging" to A...Read More

IL&FS gets approval to sell China road asset

IL&FS gets approval to sell China road asset

Justice Jain has been appointed to supervise the operation of the resolution process undertaken by debt-laden IL&FS.

Kapil Wadhawan now says ready to govern DHFL as per CoC's set standards

Kapil Wadhawan now says ready to govern DHFL as per CoC's set standards

Reiterating his new proposal to repay 100 per cent of the principal debt to the creditors, Kapil Wadhawan, the erstwhile promoter of the...Read More

Provisions above norm for Rs 1,454 crore exposure to IL&FS group, DHFL, RCap, Reliance Home Fin: GIC Re

Provisions above norm for Rs 1,454 crore exposure to IL&FS group, DHFL, RCap, Reliance Home Fin: GIC Re

General Insurance Corporation of India (GIC Re) said it has exposure totalling Rs 1,453.74 crore in IL&FS group, DHFL, Reliance Capit...Read More

IL&FS gets Justice Jain's nod to sell CNTL to Cube Highways, to address Rs 4,910 crore debt

IL&FS gets Justice Jain's nod to sell CNTL to Cube Highways, to address Rs 4,910 crore debt

The IL&FS Group has received Justice (retd) D.K. Jain's approval for sale of Chenani-Nashri Tunnelway Ltd (CNTL) to Cube Highways and...Read More

IL&FS receives binding offer for IEDCL, invites more EoIs

IL&FS receives binding offer for IEDCL, invites more EoIs

The crisis-hit infrastructure lending major has already received a binding offer which will be subject to bid process akin to the 'Swiss ...Read More

IL&FS Group executive vice-chairman Vineet Nayyar resigns on medical grounds

IL&FS Group executive vice-chairman Vineet Nayyar resigns on medical grounds

Debt-laden Infrastructure Leasing and Financial Services (IL&FS) Group on Monday announced the resignation of Vineet Nayyar, its exec...Read More

IL&FS invites EoIs for its 42% stake in engineering arm

IL&FS invites EoIs for its 42% stake in engineering arm

Infrastructure Leasing and Financial Services (IL&FS) has sought expressions of interest (EoI) for the 42.25 per cent stake it holds ...Read More

Govt extends term of Uday Kotak as IL&FS chairman by one year

Govt extends term of Uday Kotak as IL&FS chairman by one year

The government through a gazatte notification extended term of Kotak, who is managing director and chief executive officer of Kotak Mahin...Read More

IL&FS case: Sebi raises penalty to Rs 1 cr each on 3 rating agencies

IL&FS case: Sebi raises penalty to Rs 1 cr each on 3 rating agencies

The crisis at diversified IL&FS, whose board was superseded by the government, came to light in September 2018 and since then, the compan...Read More

IL&FS case: Sebi raises penalty to Rs 1 crore each on ICRA, CARE

IL&FS case: Sebi raises penalty to Rs 1 crore each on ICRA, CARE

Markets regulator Sebi on Tuesday enhanced the penalty amount to Rs 1 crore each on rating agencies ICRA and CARE in connection with laps...Read More

NCLT approves striking off IL&FS entity IIPL Laos

NCLT approves striking off IL&FS entity IIPL Laos

IIPL Laos is an "offshore IL&FS entity" in the IL&FS group, which was incorporated on April 24, 2017 under the laws of Singapore for the ...Read More

Profits inflated at IL&FS unit, KPMG arm in dock for lapses

Profits inflated at IL&FS unit, KPMG arm in dock for lapses

In its Audit Quality Review Report (AQRR), the NFRA laid down the audit lapses and violations of the KPMG arm as a statutory auditor of I...Read More

IL&FS case: 7-year ban on auditor

IL&FS case: 7-year ban on auditor

Udayan Sen was an engagement partner of Deloitte Haskins and Sells LLP, which conducted the statutory audit of IFIN for 2017-18.

IL&FS aims to resolve 57% debt despite Covid

IL&FS aims to resolve 57% debt despite Covid

The revised estimate is well above the 50 per cent mark of the overall debt of over Rs 99,000 crore.

Relief for Deloitte & KPMG as SC declines stay on Bombay HC order

Relief for Deloitte & KPMG as SC declines stay on Bombay HC order

A bench headed by Chief Justice S.A. Bobde and comprising Justices M.R. Shah and A.S. Bopanna said: "We want to penalize the government f...Read More

NCLT approves IL&FS stake sale in GIFTCL to Gujarat govt

NCLT approves IL&FS stake sale in GIFTCL to Gujarat govt

The Gujarat government has agreed to pay a positive equity value of 100 per cent of the IL&FS stake in GIFTCL, by which, the positive equ...Read More

NCLT approves sale of IL&FS stake in GIFT City to Gujarat govt

NCLT approves sale of IL&FS stake in GIFT City to Gujarat govt

New Delhi: The National Company Law Tribunal (NCLT) has allowed the debt-ridden IL&FS to sell its 50 per cent stake in the GIFT Cit...Read More

Bombay High Court quashes bail granted to IL&FS former official

Bombay High Court quashes bail granted to IL&FS former official

Justice C V Bhadang was hearing an application filed by the Serious Fraud Investigation Office (SFIO), challenging a sessions court's ord...Read More

IL&FS sells entire stake in IWPSL to ORIX Corp for Rs 6.05 cr

IL&FS sells entire stake in IWPSL to ORIX Corp for Rs 6.05 cr

Cash-strapped Infrastructure Leasing and Financial Services (IL&FS) on Thursday said it has sold its 100 per cent stake in IL&FS Wind Pow...Read More

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