IL&FS
Moneylife Digital Team 27 September 2022
The ministry of corporate affairs (MCA) appointed Nand Kishore as managing director (MD) of crisis-hit Infrastructure Leasing and Finance Ltd (IL&FS),

Read More

Moneylife Digital Team 01 August 2022
The Supreme Court has asked HDFC Bank Ltd and Housing Development Finance Corporation Ltd (HDFC) to submit details of funds withdrawn from the escrow account of Infrastructure Leasing and Financial Services Ltd (IL&FS).

Read More

The beleaguered IL&FS group on Thursday said it has completed to sale transactions that netted a total of about Rs.77.5 crore.

Read More

Moneylife Digital Team 24 June 2022
Audit regulator the National Financial Reporting Authority (NFRA) has found several deficiencies in the statutory audit conducted by SRBC & Co LLP,

Read More

The National Company Law Appellate Tribunal (NCLAT) has directed the new board of Infrastructure Leasing & Financial Services (IL&FS) to make interim payout to creditors after prior approval of the new board, the tribunal said in an order.

Read More

Moneylife Digital Team 27 April 2022
Ravi Parthasarathy, the man who built Infrastructure Leasing & Financial Services (IL&FS) into a gigantic hydra-headed conglomerate passed away today after suffering from cancer for several years.

Read More

Moneylife Digital Team 22 April 2022
The Bombay High Court has dismissed a plea filed by Hari Sankaran, former vice chairman, Infrastructure Leasing and Finance Ltd (IL&FS) against his claimed illegal detention without taking any cognisance of the charge-sheet submitted by the Serious Fraud Investigation Office (SFIO).

Read More

Moneylife Digital Team 29 March 2022
The term of Uday Kotak, who was appointed as chairman of crisis-hit Infrastructure Leasing and Finance Ltd (IL&FS) is ending this week and the Union government has appointed CS Rajan, who is managing director (MD), as the new chairman for six months.

Read More

A massive sum of Rs182 crore has been paid out in legal, consulting and audit fees to the team working on the resolution of the giant Infrastructure Leasing & Financial Services (IL&FS).

Read More

The saga of a Siddhapurush / Himalayan yogi guiding decisions of the managing director (MD) of the National Stock Exchange (NSE) drowned out new findings in another equally huge scam whose investigation is dragging exactly like the co-location (Colo) scam.

Read More

The Romans had, among other religious aspects, fixed 15th March, popularly the ides of March,

Read More

Moneylife Digital Team 15 March 2022
State-run Punjab National Bank (PNB) on Tuesday reported a fraud worth Rs2,060 crore in the non-performing asset (NPA) account of IL&FS Tamil Nadu Power Company Ltd (ITPCL) at its extra-large corporate branch at Delhi.

Read More

Moneylife Digital Team 19 February 2022
The forensic audit report of IL&FS Transportation Networks (ITNL) and its special purpose vehicles (SPVs) by Grant Thornton, shows gross financial mismanagement, withdrawal of funds from projects by ITNL leading to large cost overruns and accounting manipulation.

Read More

Urvi Mahajani (Free Press Journal) 20 January 2022
The Serious Fraud Investigation Office (SFIO) has contended before the Bombay High Court that a trial court can pass an order extending remand of an accused in the absence of cognisance of the charge sheet.

Read More

IANS 05 January 2022
The IL&FS Group has completed sale of its 26 per cent stake in ONGC Tripura Power Company (OTPC) to Gas Authority of India Limited (GAIL) at an aggregate valuation of Rs 1,227 crore.

Read More

IANS 26 November 2021
The IL&FS Group on Thursday completed the sale of its 52.26 per cent stake in Terracis Technologies Ltd (TTL) to Falcon SG Holdings of the Philippines.

Read More

IANS 24 November 2021
The IL&FS Group has completed the sale of its 71.84 per cent stake in IL&FS Prime Terminals FZC (IPTF) to VTTI Terminal IBV (VTT I).

Read More

Moneylife Digital Team 02 November 2021
The crisis-hit Infrastructure Leasing and Finance Ltd (IL&FS) group has addressed a debt of about Rs52,200 to date.

Read More

IANS 11 October 2021
The board of beleaguered infrastructure financier IL&FS has approved the appointment of CNK & Associates LLP as the statutory auditor in casual vacancy for FY 2020-21.

Read More

IANS 27 September 2021
IL&FS Financial Services (IFIN) has put its non performing asset (NPA) portfolio of approx Rs 4,300 crore up for sale as part of plan to bring down overall group level debt.

Read More

Free Helpline
Legal Credit
Feedback