IL&FS
Moneylife Digital Team 18 March 2021
The crisis-hit Infrastructure Leasing & Financial Services (IL&FS) had among its senior ranks several erstwhile high profile babus who had either retired from, or quit government service to join the organisation.

Read More

Moneylife Digital Team 17 March 2021
The Parliamentary Standing Committee on Finance, chaired by Jayant Sinha, has asked regulators Securities & Exchange Board of India (SEBI) and Reserve Bank of India (RBI) to review their regulations in the face of serious default crisis at Infrastructure Leasing & Financial Services (IL&FS).

Read More

National Highways Authority of India (NHAI) has completed settlement of Rs 707 crore towards Fagne Songadh Expressway Ltd (FSEL),

Read More

Moneylife Digital Team 22 January 2021
Crisis-hit Infrastructure Leasing & Financial Services (IL&FS) says the group has addressed a debt worth about Rs32,000 crore as of date.

Read More

IANS 07 January 2021
IL&FS Solar Power Limited (ISPL), an IL&FS Group company, has paid its entire debt amounting to nearly Rs 845 crore across all its creditors, including financial and operational debt, tax and statutory dues, without any preference to any creditor or class of creditors.

Read More

Moneylife Digital Team 26 November 2020
After receiving a binding offer, crisis-hit Infrastructure Leasing & Financial Services (IL&FS) has invited more expressions of interest (EoIs) for the sale of energy advisory business of IL&FS Energy Development Co Ltd (IEDCL). IL&FS and IL&FS group jointly hold 95.54% share in IEDCL.

Read More

Moneylife Digital Team 19 October 2020
Vineet Nayyar has resigned as executive vice chairman of Infrastructure Leasing & Financial Services (IL&FS) on medical grounds. CS Rajan,

Read More

Moneylife Digital Team 23 September 2020
Market regulator Securities and Exchange Board of India (SEBI) has increased its penalty to Rs1 crore each on India Ratings and Research Pvt Ltd,

Read More

In the past couple of weeks, two publications have published exclusive reports on the second forensic audit of ITNL (IL&FS Transportation Network Ltd). ITNL, like IFIN (IL&FS Financial Services), is one of the two big listed entities of the mammoth 347-company conglomerate that Ravi Parthasarathy built and destroyed before resigning in July 2018 on health grounds.

Read More

Moneylife Digital Team 27 May 2020
The principal bench of National Company Law Tribunal (NCLT) has allowed Infrastructure Leasing and Financial Services (IL&FS) to sell its entire 50% stake in Gujarat International Finance Tec-City Co Ltd (GIFT City) to the state government.

Read More

Moneylife Digital Team 25 May 2020
Crisis-hit Infrastructure Leasing and Financial Services (IL&FS) has decided to sell its entire 26% stake in ONGC Tripura Power Company (OTPC), its joint venture with state-run ONGC.

Read More

Moneylife Digital Team 22 April 2020
The Bombay High Court has quashed complaint filed by the Serious Fraud Investigation Office (SFIO) against Deloitte Haskins and Sells LLP and KPMG arm BSR & Associates in connection with the IL&FS Financial Services (IFIN) fraud case,

Read More

The government-appointed board of Infrastructure Leasing and Financial Services (IL&FS), is under pressure to speed up the messy resolution, having bled over Rs100 crore in legal fees and requesting another 270 days to resolve the issue

Read More

Moneylife Digital Team 17 February 2020
A national news agency has credited the department of economic affairs (DEA) under the ministry of finance of flagging the problem at Infrastructure Leasing & Financial Services (IL&FS) and warning the finance ministry of its impact on 30 September 2018.

Read More

Moneylife Digital Team 12 February 2020
The Ministry of Corporate Affairs (MCA) has requested the National Company Law Appellate Tribunal (NCLAT) to give additional 270 days for completing resolution of 105 companies of the scam-hit Infrastructure Leasing & Financial Services (IL&FS) group.

Read More

The resolution and action in Infrastructure Leasing and Financial Services (IL&FS)—a massive financial conglomerate of 347 entities that went bust with an outstanding debt of over Rs95,000 crore and triggered huge turmoil in the financial world—has been slow, patchy and selective

Read More

Moneylife Digital Team 14 January 2020
Crisis-hit IL&FS has sought expressions of interest (EoI) for the acquisition of IL&FS Environmental & Infrastructure Services Ltd and its subsidiaries.

Read More

Moneylife Digital Team 31 December 2019
Debt-ridden Infrastructure Leasing & Financial Services Ltd (IL&FS) is committed to completing the resolution process at the earliest and is working towards addressing significant portion of addressable debt by July 2020, says Uday Kotak, chairman of IL&FS

Read More

IANS 05 December 2019
Crisis-ridden IL&FS on Wednesday reported a net standalone loss of Rs 22,527 crore for the financial year 2018-19, compared to a net profit of Rs 333 crore during the previous year.

Read More

IANS 26 November 2019
The National Company Law Tribunal's (NCLT) Mumbai bench has directed the CEOs of Axis Bank and Standard Chartered Bank to be present in the next hearing of the IL&FS matter on 16th December

Read More

Free Helpline
Legal Credit
Feedback