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IL&FS crisis

IL&FS crisis: Independent directors come under corp affairs ministry scanner

The crisis at IL&FS, which is estimated to have a debt burden of over Rs 94,000 crore, came to light last year after some group companies defaulted on debt repayments.

May 15, 2019, 18:51 PM IST

IL&FS resolution on track; green cos' Rs 12,000 cr debt likely to be settled by July: Official

The board of diversified IL&FS group, which is estimated to have a debt burden of over Rs 94,000 crore, was superseded by the corporate affairs ministry in October last year.

May 09, 2019, 10:10 AM IST

RBI seeks modification of NCLAT order in ILFS case

A two-member NCLAT bench, headed by Justice S J Mukhopadhaya, has said that it would hear the RBI on the issue.

Mar 19, 2019, 18:02 PM IST

Lot of headway being made in IL&FS matter, says corp affairs secy

NCLAT has said that no bank or financial institution can declare the accounts of debt-ridden IL&FS.

Feb 26, 2019, 12:30 PM IST

IL&FS says unable to meet interest payment obligation

Infrastructure Leasing & Financial Services (IL&FS) and some its group entities in the past few months have defaulted debt repayments, triggering concerns over liquidity in the financial system.

Jan 18, 2019, 10:30 AM IST

NCLAT to hear plea over moratorium on dues recovery from IL&FS on Jan 28

A two-member bench headed by Justice S J Mukhopadhaya adjourned the matter after briefly hearing the submissions from IL&FS group and its lenders.

Dec 21, 2018, 12:40 PM IST

IL&FS puts its entire road assets on the block

The IL&FS group has appointed Arpwood Capital and JM Financial as financial transaction advisors along with Alvarez & Marsal as resolution consultants.

Dec 18, 2018, 14:43 PM IST