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IL&FS crisis News
23 Aug 2019
Complainant in Aircel-Maxis case ironically named in IL&FS case
Sivasankaran in his complaint with the CBI in 2011 had alleged that the then telecom minister Dayanidhi Maran coerced him to sell his stake in Aircel which he had founded.
03 Jul 2019
How IL&FS colluded with rating agencies
The Serious Fraud Investigation Office (SFIO) report points out gaping holes in the style of functioning of rating agencies which were complicit with the rogue management.
19 Jun 2019
IL&FS crisis: ED arrests ITNL MD Arun K Saha, CEO K Ramchand
The crisis at IL&FS came to light last year after some group companies defaulted on debt repayments.
15 May 2019
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.
09 May 2019
IL&FS resolution on track; green cos' debt likely to be settled by July
The board of diversified IL&FS group, which is estimated to have a debt burden of over Rs 94,000 crore, was superseded by the corporate affairs ministry in October last year.
Reserve Bank of India
19 Mar 2019
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.
26 Feb 2019
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.
18 Jan 2019
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.
21 Dec 2018
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.
18 Dec 2018
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.
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