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IL&FS debt

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

RBI withdraws circular asking banks to declare exposure to IL&FS

Last week, the National Company Law Appellate Tribunal (NCLAT) had allowed banks to declare their defaulting accounts of Infrastructure Leasing & Financial Services (IL&FS) and its group companies as non-performing assets.

May 10, 2019, 12:30 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The board of diversified IL&FS group, which is estimated to have a debt burden of over Rs 94,000 crore, was superseded by the corporate affairs ministry in October last year.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

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

IL&FS ex-directors seek clarification on asset freeze from NCLT

The order had restrained the former directors from mortgaging, or third-party interests or in any way alienating movable or immovable or jointly held properties.

Jan 17, 2019, 15:12 PM IST

NCLAT suggests appointing a former Supreme Court judge for IL&FS asset sales

The new management of the IL&FS is considering assets sales to bail out the company from its financial mess and pay back to its lenders over Rs 90,000 crore.

Jan 11, 2019, 18:21 PM IST

IL&FS puts commercial, residential properties up for sale

It has invited bids from interested buyers for properties (commercial and residential) in Mumbai and one in Kolkata.

Dec 31, 2018, 17:56 PM 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

IL&FS board frames new roadmap to address lenders queries

The NCLAT was hearing a bunch of petitions seeking initiation of insolvency proceedings against IL&FS.

Nov 14, 2018, 11:39 AM IST

Government may come with 3-pronged strategy to deal with IL&FS payment issues

IL&FS and its subsidiaries are facing liquidity crisis and have defaulted on several debt repayments recently.

Oct 11, 2018, 18:00 PM IST

SFIO starts probe into IL&FS crisis

In a rare move, the government has superseded the board of IL&FS on Monday against the backdrop of debt defaults by some of its group entities that triggered fears of liquidity crunch.

Oct 03, 2018, 17:48 PM IST

Government's rescue of debt-ridden IL&FS may spell major losses for lenders

But IL&FS had compromised on corporate governance and risk management norms, the government told the company law tribunal on Monday as it explained why it intended to take over the firm.

Oct 03, 2018, 15:47 PM IST

NCLT allows dismissal of IL&FS board; appoints new 6-member board

A new 6-member board headed by Uday Kotak will lead the debt ridden IL&FS board.

Oct 01, 2018, 16:33 PM IST

Govt moves NCLT for management change at IL&FS

Sources close to IL&FS said it is likely to support the application as it will help resolve all the pending issues and reach at a comprehensive solution for the benefit of all stakeholders.

Oct 01, 2018, 15:12 PM IST

India's shadow banking sector likely to face shake-up after IL&FS default

The NBFC loan books have grown at nearly twice the pace of banks, and the cream of them, including IL&FS, had received top credit ratings.

Sep 28, 2018, 15:03 PM IST

IL&FS looks to exit project financing: Report

The report comes a day after the company`s IL&FS Financial Services Ltd unit said it missed repayments on a host of bank loans and some term deposits due this month.

Sep 28, 2018, 12:31 PM IST

RBI cancels meeting with IL&FS shareholders

IL&FS's annual general meeting is scheduled for September 29 here.

Sep 27, 2018, 17:49 PM IST

IL&FS will not be allowed to collapse, all options open: LIC chief

The Life Insurance Corporation (LIC) has the largest shareholding in IL&FS.

Sep 26, 2018, 15:35 PM IST