IL&FS lays out road map to address over Rs 57,000 cr of debt

Of this, the group estimates to address close to Rs 50,500 crore of its debt by March 2021 and an additional debt of Rs 6,600 crore beyond FY21. However, it did not give any timeline for addressing the additional debt of Rs 6,600 crore.

Jul 20, 2020, 17:08 PM IST

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.

Aug 23, 2019, 09:34 AM IST

Loans from NBFCs to developers halved in FY19: Report

The report observed that default by leading NBFC, IL&FS, in scheduled payments led to a liquidity squeeze in the real estate sector since September 2018.

Aug 22, 2019, 11:08 AM IST

ED lays bare IL&FS cabal modus operandi of Rs 7,400 cr loot and scoot

The conclusion is that it was pretty much a circus with Ravi Parthasarthy as the ringmaster or even King as the rest of the crew played courtiers.

Aug 21, 2019, 11:45 AM IST

ED sends notice to Raj Thackeray in connection with IL&FS scam case

The ED has summoned Maharashtra Navnirman Sena chief as well as Shiv Sena leader Manohar Joshi's son Unmesh Joshi.

Aug 19, 2019, 09:57 AM IST

IL&FS cuts nearly 50% staff since October for cost cutting

In its fifth progress report on the group`s resolution process and the way forward, submitted to the Mumbai-bench of the National Company Law Tribunal (NCLT), the company said that the measure has helped reduce its wage bill by nearly 47 per cent.

Aug 14, 2019, 17:15 PM IST

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.

Jul 03, 2019, 10:46 AM IST

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.


Jun 19, 2019, 21:58 PM IST

Sebi tightens disclosure norms for credit rating agencies

The regulator's move comes against the backdrop of rising instances of debt defaults and concerns over the role of credit rating agencies in assessing the possible risks.

Jun 14, 2019, 10:11 AM IST

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

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

Govt submits resolution plan for IL&FS, suggests name of Justice D K Jain to supervise process

The entire resolution process would be based on the principles enunciated in the Insolvency and Bankruptcy Code.

Feb 05, 2019, 12:12 PM IST

IL&FS, NCLT accounts roil BoI nos; net loss soars to Rs 4,738 crore

The city-based bank, under the prompt corrective action (PCA) framework of the Reserve Bank since 2017, had reported a net loss of Rs 2,341 crore in the year-ago period.

Jan 29, 2019, 09:54 AM 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

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 to sell stake in education, wealth management arms

IIML manages private equity funds, infra debt funds, among others and has assets under management of around Rs 13,340 crore.

Dec 21, 2018, 11:48 AM IST