close

News WrapGet Handpicked Stories from our editors directly to your mailbox

IL&FS

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The board of diversified IL&FS group, which is estimated to have a debt burden of over Rs 94,000 crore, was superseded by the corporate affairs ministry in October last year.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

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

NCLAT stays proceedings against IL&FS, group companies

A two-member NCLAT bench headed by Justice S J Mukhopadhaya has asked the top five lenders of IL&FS to submit their replies over the government's plea for 90 days moratorium.

Oct 15, 2018, 13:00 PM IST

IL&FS wins shareholder approval for restructuring plan

The shareholder approval gives the privately-held Indian infrastructure financing and construction firm a lifeline and time to sell some of its infrastructure assets and restructure its 910 billion rupee ($12.55 billion) debt pile.

Oct 01, 2018, 11:13 AM IST

PM Modi wants to use public money to save crisis-hit IL&FS: Rahul Gandhi

The IL&FS group is facing a serious liquidity crisis and has defaulted on interest payment on various debt repayments since August 27.

Sep 30, 2018, 18:35 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

Exclusive: e-Registration project scam by IL&FS in Odisha

Watch how IL&FS pulled a 100 crore e-registration project scam in Odisha.

Jul 18, 2015, 23:55 PM IST

Noida CEO recommends CAG audit of DND toll operator

Amid growing demands for making the Delhi-Noida-Delhi (DND) flyway toll-free, serious allegations of corruption against the firm which operates it have also come to fore.

Jun 09, 2015, 12:38 PM IST

DNA: Complete analysis of DND toll scam

DNA in this episode analyses the entire story of DND toll scam

Jun 09, 2015, 08:48 AM IST