Press release
30 Aug 2019

IL&FS RECEIVES BINDING BIDS FOR 10 ROAD ASSETS

IL&FS today received binding bids for ten road assets in its domestic roads transportation vertical. These 10 road assets that account for total debt of over Rs. 17,700 crore (nearly 19% of total group debt), received 14 binding bids from multiple bidders.

In the news
29 Aug 2019

ILFS can sell 51% stake in Wind units to Japanese Investor

NCLT has approved the sale of units to Japanese partner and asked the company to deposit the money in interest bearing account for now

In the news
28 Aug 2019

Debt, Destruction and Dithering - A Year after IL&FS collapse

When the Government superseded the IL&FS Board and appointed Uday Kotak to head it, there was hope of quick resolution. But the complexities and lack of legal framework to handle financial institution bankruptcy have clogged the system

In the news
28 Aug 2019

IL&FS Securities fraud; SC asks NCL to release cash collateral of Rs 460 cr

In a case related to IL&FS securities fraud, the Supreme Court on Tuesday directed the NCL to release cash collateral of Rs 460 crore, extended by clearing broker IL&FS Securities Limited, towards F&O trade

In the news
19 Aug 2019

SEBI Rejects ICRA's settlement Application in IL&FS case

SEBI has rejected credit rating agency ICRA's consent application in the IL&FS case. ICRA has been seeking to arrive at a settlement in the matter of raters not having given warning of IL&FS default in September last year.

In the news
17 Aug 2019

ED files first persecution plaint in IL&FS case, names ex-directors

The Enforcement Directorate has submitted its first prosecution in the first IL&FS case. While the document, which is similar to the charge sheet, names former directors of IL&FS and its group companies.

In the news
16 Aug 2019

Red IL&FS companies account for nearly two-third of total debt

Out of the total group debt of Rs 89000 crore, as much as Rs 61,375 crore was held by over 82 entities that were not able to meet payment obligation even to senior secured financial lenders.

In the news
16 Aug 2019

Banks debited Rs 758 crore from IL&FS Accounts

Banks and Financial institutions debited more than Rs 758 crore from the accounts of IL&FS and its group companies from October 2018 to June 2019 despite orders from NCLAT, MCA has told NCLT in its filing

In the news
15 Aug 2019

EY and other audit firms also under lens

EY, the audit firm of ITNL, and its peers firms are facing questions from the state appointed board of its parent and the central fraud probe teams on the alleged irregularities at the unit of the stressed infrastructure financier.

In the news
15 Aug 2019

Grant Thornton alleges lapses in IL&FS deals with Allied Financial Services

Grant Thornton, which has conducted forensic audit of ISSL, has found what it alleges as multiple operational lapses and high value trade anomalies in the transaction with its client Allied Financial Services

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