In the news
27 Jun 2019

Supreme Court stays settlement of illegal Allied trades

The Supreme Court order provides relief for IL&FS as it must await judiciary bodies orders, not pay from own pocket

In the news
26 Jun 2019

Govt pays IL&FS lenders to avoid default on sovereign guarantee

The Govt has paid upto Rs 25 crore to ADB and KFW on sovereign guarantees issued on behalf of IL&FS and is staring at another Rs 250 crore payout towards guaranteed IL&FS loans

In the news
26 Jun 2019

IL&FS firms prepare books as per INDAS

Company will take last audited results as the base to prepare financial statement; accounts need to be ready by September 30, 2019

In the news
21 Jun 2019

IL&FS arm gets approval to revive Birpur-Bihpur project

Financially troubled IL&FS Engg and Construction Company is witnessing early improvement in its road portfolio with a go ahead to start work on one of its road project which was earlier up for foreclosure

In the news
21 Jun 2019

No Action on IL&FS Babus

IL&FS thrived due to its bureaucratic cover, time to go after them.

In the news
21 Jun 2019

BSR Resigns as IFIN auditors

BSR @ Associates, which has resigned as the auditors of IFIN said it has also filed replies to the petitions and applications filed by MCA with NCLT

In the news
21 Jun 2019

IL&FS faces 380 crore hit on Allied dodgy deal

Company had given collateral to IL&FS Securities Services in the form of MF units, later found to be stolen

In the news
20 Jun 2019

ED arrests 2 former IL&FS executives in PMLA probe

ED on Wednesday arrested two former IL&FS executives - Arun Saha (former joint MD of IL&FS and Director IFIN) and K Ramchand (former MD, ITNL) in connection with Money laundering investigations

In the news
19 Jun 2019

ED may Probe IFIN transactions for Possible Money Laundering

New probe based on the finding of SFIO is likely to target six erstwhile directors of IL&FS arm. The ED is likely to probe the transactions of IFIN for possible money laundering registering a second case in the central agency's investigations into the affair of IL&FS Group - ET Report

In the news
17 Jun 2019

MCA looks to freeze IL&FS Director's properties

MCA is expeced to move court for freezing the bank accounts and properties of some of the past directors of IL&FS Group. The ministry would soon apply before the NCLT to widen the net in the IL&FS probe : ET reports

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