In the news
2 Apr 2019

SFIO arrests former IL&FS Vice Chairman Hari Sankaran

The Serious Fraud Investigation Office (SFIO) has made its first big arrest in the IL&FS by taking its former vice-chairman Mr Hari Sankaran into custody today.

In the news
27 Mar 2019

No taker for jobs of Independent Directors in IL&FS Group Companies

The position of Independent Directors in IL&FS and its Group companies, once a prized job for retired bureaucrats and top corporate executives, has lost its shine - as many as 77 positions are vacant and there are few takers

In the news
25 Mar 2019

Rating the Rater - No Easy Solution

IL&FS defaults highlights the need to tighten the regulatory framework governing Credit Rating agencies

In the news
25 Mar 2019

Immunity Sought for People hired by IL&FS Board

Board of IL&FS wants immunity for Directors, Financial Advisors from any Financial, Legal or Regulatory Liability. ET Reports

In the news
20 Mar 2019

RBI Moves NCLAT against curbs on NPA Tag for IL&FS Group Companies

RBI has moved NCLAT against its order restricting financial institutions from identifying the accounts of debt laden IL&FS group companies as NPA. The Bench, however, replied that it had not prohibited banks from recoqnising NPAs but has only asked the banks to seek the permission from NCLAT before doing so

In the news
19 Mar 2019

Making Headway

Asset Monetisation is the best way forward for IL&FS, but it is likely to be a long drawn process

In the news
19 Mar 2019

Former IFIN Directors say they were'nt told of Board Decisions

Restructured Board says former executives had failed to discharge duties and raise red flags

In the news
18 Mar 2019

IL&FS to receive first set of bids today

IL&FS to receive first set of bids today for its renewable energy business as part of the Asset Monetization process launch by the new Board in its proposed Resolution plan.

In the news
15 Mar 2019

Government unveils new Policy to revive stalled highway projects

New Policy to revive over Rs 30,000 crore of stalled highway projects was announced by the government today

In the news
5 Mar 2019

IL&FS Sends Show Cause to Former Board of IFIN

Days after Grant Thornton (GT) India LLP submitted its interim report detailing out irregularities in the embattled Infrastructure Leasing and Financial Services (IL&FS), the new government-appointed board of IL&FS has sent show cause notices to the erstwhile board of IL&FS Financial Services Ltd (IFIN) asking why criminal action shouldn’t be initiated against them.

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