In the news
9 Oct 2019

ILFS law firms get SFIO notice

The SFIO has asked India's top law firms and consultants to disclose all information they have on IL&FS. The Central agency under MCA has sought information for the past 10 years when the firm had advised and represented IL&FS for its subsidiaries and group companies. T

In the news
2 Oct 2019

We'll recover at least half the money - IL&FS (Business Standard)

The government appointed management committee of the IL&FS group says it expects at least half of the Group debt be resolved, recovered or restructured by March 2020

In the news
2 Oct 2019

50% debt recovery by March 2020: IL&FS (The Economic Times)

Uday Kotak-led board to address half Rs 97K crore debt through asset monetisation, restructuring and floating Invits

In the news
2 Oct 2019

Kotak says hopeful of 50% plus recovery at debt laden IL&FS

"We should be able to recover, restructure, resolve over 50% and cross the 50% mark based on our best judgement " said Mr Kotak, Chairman, IL&FS

Press release
1 Oct 2019

Press Conference - Presentation to Media by Board

The Board of Directors of IL&FS addressed the media on the completion of One year term.

In the news
20 Sep 2019

SFIO asks rating companies - CARE India Rating, Brickwork and ICRA - to share info on fees given by IL&FS

The SFIO and other regulators have asked four credit rating agencies - CARE ICRA India Ratings and Brickwork - for information on money they received from IL&FS and its subsidiaries as rating and non-rating fees to determine if there was any round tripping of funds or favor granted, said three people familiar with the development.

In the news
20 Sep 2019

IL&FS starts repaying Rs 5,071 crore to creditors

Debt laden IL&FS has started repaying the creditors of three group entities , with outstanding claims of Rs 5,071 crore, according to affidavit filed with appellate tribunal on Thursday

In the news
19 Sep 2019

SEBI slaps Rs 10 lakh fine on IL&FS

SEBI has slapped Rs 10 Lakh fine on IL&FS for not disclosing price sensitive information pertaining to fund raising through rights issue and asset divestment plan to stock exchange

In the news
19 Sep 2019

Haryana seeks CAG audit on Rapid Metro finances

The Haryana government, on Wednesday, approached the Punjab and Haryana High Court (HC) seeking appointment of the Comptroller and Auditor General (CAG) of India for conducting a forensic audit of the Rapid Metro’s finances.

In the news
10 Sep 2019

IL&FS unit to run Gurgaon Metro till Sept 17

The Punjab and Haryana High Court has adjourned the hearing on the dispute over the handover of Rapid Metro Rail Project in Gurgaon to September 17, 2019. Till then both RMGSL and RMGL will continue to run it, the court said

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