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

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

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

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

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

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

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

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

The Government detected at least 22 violations of auditing standards by Deloitte Haskins & Sells and KPMG Affiliate while investigating a fraud at a financial company leading it to seek a five year ban on the auditors, according to legal filings.

The SFIO probing the IL&FS case suspect the senior RBI officer may have had a role to play in the firm flouting rules, one of the key reasons for the collapse. It has suggested the RBI launch an internal investigation in the issue