In the news
12 Jun 2019

IL&FS top executive bent norms to favor Ansals

Even as investigating agencies probe former top executives of IL&FS Group for alleged irregularities in the business affairs of the company, investigation reports reports on the group reveals an alleged nexus between one of them - Ramesh Bawa (former MD of IFIN) and the Ansals Group

In the news
12 Jun 2019

After Auditors, rating firms face govt heat

MCA may invoke Section 447 of Companies Act to slap penalty and suspend some agencies in IL&FS case

In the news
12 Jun 2019

RBI seeks fortnightly update on fin Action taken by IFIN Board

After the SFIO charge sheet suggested that the RBI should conduct an inquiry, the RBI has written to IL&FS Financial Services Board to take action on the supervisory concerns and appraise the progress every fortnight

In the news
12 Jun 2019

Loan to IL&FS: Indusind Bank acted on Assurance from SBI, LIC

Stakeholder assurance gave an impression that everything was on track in the company

In the news
11 Jun 2019

Govt moves NCLT to seek 5-yr ban on Deloitte, BSR

Tribunal directs MCA to provide charge sheet to audit firms, gives them 10 day to respond. The Central government on Monday took the unexpected step of seeking ban on auditors Deloitte Haskins & Sells and BSR & Co for their alleged role in helping hide bad loans at the bankrupt IL&FS Financial Services

In the news
11 Jun 2019

SFIO lens on IL&FS Transportation

After IL&FS Financial Services, the SFIO has now started probing alleged irregularities in IL&FS Transportation Network

In the news
11 Jun 2019

IL&FS seeks to dissolve 15 group firms

Board aims to recover around Rs 15 crore from the liquidation of these companies

In the news
11 Jun 2019

IL&FS board extends deadline for submission of claims

The Board of IL&FS has extended the deadline for filing of claims from June 5 to June 20, 2019

Press release
10 Jun 2019

IL&FS EXTENDS LAST DATE FOR FILING OF CLAIMS UNDER CLAIMS MANAGEMENT PROCESS

The New Board of IL&FS, as part of the overall resolution process for the IL&FS Group, has extended the last day of filing of claims, under its claims management process, from earlier deadline of June 5, 2019 to a new date of June 20, 2019. This extension is pursuant to the order passed by the Hon’ble NCLAT on May 29, 2019, wherein the court had extended the period for lenders to file their claims by June 20th, 2019.

In the news
10 Jun 2019

IL&FS may file contempt against banks for unauthorized withdrawals

The government appointed board of IL&FS is likely to file contempt proceedings against nine large banks including Bank Of Baroda, HDFC Bank, Yes Bank, Punjab and Sind Bank, Punjab National bank and Indian bank - for unauthorised withdrawals to the extend of Rs 800 crore during the moratorium period

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