In the news
25 Apr 2019

SFIO quizzes Deloitte ex CEO

SFIO on Wednesday quizzed Udayan Sen, ex CEO of Deloitte, and two others on alleged audit lapse in the books of IL&FS

In the news
25 Apr 2019

Disclose exposure to IL&FS group firm: RBI tells Bank

RBI on Wednesday asked the banks to disclose their exposure to IL&FS and its Group identities in their notes to financial statements

Press release
22 Apr 2019

GAIL emerges highest bidder for IL&FS Wind Asset Portfolio

GAIL EMERGES AS HIGHEST BIDDER FOR WIND ASSETS PORTFOLIO OF IL&FS The process was launched through a public invitation for expressions of interest, dated November 29, 2018. At the end of the binding bidding process, reached after comprehensive due-diligence including site visits across 12 sites spread across 7 states, GAIL (India) Limited has emerged as the highest bidder for 7 operating wind power plants (“SPVs”) having a total generation capacity of 874 MW.

In the news
19 Apr 2019

Former CEO of ILFS Financial sent to Judicial custody

Former IL&FS Financial Services CEO and MD, Mr Ramesh Bawa, has been sent to judicial custody by a magistrate in Mumbai.

In the news
17 Apr 2019

Bank must tag IL&FS account as NPA under default

RBI on Tuesday told the NCLAT that banks will have to classify the accounts of debt ridden IL&FS accounts and its Group companies as NPAs in terms of its master circular and the Supreme Court judgement

In the news
17 Apr 2019

Former IL&FS CMD's judicial custody extended till April 30

The Bombay High Court held the order by the Metropolitan court of sending Mr Hari Sankaran to Judicial custody as illegal. However, Mr Sankaran's custody was extended till April 30

In the news
17 Apr 2019

SFIO finds Deloitte due diligence below par in IL&FS arm audit

SFIO has found the audit of Deloitte Haskin and Sells did not exercise adequate due diligence while auditing the books of IL&FS arm

In the news
15 Apr 2019

IFIN CEO had direct role in diverting 17.5 cr: SFIO

SFIO has told the Mumbai Court that Ramesh Bawa, CEO and MD of IFIN, played a direct role in diverting as much as Rs 17.5K crore to make the accounts of certain borrowers and group companies look healthy

In the news
15 Apr 2019

Ousted IL&FS Execs may loose Bonus

The Government is looking to claw back bonuses and other benefits that accrued to the ousted top executives of IL&FS for leaving the company in a financial mess

In the news
14 Apr 2019

CEO of IL&FS arm held for loan approval irregularities

SFIO on Saturday arrested IL&FS Chief Ramesh Bawa for alleged irregularities in sanctions and disbursement of loans

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