In the news
15 Aug 2019

Fifth Progress Report - IL&FS Board details Group asset monetisation process

The Board of IL&FS submitted its fifth progress report underlining the steps taken to pare debt and detail the status of asset monetisation process

In the news
15 Aug 2019

IL&FS didn't disclose NPA for 4 years

The RBI has said the beleaguered IL&FS did not disclose any NPAs for four years and there was wide variations observed between the report assessed position of asset classification, while estimating the company's bad debt, at over 70% on March 31, 2018

In the news
13 Aug 2019

IL&FS crisis deals fresh blow to Ladakh road link

The endless wait for all-weather connectivity to Ladakh just got longer due to crisis at IL&FS pushing up the cost by over 20% or around Rs 1400 crore to over 8,200 crore

In the news
12 Aug 2019

IL&FS files Wind Energy sale proposal with NCLT for final approval (1)

IL&FS has moved NCLT for completing sale of its Wind Energy Business to Orix of Japan

Press release
11 Aug 2019

IL&FS files Wind Energy sale proposal with NCLT for final approval

IL&FS has filed the proposal to complete sale of its stake in the Wind Energy business, held under IL&FS Wind Energy Limited (IWEL) to ORIX Corporation of Japan, with NCLT for final approval. The proposal has been filed before the Tribunal after completing binding Share Purchase Agreement with ORIX Corporation and obtaining “in-principle” approval from all lenders for completing this transaction, subject to NCLT approval.

In the news
9 Aug 2019

NCLAT pulls up MCA, IL&FS board for delay in resolution

NCLAT on Thursday pulled up the MCA and the newly appointed Board of IL&FS for inordinate delay in presenting the final resolution plan for the debt laden firm

In the news
30 Jul 2019

ED probes IL&FS 860 crore loan to Kohinoor square

The ED and SFIO are probing IL&FS groups loans and equity investments amounting to Rs 860 crore in Kohinoor CTNL, the company constructing Dadar's Kohinoor square towers

In the news
29 Jul 2019

IL&FS issue could precipitate today as brokers seek return of collateral

There could be more pain for IL&FS Securities for its trading partners on Monday. Some of its members, who are seeking return of their collateral from ISSL following the Allied Financial payment fiasco, let their derivative position expire on July 25

In the news
25 Jul 2019

On course to clear 20,000 cr debt, says IL&FS

IL&FS, which has a outstanding debt of Rs 94,216 crore said on Wednesday the Board has taken various steps to address over Rs 20,000 crore of its debt pile over the past nine-month

In the news
24 Jul 2019

SEBI asks for response on collusion with top brass

SEBI has sought explanations from all five credit rating agencies asking them to furnish responses over alleged lapses and possible collusion with IL&FS brass.

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