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

In the news
5 Jun 2019

Lookout Circulars issued against 6 IFIN Directors

Acting on the SFIO request, lookout circulars have been issued against the six ex-directors of IFIN - Ravi Parthasarthy, Hari Sankaran, Ramesh Bawa, Arun Saha and K Ramchand - ET Reports

In the news
5 Jun 2019

Hearing in IL&FS fraud case begins on Friday

The first hearing of the IL&FS fraud case will begin hearing on Friday in the sessions court - FE reports

In the news
5 Jun 2019

SC allows SFIO to probe IL&FS books

The Supreme court on Tuesday allowed the SFIO to reopen and recast the accounts of IL&FS and two of its key subsidiaries of five years starting FY13

In the news
5 Jun 2019

ED summons Deloitte brass in IL&FS money laundering case

Trouble is mounting for audit firms as the ED issued summons to senior executives of Deloitte Haskins and Sells in connection with the ongoing money laundering probe against IL&FS.

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