In the news
20 Jul 2019

Former IL&FS auditors question NCLT jurisdiction to ban them

For mer auditors of IL&FS, Deloitte Haskins and Sells and BSRA, reiterated their contention on Friday that NCLT has no jurisdiction to ban them

Press release
18 Jul 2019

IL&FS completes First Phase of Forensic Audit on Credit Rating Agencies (CRA)

IL&FS has completed first phase of forensic audit on Credit Rating Agencies engaged with Group Companies in last ten years. The audit evaluates the role of CRAs in rating various debt instruments and facilitating excessive borrowings from money markets across Group companies that eventually led to defaults.

In the news
16 Jul 2019

SEBI questions SEBI on IL&FS fraud probe

The Supreme Court on Monday asked SEBI why it should not be directed to probe IL&FS fraud and protect investors

In the news
16 Jul 2019

Three IL&FS entities, with Rs 5000 crore debt, ink pact with secured lenders

As part of the ongoing resolution process, IL&FS has signed binding agreements with secured lenders of three entities - MBEL, Jharkhand Road and West Gujarat Expressway

In the news
15 Jul 2019

IFIN former CEO Bawa says LIC didnt back Piramal's IL&FS bid

Probe by SFIO also reveals attempts by top IL&FS management to influence credit rating

Press release
15 Jul 2019

IL&FS SIGNS BINDING TERM-SHEET WITH LENDERS OF THREE ENTITIES

IL&FS has signed binding term sheet with secured lenders of three entities, as part of its resolution process. The entities for which the binding term sheet has been signed include - Moradabad Bareilly Expressway Limited, Jharkhand Road Projects and West Gujarat Expressway Limited. With this term sheet, these three entities have now been moved them from Amber to Green, as per the Hon’ble NCLAT order July 12, 2019.

In the news
13 Jul 2019

Three IL&FS Group Cos to service Rs 3,300 crore debt

IL&FS and Lenders reach pact, Company says it will take up 10 more companies next

In the news
2 Jul 2019

IL&FS - Miles to go for Resolution - BS Analysis

The 270-day NCLT deadline is over but the new Board and the investigating agencies are just about warming up

Press release
30 Jun 2019

IL&FS Board meeting on June 28, 2019

Highlights of the IL&FS Board meeting held on June 28, 2019 where the Board reviewed the resolution progress and formed a committee to finalise asset wise resolution with lenders

In the news
28 Jun 2019

IL&FS crisis has disciplined NBFCS

The RBI, in its stability report released on Thursday, said that IL&FS case has brought the NBFC sector under greater market discipline as better performing companies continue to raise funds while the ones with asset quality concerns were subjected to higher borrowing costs

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