The Board of IL&FS held its second press conference and shared an update on the Progress made in the last six months. The presentation made is enclosed
The Full Press Conference link - credit Bloomberg Quint
The Serious Fraud Investigation Office (SFIO) has made its first big arrest in the IL&FS by taking its former vice-chairman Mr Hari Sankaran into custody today.
The position of Independent Directors in IL&FS and its Group companies, once a prized job for retired bureaucrats and top corporate executives, has lost its shine - as many as 77 positions are vacant and there are few takers
IL&FS defaults highlights the need to tighten the regulatory framework governing Credit Rating agencies
Board of IL&FS wants immunity for Directors, Financial Advisors from any Financial, Legal or Regulatory Liability. ET Reports
RBI has moved NCLAT against its order restricting financial institutions from identifying the accounts of debt laden IL&FS group companies as NPA. The Bench, however, replied that it had not prohibited banks from recoqnising NPAs but has only asked the banks to seek the permission from NCLAT before doing so
Asset Monetisation is the best way forward for IL&FS, but it is likely to be a long drawn process
Restructured Board says former executives had failed to discharge duties and raise red flags
IL&FS to receive first set of bids today for its renewable energy business as part of the Asset Monetization process launch by the new Board in its proposed Resolution plan.