In the news
4 Sep 2019

I Squared Cap, NIIF amongst 14 bidders for IL&FS Road Projects

Edelweiss , Cube Highways also make offers for 20,000 crore assets spread across seven states

In the news
2 Sep 2019

Learn IL&FS Lessons - Edit - Economic Times

The pipe smoking Ravi Parthasarthy who ran IL&FS as his fiefdom was never an easy man to like. He subjugated managers, fooled generations of lenders , bullied journalists and made directors dance to his tunes.....Many ills underlie the IL&FS saga. Fixing this is as urgent as punishing the scamsters .

In the news
31 Aug 2019

IL&FS receives 14 binding bids for 10 road assets

IL&FS announced that it has received 14 bids for the Groups 10 road assets that account for nearly 17,700 crore of debt

In the news
30 Aug 2019

IL&FS Issue: ICRA asks CEO Takkar to go

Ratings Fallout: This is the first such move by a rating agency in the IL&FS issue; interim COO Vipul Agarwal will continue to handle operations until the new CEO is hired

Press release
30 Aug 2019

IL&FS RECEIVES BINDING BIDS FOR 10 ROAD ASSETS

IL&FS today received binding bids for ten road assets in its domestic roads transportation vertical. These 10 road assets that account for total debt of over Rs. 17,700 crore (nearly 19% of total group debt), received 14 binding bids from multiple bidders.

In the news
29 Aug 2019

ILFS can sell 51% stake in Wind units to Japanese Investor

NCLT has approved the sale of units to Japanese partner and asked the company to deposit the money in interest bearing account for now

In the news
28 Aug 2019

Debt, Destruction and Dithering - A Year after IL&FS collapse

When the Government superseded the IL&FS Board and appointed Uday Kotak to head it, there was hope of quick resolution. But the complexities and lack of legal framework to handle financial institution bankruptcy have clogged the system

In the news
28 Aug 2019

IL&FS Securities fraud; SC asks NCL to release cash collateral of Rs 460 cr

In a case related to IL&FS securities fraud, the Supreme Court on Tuesday directed the NCL to release cash collateral of Rs 460 crore, extended by clearing broker IL&FS Securities Limited, towards F&O trade

In the news
19 Aug 2019

SEBI Rejects ICRA's settlement Application in IL&FS case

SEBI has rejected credit rating agency ICRA's consent application in the IL&FS case. ICRA has been seeking to arrive at a settlement in the matter of raters not having given warning of IL&FS default in September last year.

In the news
17 Aug 2019

ED files first persecution plaint in IL&FS case, names ex-directors

The Enforcement Directorate has submitted its first prosecution in the first IL&FS case. While the document, which is similar to the charge sheet, names former directors of IL&FS and its group companies.

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