In the news
12 Apr 2019

Deloitte faces SFIO probe in IL&FS case

The Serious Fraud Investigation Office SFIO has initiated investigations into a whistle-blower complaint sent by a Deloitte employee and will summon its top officials for questioning to find out whether the Infrastructure Leasing & Financial Services IL&FS groups auditor deliberately ignored several red flags in the companys books recommended creating complex structures and in quid pro quo received substantially high fees from the bankrupt company.

In the news
9 Apr 2019

NCLAT seeks data on investments of PF, Pension Funds in IL&FS "Amber" Companies

To protect the investments of pension funds and provident funds, the NCLAT has sought the details of investments of such funds in the "Amber" Companies of IL&FS

In the news
9 Apr 2019

Gail India leads race to acquire IL&FS Energy Assets

Gail India is a front runner to acquire the Energy Assets of IL&FS. The Assets could fetch close to Rs 6000-8000 crore and include controlling stake in the wind power generating plants

In the news
5 Apr 2019

GIFT City CEO Quits

The Managing Director and CEO of Gift City has to step down as IL&FS has decided to discontinue his services as it could no longer afford to pay his salary

In the news
5 Apr 2019

Mother Diary invested Rs 190 cr in IL&FS, sends SOS to PM after default

Days before IL&FS defaulted on its loan payments in the last week of August, Mother Dairy Foods and Vegetable Private Limited decided to make a series of investments totaling Rs 190 crore in IL&FS.

In the news
5 Apr 2019

IL&FS fiasco raises questions on credibility of raters: Injeti

Corporate Affairs Secretary Injeti Srinivas said the credibility of rating agencies has come under a cloud after the IL&FS crisis

In the news
4 Apr 2019

Creditors can expect fair distribution of Proceeds

Creditors can expect a fair distribution of Proceeds from the IL&FS Resolution Process, reports ET

Press release
3 Apr 2019

Second Press Conference - Update Presentation

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

In the news
3 Apr 2019

Link of the Press Conference

The Full Press Conference link - credit Bloomberg Quint

In the news
2 Apr 2019

SFIO arrests former IL&FS Vice Chairman Hari Sankaran

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.

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