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Wednesday, January 29, 2020



IL&FS timeline for debt resolution delayed to July

January 01, 2020 2:04 am

This was conveyed by Uday Kotak, chairman of the government-appointed board of the NBFC, on Tuesday, while addressing its annual general meeting.

ICRA, CARE fined over ratings given to IL&FS debt instruments

December 27, 2019 4:32 am

The regulator said in its order that despite the declining financial indicators of IL&FS, the rating agencies failed to intervene on time.

NCLAT questions calls for second probe into former IL&FS auditors

December 06, 2019 4:24 am

The two-member Bench also observed that there would be confusion if the inspector rank personnel-led probe led to a different conclusion than the SFIO.

IL&FS FY19 loss at Rs 22,527 crore

December 05, 2019 3:47 am

Firm has net liabilities of Rs 16,935.1 crore; ability to raise funds impaired, says auditor

IL&FS gets creditors' nod for sale of education business

November 12, 2019 4:58 pm

Schoolnet India Ltd (erstwhile IL&FS Education & Technology Service Ltd) would be sold to Career Point Publications Pvt Ltd (CPPPL).

ORIX acquires 51% stake in seven IL&FS assets

October 18, 2019 4:08 am

Power Finance Corporation, Bank of Baroda and India Infradebt are the external lenders to these seven wind energy assets.

IL&FS case: Supreme Court restrains govt from acting against auditor BSR

September 27, 2019 1:52 am

The financial affairs of the IL&FS group came under scrutiny last year after it defaulted on short-term and long-term debt obligations to the tune of Rs 91,000 crore.

Bombay HC stays NCLT proceedings against IL&FS auditors on ban

September 05, 2019 3:59 am

On June 8, the Ministry of Corporate Affairs (MCA) had filed a petition with the NCLT seeking to ban Deloitte and BSR for five years under Section 140 (5) of the Companies Act.

IL&FS case: Bombay HC to hear auditor’s plea on ban

September 04, 2019 2:39 am

The National Company Law Tribunal (NCLT) will start hearing arguments from September 5 based on merits for imposing the ban, which was initiated by the government.

IL&FS board seeks NCLT approval for sale of wind assets to Orix

August 21, 2019 3:41 am

Earlier this year, GAIL had offered Rs 4,785.7 crore for the IL&FS stake in seven companies under IL&FS Wind Energy — Lalpur Wind Energy, Etesian Urja, Khandke Wind Energy, Retadi Wind Power, Wind Urja India, Tadas Wind Energy and Kaze Energy.