Browsing Tag
ILFS
IL&FS to re-launch stake sale process of ITPCL amid restructuring efforts
IL&FS will restart the stake sale process of ITPCL (IL&FS Tamil Nadu Power Co) alongside its ongoing restructuring efforts, with the new IL&FS board seeking to finalise a financial transaction advisor to facilitate the…
CBI registers ₹6,524-crore loan ‘fraud’ case against IL&FS Transportation Network and others
The Central Bureau of Investigation (CBI) has registered a case against IL&FS Transportation Network Limited and its then directors for allegedly cheating 19 banks of about ₹6,524 crore as on October 31, 2021.Among those named in the…
CBI Books IL&FS Transportation Limited for ‘Causing Loss’ of Over Rs 6,524 Cr to…
Last Updated: June 02, 2023, 21:49 ISTIt is alleged that the accused entered into a criminal conspiracy to cheat 19 banks under multiple banking arrangements (the Canara Bank being the largest lender). (File photo/PTI)The CBI has alleged…
IL&FS money laundering case: ED summons Maharashtra NCP president Jayant Patil – Times of…
MUMBAI: The Enforcement Directorate (ED) has summoned Maharashtra NCPpresident and MLA Jayant Patil for questioning in a money laundering case linked to alleged financial irregularities in the now bankrupt financial services firm…
ED searches 2 former IL&FS auditors in connection with money-laundering case
The ED carried out searches against two former auditor firms of IL&FS -- BSR and Associates and Deloitte Haskins and Sells -- on Wednesday in connection with its money-laundering probe into alleged financial irregularities at the…
IL&FS fraud case: Supreme Court allows SFIO to prosecute auditors
The Supreme Court on Wednesday allowed the Serious Fraud Investigation Office (SFIO) to resume criminal proceedings against former auditors of IL&FS Financial Services - BSR & Associates LLC and Deloitte Haskins and Sells LLP - for…
IL&FS pays Rs 29,000cr to secured creditors – Times of India
MUMBAI: IL&FS Group has so far paid back Rs 29,000 crore to secured creditors, with the latest being an interim pay-out of Rs 920 crore for the Chenani Nashri Tunnelway, a subsidiary of IL&FS Transportation Network. Chenani Nashri…
Creditors to IL&FS arm get 1st payout by bankrupt grp – Times of India
MUMBAI: Financial creditors to Rapid Metro Gurgaon Rail (RMGL), a part of the IL&FS group, have got 83% of their total claims of Rs 715 crore. The group has started distributing recovered amounts to creditors following an IL&FS …
Govt reshuffles IL&FS board; C S Rajan is non-executive chairman
The government has reshuffled the board of IL&FS Ltd, which is undergoing debt resolution process, with existing board member C S Rajan being redesignated as the non-executive chairman.
Photograph: Francis Mascarenhas/Reuters
Nand…