IL&FS lays out road map to address over Rs 57,000 cr of debt
Of this, the group estimates to address close to Rs 50,500 crore of its debt by March 2021 and an additional debt of Rs 6,600 crore beyond FY21. However, it did not give any timeline for addressing the additional debt of Rs 6,600 crore.
Jul 20, 2020, 17:08 PM IST
Complainant in Aircel-Maxis case ironically named in IL&FS case
Sivasankaran in his complaint with the CBI in 2011 had alleged that the then telecom minister Dayanidhi Maran coerced him to sell his stake in Aircel which he had founded.
Aug 23, 2019, 09:34 AM IST
ED lays bare IL&FS cabal modus operandi of Rs 7,400 cr loot and scoot
The conclusion is that it was pretty much a circus with Ravi Parthasarthy as the ringmaster or even King as the rest of the crew played courtiers.
Aug 21, 2019, 11:45 AM IST
IL&FS cuts nearly 50% staff since October for cost cutting
In its fifth progress report on the group`s resolution process and the way forward, submitted to the Mumbai-bench of the National Company Law Tribunal (NCLT), the company said that the measure has helped reduce its wage bill by nearly 47 per cent.
Aug 14, 2019, 17:15 PM IST
How IL&FS colluded with rating agencies
The Serious Fraud Investigation Office (SFIO) report points out gaping holes in the style of functioning of rating agencies which were complicit with the rogue management.
Jul 03, 2019, 10:46 AM IST
IL&FS crisis: ED arrests ITNL MD Arun K Saha, CEO K Ramchand
The crisis at IL&FS came to light last year after some group companies defaulted on debt repayments.
Jun 19, 2019, 21:58 PM IST
IL&FS crisis: Independent directors come under corp affairs ministry scanner
The crisis at IL&FS, which is estimated to have a debt burden of over Rs 94,000 crore, came to light last year after some group companies defaulted on debt repayments.
May 15, 2019, 18:51 PM IST
RBI withdraws circular asking banks to declare exposure to IL&FS
Last week, the National Company Law Appellate Tribunal (NCLAT) had allowed banks to declare their defaulting accounts of Infrastructure Leasing & Financial Services (IL&FS) and its group companies as non-performing assets.
May 10, 2019, 12:30 PM IST
IL&FS resolution on track; green cos' Rs 12,000 cr debt likely to be settled by July: Official
The board of diversified IL&FS group, which is estimated to have a debt burden of over Rs 94,000 crore, was superseded by the corporate affairs ministry in October last year.
May 09, 2019, 10:10 AM IST
Lot of headway being made in IL&FS matter, says corp affairs secy
NCLAT has said that no bank or financial institution can declare the accounts of debt-ridden IL&FS.
Feb 26, 2019, 12:30 PM IST
IL&FS says unable to meet interest payment obligation
Infrastructure Leasing & Financial Services (IL&FS) and some its group entities in the past few months have defaulted debt repayments, triggering concerns over liquidity in the financial system.
Jan 18, 2019, 10:30 AM IST
IL&FS ex-directors seek clarification on asset freeze from NCLT
The order had restrained the former directors from mortgaging, or third-party interests or in any way alienating movable or immovable or jointly held properties.
Jan 17, 2019, 15:12 PM IST
NCLAT suggests appointing a former Supreme Court judge for IL&FS asset sales
The new management of the IL&FS is considering assets sales to bail out the company from its financial mess and pay back to its lenders over Rs 90,000 crore.
Jan 11, 2019, 18:21 PM IST
IL&FS puts commercial, residential properties up for sale
It has invited bids from interested buyers for properties (commercial and residential) in Mumbai and one in Kolkata.
Dec 31, 2018, 17:56 PM IST
NCLAT to hear plea over moratorium on dues recovery from IL&FS on Jan 28
A two-member bench headed by Justice S J Mukhopadhaya adjourned the matter after briefly hearing the submissions from IL&FS group and its lenders.
Dec 21, 2018, 12:40 PM IST
IL&FS puts its entire road assets on the block
The IL&FS group has appointed Arpwood Capital and JM Financial as financial transaction advisors along with Alvarez & Marsal as resolution consultants.
Dec 18, 2018, 14:43 PM IST
IL&FS board frames new roadmap to address lenders queries
The NCLAT was hearing a bunch of petitions seeking initiation of insolvency proceedings against IL&FS.
Nov 14, 2018, 11:39 AM IST
Government may come with 3-pronged strategy to deal with IL&FS payment issues
IL&FS and its subsidiaries are facing liquidity crisis and have defaulted on several debt repayments recently.
Oct 11, 2018, 18:00 PM IST
SFIO starts probe into IL&FS crisis
In a rare move, the government has superseded the board of IL&FS on Monday against the backdrop of debt defaults by some of its group entities that triggered fears of liquidity crunch.
Oct 03, 2018, 17:48 PM IST
Government's rescue of debt-ridden IL&FS may spell major losses for lenders
But IL&FS had compromised on corporate governance and risk management norms, the government told the company law tribunal on Monday as it explained why it intended to take over the firm.
Oct 03, 2018, 15:47 PM IST
