IL&FS
IANS 11 October 2021
The board of beleaguered infrastructure financier IL&FS has approved the appointment of CNK & Associates LLP as the statutory auditor in casual vacancy for FY 2020-21.

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IANS 27 September 2021
IL&FS Financial Services (IFIN) has put its non performing asset (NPA) portfolio of approx Rs 4,300 crore up for sale as part of plan to bring down overall group level debt.

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Moneylife Digital Team 25 September 2021
The National Financial Reporting Authority (NFRA), the audit regulator, has pulled SRBC & Co LLP for failing to flag financial mismanagement in IL&FS Transportation Networks Ltd (ITNL) for FY2017-18.

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IANS 22 September 2021
The government has again extended the term of Uday Kotak as non-executive chairman of Infrastructure Leasing and Financial Services (IL&FS) to maintain continuity in the resolution plan being operatives for the indebted group.

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Moneylife Digital Team 02 September 2021
The Madras High Court, while dismissing a case against IL&FS Transportation Networks India Ltd (ITNL) and its former directors Ravi Parthasarathy, Hari Sankaran and Ramchand Karunakaran,

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Moneylife Digital Team 03 August 2021
Crisis-ridden IL&FS has recovered around Rs 33.28 crore by selling assets, including vehicles, furniture, and electrical installations among others.

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IL&FS has invited Expressions of Interest (EoI) for its stake in its subsidiary Ramagiri Renewable Energy Ltd (RREL).

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Moneylife Digital Team 13 July 2021
The crisis-hit Infrastructure Leasing and Finance Limited (IL&FS) group has addressed a debt of about Rs43,000 crore and is confident of addressing an additional debt of Rs14,400 crore, taking its total debt recovery to Rs58,000 crore by March next year.

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A special court here has rejected the bail plea of jailed former IL&FS Chairman Ravi Parthasarthy in the IL&FS Transportation Network Ltd (ITNL) case related to the Rs 1 lakh crore IL&FS scam, which surfaced in 2018 after several group entities defaulted on repayments due to severe liquidity problems.

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Moneylife Digital Team 28 June 2021
In a major victory for the new management at Infrastructure Leasing and Financial Services (IL&FS), they have managed to receive Rs1,925 crore from the Gurgaon Metro Project.

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Moneylife Digital Team 19 June 2021
Ravi Parthasarathy, former chief of crisis-hit Infrastructure Leasing & Financial Services (IL&FS) has been sent to three-day police custody by the court of the special judge under Tamil Nadu Protection of Interest of Depositors (in Financial Establishment) Act, 1997.

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Moneylife Digital Team 11 June 2021
The economic offences wing (EOW) of Chennai Police on Friday arrested Ravi Parthasarathy, former chief of crisis-hit Infrastructure Leasing & Financial Services (IL&FS) in the Rs200 crore cheating and criminal breach of trust case filed by 63 moon technologies ltd.

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Moneylife Digital Team 03 June 2021
Grant Thornton India LLP (GT), the forensic auditor of IL&FS Engineering and Construction Co Ltd (IECCL), has found anomalies pertaining to accounting related with sub-contractors in the company's Kiratpur Ner Chowk (KNC) Road in the States of Punjab & Himachal Pradesh

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Moneylife Digital Team 01 June 2021
Grant Thornton India LLP (GT), the forensic auditor of IL&FS Engineering and Construction Co Ltd (IECCL), has found instances of potential bogus purchase transactions, and anomalies pertaining to sub-contractors in the company's Pune-Solapur Road project.

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Moneylife Digital Team 31 May 2021
Grant Thornton India LLP (GT), the forensic auditor of IL&FS Engineering and Construction Co Ltd (IECCL), found several anomalies in the many projects undertaken by the company.

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Moneylife Digital Team 28 May 2021
Grant Thornton India LLP (GT), which was appointed to conduct forensic audit of IL&FS Engineering and Construction Co Ltd (IECCL), a unit of Infrastructure Leasing & Financial Services (IL&FS), found potential anomalies about lapse in internal controls in the company.

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Moneylife Digital Team 28 May 2021
Grant Thornton India LLP (GT), which was appointed to conduct a forensic audit of IL&FS Engineering and Construction Co Ltd (IECCL),

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On 6 May 2021, Grant Thornton’s Project Icarus submitted the forensic audit of IL&FS Engineering and Construction Company Limited (IECCL),

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Moneylife Digital Team 15 April 2021
The crisis-hit Infrastructure Leasing and Finance Limited (IL&FS) group says so far it has addressed a debt of about Rs43,000 crore and increased its aggregate debt recovery estimate by Rs5,000 crore to Rs61,000 crore due to improved valuations, better operating performance and enhanced recoveries from non-group exposure.

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IL&FS has received Rs 693 crore worth of settlement claims for two road projects from the National Highways Authority of India (NHAI).

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