IL&FS
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.

Read More

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

Read More

Full Edition
Moneylife Online Magazine
Lead Article
REGULATIONS
Sucheta Dalal , 05 August 2021
When we Indians are so proud of our information technology (IT) prowess and the many global tech giants headed by Indians, why isn’t cutting-edge technology being employed to refund money that rightfully belongs to savers and investors?

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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

Read More

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.

Read More

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.

Read More

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.

Read More

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),

Read More

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

Read More

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.

Read More

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

Read More

In a major step towards resolving its overall debt, IL&FS on Thursday announced completion of its 49 per cent stake sale in Chinese road asset, Chongqing Yuhe Expressway Co Ltd (CYEC), which would help the company to address debt of about Rs 2,600 crore.

Read More

Moneylife Digital Team 26 March 2021
Ruling in favour of Infrastructure Leasing and Finance Limited (ILFS) units, the Supreme Court on Friday directed Haryana Shehari Vikas Pradhikaran (HSVP) to deposit within three months 80% or Rs1,925 crore of total debt due of over Rs2,400 crore, into an escrow account.

Read More

Moneylife Digital Team 18 March 2021
The crisis-hit Infrastructure Leasing & Financial Services (IL&FS) had among its senior ranks several erstwhile high profile babus who had either retired from, or quit government service to join the organisation.

Read More

Moneylife Digital Team 17 March 2021
The Parliamentary Standing Committee on Finance, chaired by Jayant Sinha, has asked regulators Securities & Exchange Board of India (SEBI) and Reserve Bank of India (RBI) to review their regulations in the face of serious default crisis at Infrastructure Leasing & Financial Services (IL&FS).

Read More

National Highways Authority of India (NHAI) has completed settlement of Rs 707 crore towards Fagne Songadh Expressway Ltd (FSEL),

Read More

Free Helpline
Legal Credit
Feedback