IL&FS
Moneylife Digital Team 31 May 2024
The Union government has asked the board of Infrastructure Leasing and Financial Services Ltd (IL&FS) to recover excess remuneration worth Rs150 crore paid to the former directors of IL&FS Financial Services Ltd (IFIN) and IL&FS Transport Network (ITNL).

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Moneylife Digital Team 09 May 2024
The Bombay High Court (HC) recently granted bail on health grounds to Ramesh Bawa, former managing director and chief executive officer (MD&CEO) of IL&FS Financial Services Ltd (IFIN). As much as 90% of the loans advanced by IFIN, the lending arm of the infrastructure conglomerate Infrastructure Leasing and Financial Services Ltd (IL&FS), had turned bad.

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Moneylife Digital Team 08 April 2024
Asserting that its new board and nominee directors are officers of the national company law tribunal (NCLT) Mumbai bench, Infrastructure Leasing & Financial Services (IL&FS), has denied any conflict of interest by nominee directors participating in the deliberations concerning the IL&FS senior loan of its subsidiary New Tirupur Area Development Corporation Ltd (NTADCL).

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Moneylife Digital Team 08 March 2024
IL&FS' ex-VC & MD Hari Sankaran was granted bail by the HC on health ground, nearly five years after his arrest by SFIO

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Moneylife Digital Team 13 November 2023
The central bureau of investigation (CBI) has registered a case against IL&FS Securities Services Ltd (ISSL), the company officials and others for allegedly causing a loss of Rs330.43 crore to Central Bank of India and other banks by way of diversion of disbursed bank funds, says a report.

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The Central Bureau of Investigation (CBI) has lodged a case against IL&FS Transportation Network Ltd and its directors on charges of defrauding 19 banks of Rs 6,524 crore between 2016 and 2018.

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Moneylife Digital Team 11 May 2023
The Enforcement Directorate (ED) conducted raids at the premises of KPMG arm BSR & Associates and Deloitte Haskins & Sells LLP in connection with a money-laundering probe into the alleged financial irregularities at Infrastructure Leasing & Financial Services Ltd (IL&FS). According to reports, the raids are conducted under the prevention of money laundering act (PMLA).

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Moneylife Digital Team 31 March 2023
Infrastructure Leasing & Financial Services Ltd (IL&FS) group company IL&FS Financial Services Ltd (IFIN) has paid Rs13.62 lakh to settle a case of 'fit & proper' declaration with the Securities and Exchange Board of India (SEBI).

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The good news is that Infrastructure Leasing & Financial Services (IL&FS), under the government-appointed board of directors has managed to secure a lot of assets, and, over a four-year period, made payouts through two entities.

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Moneylife Digital Team 09 February 2023
After finding that the lender and the ultimate borrower are entities belonging to the Infrastructure Leasing & Financial Services Ltd (IL&FS)

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IANS 06 February 2023
The IL&FS Group has initiated its largest Interim Distribution pay-out till date in IL&FS Financial Services Limited (IFIN), an IL&FS Group company.

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Moneylife Digital Team 09 January 2023
Infrastructure Leasing & Financial Services Limited (IL&FS), under the new management, has completed the interim distribution of Rs1,273 crore for Rapid MetroRail Gurgaon South Limited (RMGSL), an IL&FS Group company.

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IANS 21 December 2022
Hazaribagh Ranchi Expressway Limited (HREL) and Thiruvananthapuram Road Development Company Limited (TRDCL) both transferred to Roadstar Infra Investment Trust ('InvIT') at Enterprise value of Rs 979 crore.

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IANS 13 December 2022
In its latest filing with NCLAT, the new IL&FS Board has said the Group has addressed approximately Rs 56,943 crore debt in its ongoing resolution efforts till September 30, up from Rs 55,000 crore debt updated in March this year

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IANS 14 November 2022
IL&FS has commenced Interim Distribution pay-out with Rapid Metro Gurgaon Rail Ltd (RMGL), an IL&FS Group company.

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Moneylife Digital Team 27 September 2022
The ministry of corporate affairs (MCA) appointed Nand Kishore as managing director (MD) of crisis-hit Infrastructure Leasing and Finance Ltd (IL&FS),

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Moneylife Digital Team 01 August 2022
The Supreme Court has asked HDFC Bank Ltd and Housing Development Finance Corporation Ltd (HDFC) to submit details of funds withdrawn from the escrow account of Infrastructure Leasing and Financial Services Ltd (IL&FS).

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The beleaguered IL&FS group on Thursday said it has completed to sale transactions that netted a total of about Rs.77.5 crore.

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Moneylife Digital Team 24 June 2022
Audit regulator the National Financial Reporting Authority (NFRA) has found several deficiencies in the statutory audit conducted by SRBC & Co LLP,

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The National Company Law Appellate Tribunal (NCLAT) has directed the new board of Infrastructure Leasing & Financial Services (IL&FS) to make interim payout to creditors after prior approval of the new board, the tribunal said in an order.

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