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2 mins read
NCLAT directs NHAI not to terminate concession agreement of IL&FS group entity
, The National Company Law Appellate Tribunal has directed the National Highways Authority of India…
PTI
1 min read
IL&FS initiates interim distribution payout of ₹3,200 crore in IFIN
The IL&FS Group has initiated its largest Interim Distribution pay-out till date in IL&FS Financial…
2 mins read
IL&FS money laundering case: ED summons Maha NCP president & MLA Jayant Patil
The agency has recently initiated fresh action in this 2019 case after it searched the Mumbai…
PTI
2 mins read
IL&FS replaces auditor SRBC & Co amid allegations of professional misconduct by NFRA
“M/s SRBC and Co. LLP will be ineligible to continue as auditors of the Company for the financia…
1 min read
NCLT-ILFS
IL&FS: NCLT threatens to get Axis Bank, StanC CEOs arrested
Mumbai, Nov 25 () The Mumbai NCL…
PTI
4 mins read
Here's why former RBI governor Rajan and former deputy Acharya believe the plan to allow corporations to own banks is a 'bad idea'
Their direct access into the financial veins of the system would only increase the concentrati…
1 min read
Lakshmi Vilas Bank is the fifth financial firm to collapse in India within the last 30 months
The downfall of Lakshmi Vilas Bank (LVB) was in the making for over a year, and it’s only the mos…
Prabhjote Gill
2 mins read
Top stocks to watch— TCS, Future Consumer, ONGC, Zydus Wellness, HDFC, IL&FS, Angel Broking, Sun Pharma and others
The Indian stock market is likely to open in red on Thursday, amid the weak sentiments from the glo…
2 mins read
IL&FS case: The latest arrests in India's largest financial scandal of 2018 are for alleged money laundering
Arun Shah was the Joint Managing Director of IL&FS Financial Services while K Ramchandra w…
2 mins read
HSBC moves to liquidate IL&FS company in Singapore court
The application has been listed for hearing on March 20 and "any creditor or contributory of …
PTI
1 min read
NCLT approves IL&FS stake sale in GIFTCL to Gujarat govt
"In view of the relief sought by the applicant, this bench hereby approved that sale of shares of …
PTI
3 mins read
In the IL&FS scam, auditors will not be left off the hook for their role
The NCLT is empowered to pass order to implead them under Section 242 of the Companies Act, 20…
PTI
1 min read
Corp Affairs Min reviews IL&FS resolution progress
New Delhi, Dec 13 () The corporate affairs ministry this week reviewed the steps taken to address t…
PTI
2 mins read
NCLT approves sale of IL&FS stake in GIFT City to Gujarat govt
A two-member NCLT bench headed by acting president B S V Prakash Kumar allowed IL&FS to sell it…
PTI
3 mins read
IL&FS crisis was red-flagged in 2018 'confidential' note by the DEA
"DEA had raised red signals of the likely collapse of IL&FS and had expressed its deep conce…
PTI
2 mins read
Sebi mulls raising penalty on rating agencies in IL&FS case
Sebi, in its order, had noted that the exposure of IL&FS at the relevant times was critical to…
PTI
1 min read
NCLAT dismisses Deloitte, KPMG pleas against impleadment in IL&FS matter
The appellate tribunal, however, granted a relief to both auditors and other independent directors…
PTI
1 min read
IL&FS case: NCLAT to provide formula for distribution of proceeds among creditors
New Delhi, Jan 16 () The National Company Law Appellate Tribunal (NCLAT) on Thursday said it will p…
PTI
2 mins read
Indian pension fund says it won’t lend money to private companies
The credit crunch in the Indian economy is getting more acute by every passing day. The latest…
2 mins read
Budget 2019: RBI will regulate housing finance companies, tighten hold on NBFCs
"The National Housing Bank (NHB), besides being the refinancer and lender, is also regulator of…