IL&FS

New Delhi, Nov 12 (IANS) Crisis-ridden IL&FS Group on Tuesday said that it has received the approval of its Committee of Creditors (CoC) to sell its education business -- Schoolnet India Ltd (erstwhile IL&FS Education and Technology…

New Delhi, Nov 5 (IANS) IL&FS Financial Services has defaulted on its payment obligations on loans and interest payments as low as Rs 4 lakh from October 31 to November 4.In a regulatory filing with stock exchanges, the company has said…

New Delhi, Oct 17 (IANS) In a major development in the resolution of the crisis-hit IL&FS and its group entities, IL&FS on Thursday said that it has completed the sale of its wind energy assets to Orix Corporation of Japan for Rs…

Mumbai, Aug 22 (IANS)  Maharashtra Navnirman Sena President Raj Thackeray is being grilled by a team of the Enforcement Directorate (ED) here on Thursday, party office-bearers said. The MNS Chief, responding to the summons in a case…

New Delhi, Aug 21 (IANS) : The IL&FS had not disclosed any NPAs for the last four years, the Reserve Bank of India (RBI) has said in a report. The report is based on inspection of IL&FS and IFIN and this has been conveyed by the new…

New Delhi, Aug 21 (IANS) The liquidity crisis in the lending major IL&FS and its group companies such as IFIN is something the erstwhile management itself created and should have been aware of the dire consequences of their blatant…

New Delhi, Aug 15 (IANS) :  As the liquidity crunch in the non-banking finance company (NBFC) sector, which came to light with the IL&FS crisis, continues to drag the economy down, fresh revelations of blatant misgovernance by the…

New Delhi, June 7 (IANS) The Ministry of Corporate Affairs (MCA) has hinted at the indifference of RBI on the IL&FS's financial services arm (IFIN) for not meeting the basic criteria on CRAR (Capital-to-risky Asset ratio) and NOF (Net…

New Delhi, June 5 (IANS) With the Ministry of Corporate Affairs now running point on the IL&FS case, like the tip of the spear, its investigations are revealing hitherto hidden facts which tell you how the Ravi Parthasarthy-led gild ran…

New Delhi, June 3 (IANS) On Monday, RBI in stringent enforcement action, terminated S.R. Batliboi & Co LLP from carrying out statutory audit assignments in commercial banks for one year starting April 1, 2019.This is the immediate…