IL&FS | The Asian Age

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The tribunal has also asked the Ministry of Corporate Affairs about the progress made with respect to resolution of IL&FS issues.

RBI seeks modification of NCLAT order in IL&FS case

During the proceedings, RBI's counsel said that there was a overlap of power on the issue.

19 Mar 2019 5:50 PM

NCLAT said that no bank or financial institution can declare the accounts of debt-ridden IL&FS and group companies as NPAs.

Lot of headway being made in IL&FS matter, says corp affairs secy

The first phase of resolution for problems faced by IL&FS group is expected to be completed in the next few months.

26 Feb 2019 12:33 PM

IL&FS group companies are classified into three groups — green, amber and red— based on their financial positions.

No NPA tag for accounts of IL&FS firms: NCLAT

The appellate tribunal’s order came during the hearing over the government’s plan for the resolution of IL&FS group companies.

26 Feb 2019 1:51 AM

The appellate tribunal also lifted the moratorium and allowed 133 IL&FS firms incorporated outside India to continue with the resolution process.

Accounts of IL&FS, group cos cannot be declared NPA without NCLAT nod

The tribunal's direction came during the hearing over the govt's plan for the resolution of IL&FS group companies.

25 Feb 2019 12:49 PM

The debt crisis at the infrastructure lender came to light following a series of defaults by its group companies beginning September, 2018. (Photo: File)

IL&FS group stocks drop up to 5 per cent

The ED conducted raids in Mumbai and Delhi-NCR region in connection with the multi-crore IL&FS payment default crisis:officials.

21 Feb 2019 10:04 AM

The debt crisis at the infrastructure lender came to light following a series of defaults by its group companies beginning September 2018.

IL&FS crisis: ED raids multiple locations after filing PMLA case

IL&FS is sitting on a debt pile of about Rs 91,000 crore.

20 Feb 2019 1:11 PM

The company classifies micro-loans as ones which are given on a joint group lending model. (Photo: Twitter)

Liquidity issues, Aadhaar ban roil NBFCs, micro-credit plunge 15 pc in Q3

Disbursements stood at Rs 41,840 crore for the third quarter of the current fiscal year, down from Rs 49,450 crore.

17 Feb 2019 10:39 AM

IL&FS is sitting on a debt pile of about Rs 91,000 crore. (Photo: Twitter)

Par panel for setting up enquiry commission into IL&FS crisis

Debt crisis in infrastructure lender IL&FS came to light following a series of defaults by its group companies beginning September 2018.

14 Feb 2019 1:56 PM

The group's total debt stood at over Rs 94,000 crore as on October 8, 2018.

IL&FS gets over 30 EOIs for sale of its domestic roads vertical

IL&FS group on December 18, 2018 had initiated the process for asset monetisation.

10 Jan 2019 12:54 PM

The NCLT on October 1 suspended the board of IL&FS on government's plea and authorised reconstitution of the board by appointing seven directors two days later.

NCLAT to hear plea over moratorium on dues recovery from IL&FS on Jan 28

The appellate tribunal has asked all parties including lenders to file their written submissions before it.

20 Dec 2018 4:07 PM

Shares of IL&FS Investment Managers were trading 3.94 per cent lower at Rs 6.59 apiece on BSE.

IL&FS Investment Managers' board appoints 2 new additional directors

The board of directors of the company by resolutions passed by circulation on December 6, 2018.

06 Dec 2018 11:53 AM

NCLAT stayed all proceedings against IL&FS and its 348 group firms till a further order.

IL&FS Transportation Networks delays Q2 results citing group co's NCLT proceedings

The company requested BSE not to take action against it for the delay in submission of September quarter financial results.

22 Nov 2018 12:53 PM

Share purchase agreement (SPA) stands terminated as all the conditions precedent were not satisfied within the stipulated time period," IndusInd Bank said.

IndusInd Bank calls off deal to acquire IL&FS Securities Services

IL&FS initiated the process for divesting its stake in IL&FS Securities Services and ISSL.

13 Nov 2018 1:20 PM

NCLT to extend the moratorium so that legal action can’t be taken by creditors against IL&FS or its 347 group entities.

Govt may nudge LIC, SBI to buy out IL&FS

LIC and ORIX Corporation of Japan are the largest shareholders in IL&FS having 25.34 per cent and 23.54 per cent stake respectively.

12 Nov 2018 12:16 PM

The crisis of confidence comes even as asset quality of NBFCs is largely steady.

Top 50 NBFCs need Rs 70K cr in November

Banks may be forced to increase lending to NBFCs to prevent defaults.

09 Nov 2018 1:06 AM

Without a doubt, rampant greed and avarice were the underlying credo at IL&FS, but equally mismanagement and thievery were responsible for the decline and now demise. Across the food chain, there was systemic failure.

IL&FS: Was everyone asleep at the wheel?

The group’s interest in jointly controlled operations varied from company to company, for instance in the Elsamex entities.

06 Nov 2018 2:09 AM

The government has been taking steps to address the liquidity issue in the overall financial system and the RBI infused liquidity by way of purchasing bonds in the last few weeks.

Liquidity in NBFCs yet to become a crisis: Centre

About the Serious Fraud Investigation Office (SFIO) probe into the IL&FS case, Srinivas said there is progress on that front.

06 Nov 2018 1:03 AM

IL&FS, which arranged financing for infrastructure projects, has amassed huge debts and has defaulted on payment obligations for some.

Multiple options explored; selling IL&FS as going concern best case scenario: Srinivas

The government has seized control of IL&FS and ordered an inquiry by the Serious Fraud Investigation Office.

05 Nov 2018 12:42 PM

The DEA has estimated that about Rs 2 lakh crore of NBFC/HFC debt would be due for redemption or rollover by the end of December 2018.

Financial situation fragile, feels Finance Ministry

Govt fears default by NBFCs and HFCs if liquidity crunch is not eased immediately.

02 Nov 2018 10:31 AM

he callous attitude of the then top management in LIC, the majority stakeholder of IL&FS, pushed the infrastructure major into the debt trap following a rift between the leadership team of the insurer three years ago.

Kotak may unravel truth behind infra major fall

The present financial mess at IL&FS could have been averted if the proactive measures were taken then.

31 Oct 2018 12:42 AM

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Farrukh Dhondy