IL&FS | The Asian Age

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IL&FS Page-5

About six months short of a decade, IECC finds history repeating with its current promoter being taken over by the government appointed board of directors.

IECC board gets taken over again

In August 2009, the government-appointed board allowed IL&FS to take control of the infra firm.

02 Oct 2018 12:24 AM

There have also been serious complaints on some of the companies for which an SFIO investigation has been ordered into the affairs of IL&FS and its subsidiaries, it said.

Management change needed to save IL&FS

The IL&FS Group is involved in many infrastructure projects including through equity and debt financing.

02 Oct 2018 12:20 AM

The government on Monday said it stands fully committed to ensuring that needed liquidity is arranged for the debt-trapped IL&FS to prevent any more defaults in payment of loans by the non-banking financial company.

Govt to ensure liquidity for IL&FS to prevent defaults: Finance Ministry

NCLT allowed the government to take over the board of IL&FS.

01 Oct 2018 6:10 PM

RBI has been taking steps to improve the overall cash situation.

Govt moves NCLT for management change at IL&FS

IL&FS, where LIC is the largest shareholder with 25.34 per cent stake, has a debt burden of over Rs 90,000 crore.

01 Oct 2018 12:43 PM

Last week, the company had filed a petition with the NCLT seeking certain relief in connection with filing of a scheme of arrangement under Section 230 of the Companies Act.

Rs 15,000 crore lifeline for IL&FS

The shareholders gave nod to raise as much as Rs 15,000 crore through the issue of non-convertible debt instruments.

01 Oct 2018 12:32 AM

IL&FS Financial Services defaulted on bank loans, including interest of Rs 284.5 crore to five banks.

LIC, Orix, SBI to subscribe to Rs 4,500 crore IL&FS rights issue

The announcement came at the annual general meeting (AGM) of the company that has been defaulting on debt obligations.

29 Sep 2018 1:46 PM

IL&FS’ downgrade to junk has put Rs 10,000 crores worth of investments by insurers and pension funds at risk, shaking the foundations of India’s financial sector.

Bleeding subsidiaries will take IL&FS belly up

Sebi too kept its eyes shut all these years despite losses mounting alarmingly.

26 Sep 2018 1:53 AM

Finance minister Arun Jaitley’s assurance to calm investors fell on deaf years as NBFC stocks took a beating on the bourses on Monday. (Photo: PTI)

Default tremors: Act swiftly

Jaitley is probably aware he can’t have corporate failures with elections approaching.

25 Sep 2018 12:05 AM

Company amid crisis in the IL&FS group for alleged defaults in loan payment and corporate governance issues.

IL&FS Financial Services MD and CEO Ramesh Bawa resigns

IL&FS has nearly Rs 35,000 crore consolidated debt, IL&FS Financial Services has Rs 17,000 crore of debt.

22 Sep 2018 1:43 PM

Once the new contractor is appointed, it will be responsible for operations and maintenance of the entire corridor for the next 10 years. (Representational image)

MMRDA manages to get only one bidder

When tenders were floated for the first time, six companies including Scomi Engineering showed interest in running the corridor.

23 Dec 2017 6:37 AM

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Aakar Patel