NCLAT Directs IL&FS to Distribute Rs 16,000 Crore to Creditors
The National Company Law Appellate Tribunal (NCLAT) has directed the board’s new members for the debt-ridden IL&FS Group to distribute Rs 16,361 crore of cash...
Tag : IL&FS
IL&FS Addresses Rs 43,000 Cr Debt Resolution Till Date
On Thursday IL&FS said that it has addressed aggregate group debt of Rs 43,000 crore to date through the sale of assets and through other...
NPS Corporate Debt Funds Avoid Default Shocks
The corporate debt fund category of the National Pension System (called Asset Class C) has delivered returns of 11-13 per cent. The average return on corporate bond...
ISSL Brokers Continue to Face Difficulty with New Orders
On Friday, Brokers linked to IL&FS Securities Services (ISSL) were once again not allowed to put in fresh orders morning after the clearing arm of...
A Committee To Oversee Disinvestment Process Is Set Up By IL&FS Board
Debt-Laden Infrastructure Leasing & Financial Services Ltd. has made a decision to constitute a sub-committee to oversee the process of divestment of its assets in...
DHFL’s Lenders To Get Together On July 1
To seek a solution for the Rs 90,000 crore debt that is owed to the lenders of troubled non-banking finance company Dewan Housing Finance Corporation...
SFIO Report Finds Management Guilty Under IL&FS Case
Serious Fraud Investigation Office reported in its 800-page investigation report on IL&FS Ltd. and its subsidiaries. Some of the conclusions are Influencing employees, credit decisions...
IL&FS Shareholders Will Be Probed For Company’s Fall On Its Face
The investigation into the fall of Infrastructure Leasing & Financial Services is set to stretch to include the role of shareholders such as HDFC, State...
Debt Servicing For IL&FS 'Amber' Firms Considered By Committee
Amber companies are those which were capable to service debts of only certain senior secured creditors. They can not service debt of other creditors. Pro-rata...
Corporate Affairs Secretary Says, IL&FS Owe Many Questions to Answer
A senior government official said that Infrastructure Leasing & Financial Services auditors have “many questions to answer” as they are supposed to detect the irregularities...