IL&FS

Delhi HC quashes NFRA’s show-cause notices against IL&FS and DHFL auditors

The court held that section 132 of the Companies Act (which establishes NFRA) is a necessary mechanism to enforce professional…

February 8, 2025 19:00 IST

IL&FS appoints Nand Kishore as chairman

After IL&FS defaulted on its loans in 2018, the government and the National Company Law Tribunal had appointed a public…

September 30, 2024 22:55 IST

Creditors of IL&FS Financial Services to get Rs 3,200 cr interim payout

As part of the interim distribution, the group will be paying a total of Rs 3,200 crore to eligible creditors…

February 6, 2023 16:37 IST

ILFS, ILFS news, ILFS latest news, ILFS debt, Infrastructure Leasing and Financial Services

IL&FS resolves debt of up to Rs 56,943 crore as of Sept 30

The debt addressed represents over 93% of the overall estimated resolution value of Rs 61,000 crore.

December 14, 2022 02:50 IST

These include failure to comply with the basic requirements of audit and violation of norms on quality control and auditor independence.

NFRA finds huge lapses in auditing of IL&FS

NFRA said there have been lapses in the audit of Investments too. The total value of investments shown in the…

June 23, 2022 06:15 IST

Currently, Power Grid owns 26 per cent stake in CPTCL while 38 per cent shareholding is with IEDCL. Besides, SJVN and Nepal Electricity Authority have 26 per cent and 10 per cent stakes, respectively.

Power Grid to buy IL&FS Energy Development Company’s stake in CPTCL

According to a regulatory filing on Monday, the company’s board has cleared the proposal for purchase of 77,30,225 equities of…

May 2, 2022 19:22 IST

Parliament passes CA Bill: New law to help facilitate desi Big Four, says Finance Minister Nirmala Sitharaman

The Bill is aimed at bringing greater robustness and accountability in India’s auditing standards as well the way audit certificates…

April 6, 2022 04:40 IST

But Kotak's advice should be taken seriously for better recoveries and even prevention of corporate stress.

Resolution lessons: Uday Kotak has drawn from his IL&FS experience to hit the nail on the head

Kotak hinted that the relatively better position of the PSU banks as opposed to other lenders in the IL&FS case…

April 4, 2022 03:40 IST

Need to get cracking on judicial process to move faster: Uday Kotak

On the subject of group resolution, Kotak said there were no legal answers to it and that “we are still…

March 30, 2022 06:00 IST

The lender has made provisions worth Rs 824.06 crore against its exposure to the company.

PNB classifies Rs 2,060 crore to IL&FS Tamil Nadu Power as fraud

According to a rating report by Care Ratings, dated June 29, 2021, IL&FS Tamil Nadu Power owes banks Rs 5,584.93…

March 16, 2022 02:45 IST

IL&FS Financial Services case: Supreme Court seeks response from ICAI, Sebi on NCLT’s jurisdiction

A bench led by Justice DY Chandrachud has sought response from the ministry of corporate affairs and others.

March 10, 2022 01:06 IST

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A man turned to LinkedIn and Reddit to expose the “unethical practices” and unwarranted insults he faced during his time at the company. In response, the company has demanded that he delete the LinkedIn post, which it deemed defamatory, within 24 hours or face legal action.

‘Delete LinkedIn post or face notice’: Employee says ex-company threatened him for calling out ‘unethical practices’

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Mahindra XUV700 prices to come down by Rs 1.43 lakh after GST cut

28 min ago

The Indian government’s move to reduce GST rates and eliminate compensation cess has had a positive effect on the automotive sector. Mahindra has already lowered prices for its XUV700 models, and the latest revision has made cars of all sizes more affordable, with small cars seeing a 5-13% decrease and larger cars a 3-10% decrease in prices.

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