Yes Bank: ED summons Anil Ambani

Reliance Group Chairman Anil Ambani has been summoned by the ED in connection with its money laundering probe against Yes Bank promoter Rana Kapoor and others, officials said today. Continue Reading

IL&FS probe: ED summons Raj Thackeray, Manohar Joshi’s son

New Delhi: The Enforcement Directorate (ED) has summoned MNS party chief Raj Thackeray in connection with its money laundering probe in the IL&FS alleged payment default case, officials said today.
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Setback once again to auditors in IL&FS case as NCLT junks plea

Earlier, the Ministry, on 23 June, moved the NCLT seeking a five-year ban on them in the IL&FS saga. Dismissing their petitions challenging the jurisdiction of the tribunal to ban them, the NCLT however, said it will hear the Ministry’s application seeking a five-year ban on…. Continue Reading

IL&FS case: Deloitte to face ban over professional misconduct

Deloitte on its part contends that the Group’s defaults began in May 2018. The three principal arms of IL&FS Group – IL&FS, ITNL and IFIN, according to sources within Deloitte saw SRBC &CO (E&Y) audit two of the firms in both 2017-18 and 2018-19, namely IL&FS and ITNL. Continue Reading

Gail quotes Rs 4,800 cr for IL&FS wind power assets

Bankrupt Infrastructure Leasing & Financial Services (IL&FS)’s asset monetisation drive got a major boost with State-run energy major Gail India offering Rs 4,800 crore for the seven operating wind power plants up for sale. Continue Reading