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.
Continue Reading

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