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