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
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.
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
The company has invited expressions of interest from interested parties for selling the land parcels owned by three subsidiaries of IL&FS Group in the State. Continue Reading
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
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
Government appointed board of cash strapped IL&FS has said the gross non performing loan of it’s lending arm IL&FS Financial Services (IFIN) has touched unprecedented level of 90 per cent in the December, 2018 quarter. Continue Reading