Hari Sankaran

The move by the top court comes as a setback for Hari Sankaran, who had challenged an order by the NCLAT to reopen the past books of IL&FS

Mr Bawa had resigned from his position in September 2018 after a series of defaults by IL&FS which sent tremors in financial markets.

Earlier this week, SFIO had arrested Hari Sankaran, former chairman of IL&FS, in connection with an ongoing investigation into the lender.

Hari Sankaran, former chairman and managing director of crisis-hit lender IL&FS, has been arrested for alleged abuse of power in the company, sources said. "The Serious Fraud Investigation Office today arrested Hari Sankaran in connection with the ongoing investigations in to the affairs of IL&FS and its group entities," said an officer who asked n...

Revealing a three-part strategy, debt-hit Infrastructure Leasing & Finance Services (IL&FS) said on Saturday that it needs to have a successful rights issue to recapitalise itself. In August, IL&FS's board approved a Rs 4,500-crore rights issue and a Rs 3,000-crore debt-reduction plan through asset sales. IL&FS is planning to arrange "liquid alloca...

The move by the top court comes as a setback for Hari Sankaran, who had challenged an order by the NCLAT to reopen the past books of IL&FS

Mr Bawa had resigned from his position in September 2018 after a series of defaults by IL&FS which sent tremors in financial markets.

Earlier this week, SFIO had arrested Hari Sankaran, former chairman of IL&FS, in connection with an ongoing investigation into the lender.

Hari Sankaran, former chairman and managing director of crisis-hit lender IL&FS, has been arrested for alleged abuse of power in the company, sources said. "The Serious Fraud Investigation Office today arrested Hari Sankaran in connection with the ongoing investigations in to the affairs of IL&FS and its group entities," said an officer who asked n...

Revealing a three-part strategy, debt-hit Infrastructure Leasing & Finance Services (IL&FS) said on Saturday that it needs to have a successful rights issue to recapitalise itself. In August, IL&FS's board approved a Rs 4,500-crore rights issue and a Rs 3,000-crore debt-reduction plan through asset sales. IL&FS is planning to arrange "liquid alloca...