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IL&FS New Board To Give Rs 16,361 Crore To Creditors
National Company Law Appellate Tribunal has directed the new board of debt-ridden IL&FS Group to distribute Rs 16,361 crore to creditors
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Equity-Oriented Funds Drive MF Assets To Record High In 2021: Report
Led by a rise in inflows into equity-oriented funds, assets under management of mutual funds rose to a record high of Rs 37.73 lakh crore in 2021
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IL&FS Expects To Resolve Nearly 60% Of Debt Despite Pandemic Delays
About 50 per centof the debt is expected to be resolved by March 2021, IL&FS' board has said
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IL&FS May Not Have Disclosed Bad Loans For Years: RBI Report
The government took control of IL&FS late last year after it defaulted on some of its debt, triggering wider concerns about risk in the rest of the country's financial system.
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IL&FS Seeks Tribunal Approval For Sale Of Wind Energy Arm
IL&FS had already received approval earlier last month for the sale of its wind energy business from Justice (Retired) DK Jain, appointed by the National Company Law Appellate Tribunal (NCLAT) to supervise the operation of the debt resolution process of the IL&FS group companies.
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Mutual Funds Outflow At 1.60 Lakh Crore In June: Industry Body
In recent months, the mutual fund industry has been grappling with redemption pressure in the wake of debt crises at various groups, including IL&FS, Essel and DHFL
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GAIL Highest Bidder For IL&FS Wind Assets With Rs 4,800 Crore Offer
GAIL's offer contemplates no hair-cut to the debt of the plants, which is around Rs 3,700 crore, IL&FS said.
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Hari Sankaran, Ex-Boss Of Lending Firm IL&FS, Arrested For Fraud: Sources
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...
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IL&FS Crisis: Government To Seek Relaxation In Central Bank Norms, Says Report
Some companies of the diversified IL&FS group, which has debt burden of over Rs 91,000 crore, have failed to repay loans.
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Government's Rescue Of IL&FS May Lead To Major Losses For Banks: Report
The beleaguered company's debt pile had grown to more than Rs 90,000 crore ($12.33 billion).
-
IL&FS New Board To Give Rs 16,361 Crore To Creditors
National Company Law Appellate Tribunal has directed the new board of debt-ridden IL&FS Group to distribute Rs 16,361 crore to creditors
-
Equity-Oriented Funds Drive MF Assets To Record High In 2021: Report
Led by a rise in inflows into equity-oriented funds, assets under management of mutual funds rose to a record high of Rs 37.73 lakh crore in 2021
-
IL&FS Expects To Resolve Nearly 60% Of Debt Despite Pandemic Delays
About 50 per centof the debt is expected to be resolved by March 2021, IL&FS' board has said
-
IL&FS May Not Have Disclosed Bad Loans For Years: RBI Report
The government took control of IL&FS late last year after it defaulted on some of its debt, triggering wider concerns about risk in the rest of the country's financial system.
-
IL&FS Seeks Tribunal Approval For Sale Of Wind Energy Arm
IL&FS had already received approval earlier last month for the sale of its wind energy business from Justice (Retired) DK Jain, appointed by the National Company Law Appellate Tribunal (NCLAT) to supervise the operation of the debt resolution process of the IL&FS group companies.
-
Mutual Funds Outflow At 1.60 Lakh Crore In June: Industry Body
In recent months, the mutual fund industry has been grappling with redemption pressure in the wake of debt crises at various groups, including IL&FS, Essel and DHFL
-
GAIL Highest Bidder For IL&FS Wind Assets With Rs 4,800 Crore Offer
GAIL's offer contemplates no hair-cut to the debt of the plants, which is around Rs 3,700 crore, IL&FS said.
-
Hari Sankaran, Ex-Boss Of Lending Firm IL&FS, Arrested For Fraud: Sources
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...
-
IL&FS Crisis: Government To Seek Relaxation In Central Bank Norms, Says Report
Some companies of the diversified IL&FS group, which has debt burden of over Rs 91,000 crore, have failed to repay loans.
-
Government's Rescue Of IL&FS May Lead To Major Losses For Banks: Report
The beleaguered company's debt pile had grown to more than Rs 90,000 crore ($12.33 billion).
