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IL&FS sells its environment business, reduces debt by Rs 1,200 cr

Mumbai, April 7 | IL&FS has sold its stake in IL&FS Environmental Infrastructure & Services Limited (IEISL) and its subsidiaries to EverEnviro Resource Management...

IL&FS receives Rs 693 cr settlement claim for 2 road projects

Mumbai, April 4 | IL&FS has received Rs 693 crore worth of settlement claims for two road projects from the National Highways Authority of...

IL&FS wins Gurgaon Metro Project case in SC

New Delhi, March 26 | In a major relief to IL&FS, the Supreme Court on Friday directed Haryana Shehari Vikas Pradhikaran (HSVP) to deposit...

NHAI settles Rs 707 cr claim of IL&FS’ FSEL

Mumbai, March 10 | National Highways Authority of India (NHAI) has completed settlement of Rs 707 crore towards Fagne Songadh Expressway Ltd (FSEL), a...

NCLT nod for Rs 707 cr claim of IL&FS’ FSEL from...

Mumbai, Feb 18 | The National Company Law Tribunal (NCLT) has approved the settlement claim of Rs 707.709 crore made by Fagne Sonagarh Expressway...

IL&FS addresses aggregate debt of Rs 32KCr so far

Mumbai, Jan 22 | Debt-ridden IL&FS Group has addressed aggregate debt of around Rs 32,000 crore so far.In a statement on Friday, the group...

ED attaches assets worth Rs 452 cr in IL&FS cheating case

New Delhi, Jan 5 | The Enforcement Directorate (ED) has attached assets valued at Rs 452 crore of Singapore-based shell company allegedly owned...

IL&FS gets approval to sell China road asset

New Delhi, Dec 24 | IL&FS Group has received Justice (Retd) D.K. Jain's approval for sale of its Chinese road asset - Chongqing...

Nand Kishore appointed Executive Director of IL&FS

New Delhi, Dec 20 | The Board of IL&FS has approved the appointment of Nand Kishore as the Executive Director of the company, with...

IL&FS receives binding offer for IEDCL, invites more EoIs

Mumbai, Nov 26 | IL&FS has invited Expressions of Interest (EoI) for the sale of its energy advisory business undertaking of IL&FS Energy Development...

IL&FS finalises InvIT structure for road assets

New Delhi, Nov 2 | Crisis-hit IL&FS has finalised the InvIT structure for its road assets with a view to resolve debt of about...

Despite pandemic IL&FS expects to address over Rs 50K cr debt...

New Delhi, Oct 24 | IL&FS Board is hopeful that it will be able to address the targetted debt of over Rs 50,000...

IL&FS Group Vice Chairman Nayyar resigns, Rajan takes charge

Mumbai, Oct 19 | The Board of IL&FS Group on Monday announced the resignation of Vineet Nayyar as the Executive Vice Chairman of the...

IL&FS invites EoIs for its 42% stake in engineering arm

New Delhi, Oct 1 | Infrastructure Leasing and Financial Services (IL&FS) has sought expressions of interest (EoI) for the 42.25 per cent stake it...

NCLT approves sale of IL&FS education arm to LEHL

Mumbai, Sep 2 | The National Company Law Tribunal (NCLT) has approved the sale of IL&FS's education business, Schoolnet India Ltd, to Lexington...

IL&FS Board expects to address over Rs 57,000 cr debt (Ld)

New Delhi, July 20 | Crisis-hit IL&FS Group expects to address debt of about Rs 57,240 crore out of the total debt of over...

IL&FS expects to address Rs 57,000 cr debt by end of...

New Delhi, July 20 | The Board of IL&FS Group expects to address debt of about Rs 57,240 crore by the end of the...

IL&FS: SAT says SEBI can enhance penalty on India Ratings

New Delhi, July 6 | The Securities Appellate Tribunal (SAT) has ruled that the SEBI has the power to initiate proceedings under Section 15-I(3)...

IL&FS rejigs top level responsibilities to expedite resolution

New Delhi, June 4 | The IL&FS Board has made some top level changes in responsibilities for expediting the resolution process involving its group...

NCLT approves IL&FS stake sale in GIFT City to Guj Govt

New Delhi, May 27 | The Principal Bench of National Company Law Tribunal (NCLT) has approved the stake sale of IL&FS in Gujarat International...

IL&FS completes sale of IL&FS Wind Power Services amid lockdown

Mumbai, April 16 | IL&FS has completed the sale of IL&FS Wind Power Services (IWSPL), a wholly owned subsidiary of IL&FS Energy Development Company...

Covid delays IL&FS China asset sale, Singapore bondholders asked to defer...

Mumbai, March 31 | ITNL Offshore PTE Ltd (IOPL), a Singapore-based subsidiary of IL&FS owned ITNL, on Tuesday said the company is "committed to...

IL&FS: NCLAT okays pro-rata distribution of proceeds

New Delhi, March 12 | In a setback to a few secured creditors of the crisis-ridden IL&FS Group, the National Company Law Appellate Tribunal...

Centre seeks extension of IL&FS resolution period

New Delhi, Feb 12 | The Ministry of Corporate Affairs (MCA) has asked the National Company Law Appellate Tribunal (NCLAT) to extend the period...

IL&FS adds Rs 3,333 crore cash in a liquidity boost

New Delhi, Jan 11 | Moving ahead on the key objective to generate liquidity in the IL&FS Group entities, cash and cash equivalent balances...

IL&FS readies plan for recovery in international assets

New Delhi, Jan 11 | IL&FS has granted in principle approval for an alternate option to monetise international assets that have not received optimum...

PFC ceases to be among five largest creditors of IL&FS

New Delhi, Jan 11 | IL&FS will seek directions from the NCLAT for removal of Power Finance Corporation (PFC) as one of the top...

IL&FS case: NCLAT seeks clarity on proceedings against auditors

New Delhi, Jan 9 | Hearing a plea here by the former auditors of IL&FS Financial Services (IFIN) -- Deloitte Haskins and Sells LLP,...

Business

Strong bounce back witnessed for toll road assets: ICRA

New Delhi, April 10 | India's toll roads are likely to witness a 14-15 per cent growth in collections in FY22, ratings agency ICRA...