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BALESHWAR KHARAGPUR EXPRESSWAY
SC upholds NCLT's order that allowed interim distribution of funds from escrow account of BKELThe Supreme Court has upheld the National Company Law Appellate Tribunal's order allowing interim distribution of funds from the escrow acc...- IL&FS challenges NCLAT’s interim distribution order in Supreme CourtIL&FS has appealed to the Supreme Court against NCLAT's order allowing interim distribution of Rs 263.44 crore from BKEL's escrow account t...
- NCLAT reserves order on SBI plea for funds from IL&FS CoThe NCLAT reserved its decision on SBI's plea for an interim distribution of Rs 275 crore from the escrow account of Baleshwar Kharagpur Ex...
- Adani Enterprises, Edelweiss Fund among 20 companies in fray for IL&FS' road assetsA mix of corporate houses, infrastructure and road construction companies, non-banking financial companies (NBFCs), and funds have shown in...
- NCLAT directs NHAI not to terminate concession agreement of IL&FS group entityThe National Company Law Appellate Tribunal (NCLAT) has directed the National Highways Authority of India (NHAI) not to terminate the conce...
- IL&FS to sell stakes in three road assets as InvIT plan failsIL&FS is poised to divest its stakes in three road projects as part of the resolution process. This decision comes after the new board's in...
- IL&FS plans sale of some road assets as InvIT transfer faces hurdlesIL&FS had plans to transfer around a dozen road assets to the InvIT, Roadstar Infra Investment Trust (RIIT). While it has already transferr...
- IL&FS moves NCLAT over consent delays for transfer of assets to InvITUnder the resolution framework, the company management had approved the transfer of four road assets (BKEL, BAEL, JIICL, and JRPICL) to the...
- IL&FS gets NCLT approval for phase 1 InvITWith this approval, six road projects -- Barwa Adda Expressway Ltd, Baleshwar Kharagpur Expressway Ltd, Sikar Bikaner Highway Ltd, East Hyd...
- IL&FS receives Rs 693 crore as settlement claims from NHAIITNL, a subsidiary of IL&FS, on March 31st this year received settlement amount of Rs 673 crore for Kiratpur Ner Chowk Expressway Limited (...
- IL&FS may add another road asset to proposed InvIT listFacing delays in finalising bidder due to COVID-19, cash-strapped IL&FS Group is looking at including one more road project - Pune Sholapur...
- I Squared Cap, NIIF among 14 bidders for IL&FS road assetsEdelweiss, Cube Highways also make offers for Rs 20,000-crore assets spread across seven states.
- IL&FS may file contempt case against 9 big banksSBI, PNB, HDFC, Yes Bank among lenders that may face action for unauthorised withdrawals of about Rs 800 cr.
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