NCLAT reserves order on IL&FS Engineering saleThe National Company Law Appellate Tribunal has reserved its decision on ICICI Bank's objection to the sale of a 42.25% stake in IL&FS Engi...
NCLAT relief for IL&FS Engineering in recovery caseThe National Company Law Appellate Tribunal (NCLAT) dismissed Terra Projects Pvt Ltd's application for modification of its October 2018 ord...
IL&FS seeks NCLAT nod to sell insolvent companies with haircut, without shareholders' approvalIn this process, "lenders, as well as shareholders, would anyway have to take a haircut for their respective debt/ and equities," IL&FS sai...
KKR affiliate entity set to acquire IL&FS’ stake in Bangalore Elevated TollwayGalaxy Investments, a wholly owned subsidiary of KKR Asia Pacific Infrastructure Holdings, has entered into a definitive agreement with UK’...
Grant Thornton audit unearths fraudulent practices at IL&FS CoSome email exchanges between officials revealed that certain estimates about project viability were given to investors that the top executi...
IFIN ex-CEO Bawa says LIC didn’t back Piramal’s IL&FS bidThe Piramal Group was close to take charge of the IL&FS Group in 2015 but the deal failed to take off.
BMRCL Writes to IL&FS Unit over ORR Metro Line ContractThe construction firm, which is a subsidiary of debt-ridden group company IL&FS has participated in all the three packages of Bengaluru’s 1...