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ILFS GROUP
NCLAT grants exemption to 50 IL&FS's red & amber companies from CSR obligationsThe NCLAT has granted an exemption to certain IL&FS Group companies from corporate social responsibility spending. This waiver applies to '...- NCLAT allows banks to proceed against former IL&FS directors not part of new boardThe NCLAT has permitted Canara Bank and Indian Bank to pursue actions against former IL&FS directors, excluding those on the new board, to ...
- IL&FS group discharges Rs 45,281 cr debt to its lenders as of March 2025IL&FS group has resolved Rs 45,281 crore of its debt by March 2025, marking significant progress in its resolution plan, which includes 197...
- IL&FS group resolves debt of Rs 38,082 crore as of September-endIL&FS Group, grappling with debt, has successfully repaid Rs 38,082 crore to its creditors by September 30, 2024. The resolution process, i...
- IL&FS seeks legal advice to recover excess remuneration paid to directorsIL&FS Group is seeking legal advice on how to recover approximately Rs 187 crore in excess remuneration from former directors of IL&FS, IFI...
- IL&FS to distribute Rs 3,200 crore to IFIN creditorsAs part of the interim distribution, IL&FS Group will be paying a total of Rs 3,200 crore to IFIN eligible creditors, that is being distrib...
- Govt seeks additional 270 days to complete resolution for 105 IL&FS group companiesThe Ministry of Corporate Affairs (MCA) has also requested the appellate tribunal to release 55 other entities from moratorium, so that the...
- Financial institutions debit Rs 759 crore from IL&FS against NCLAT orderAs per the fifth progress report to the NCLT, the company said that banks and financial institutions' actions affects its efforts to surviv...
- ED provisionally attaches properties of IL&FS members worth Rs 570 croresThose whose properties stand attached are Ravi Parthasarathy, Ramesh Bawa, Hari Sankaram, Arun Saha and Ramchand Karunakaran.
- IL&FS probe: Audit flags 'favours, pressure and threats' among tactics used for good ratingsA report shows that IL&FS management provided gifts or changed the rating agencies to get favourable ratings.
- IL&FS case: Sebi widens probe into role of rating agenciesOfficials at the rating agencies denied any lapses on their part.
- IL&FS may soon begin servicing debt of 13 group entitiesIL&FS plans to reclassify the ‘amber’ entities as ‘green’. The NCLAT has given the government and the company time till July 12 to do the r...
- Lenders allowed to tag IL&FS A/Cs as NPAsThis reverses the National Company Law Appellate Tribunal’s (NCLAT) own February order that didn’t require financial institutions to recogn...
- NCLAT seeks dues details from IL&FSAll but 50 of the 169 domestic group companies of IL&FS are currently enjoying a moratorium on all financial claims against them.
- GIFT City’s future uncertain over IL&FS group's fin woesGIFT City Co, which is implementing the GIFT City project in Gandhinagar, is a 50:50 JV b/w IL&FS and the state govt-owned Gujarat Urban De...
- With direct resolution of holding companies ‘unlikely’, IL&FS Board may sell group firmsIL&FS is currently seeking an extension of an interim order by the NCLT that granted a moratorium on claims against group cos.
- NCLAT allows 22 IL&FS group firms to service debt obligationsThe appellate tribunal also lifted moratorium and allows 133 IL&FS firms incorporated outside India to continue with the resolution process.
- IL&FS crisis: Government to seek special dispensation from Reserve BankSome companies of the diversified IL&FS group, which has debt burden of over Rs 91,000 crore, have failed to repay loans.
- IL&FS gets over 30 EOIs for sale of its domestic roads verticalThe IL&FS group is facing serious liquidity crisis and has defaulted on interest payment on various debt repayments since August 27.
- IL&FS Group stocks gain more on LIC supportShares of IL&FS group companies rallied up to 12 per cent on Tuesday.
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