According to the CBI’s FIR, the complaint given by Canara Bank (largest lender) alleges that the accused entered into a criminal conspiracy...

In its complaint to the CBI, which became the basis for the FIR, the Canara Bank has alleged that the accused misappropriated the sanctione...

IL&FS had defaulted on payments in 2018. The financial crisis at the non-bank finance group came to light in July that year, when its roads...

This comes after audit regulator NFRA in its audit quality review report in the case of ITNL, pulled up the EY arm for failing to issue red...

The report said that the audit firm has to be independent and has violated several regulations mandated for the audit firms. NFRA, part of ...

"So far neither IL&FS/ITNL has asked SRBC to resign, nor has SRBC offered to resign. This is under examination and is being referred to the...

It is informed that an NPA Account, viz IL&FS Transportation Network Limited (ITNL) with outstanding dues of Rs 149.98 crore has been decla...

"After hearing both the sides and on perusal of records, this bench is of the view that the initiation of bankruptcy proceedings is the bes...

In the first such case against a group entity of crisis-hit Infrastructure Leasing and Financial Services Ltd (IL&FS) Group, the Hongkong a...

The IL&FS crisis first came to light in July 2018 when ITNL, the road arm, was facing difficulty in making repayments due on its bonds. At ...

The MCA is expected to move court for freezing bank accounts and properties of some of IL&FS ex-directors.

Charge sheet says 8 entities lent to without due diligence or verification of actual funds needs, and without adequate security cover.

Since mid-2018, under instructions of ITNL, several of the Indian employees employed by its Project Companies had returned to India.

IL&FS employees in Ethiopia have also alleged that the Indian embassy was completely ineffective.

ITNL said is in the process of reviewing the financials for the quarter ended Sep'18.

SBI Capital Markets is understood to have arrived at a fair value of Rs 349 a share for IL&FS.

The debt raised by ITNL Offshore, carries an unconditional and irrevocable guarantee of $ 114 million from Exim Bank, as per a note by Fitc...