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French Proverb of the day: 'Good advice is often annoying, bad advice...' Life lessons on truth, human nature, honesty and why 'yes men' can lead to your downfallFrench Proverb of the day explains why honest feedback can feel uncomfortable while flattery feels pleasant. The proverb explores truth, hu...- 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 '...
- NCLT asks Brookfield to renew performance guarantee for IL&FS HQThe NCLT Mumbai has ordered Brookfield Asset Management to renew its performance guarantee for IL&FS' headquarters within 30 days, preventi...
- 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...
- NCLAT restores IFIN's Rs 593-cr claim in Attivo with 39% vote share in lenders' panelNCLAT has reinstated IL&FS Financial Service's Rs 593 crore claims and voting rights in the insolvency process of Attivo Economic Zones, a ...
- 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...
- NCLAT directs PSBs to not take coercive action against IL&FS, its boardThe NCLAT direction came on Tuesday over an urgent plea moved by the newly appointed board of debt-ridden IL&FS, seeking direction to the b...
- IL&FS moves NCLAT, seeks protection for group companies from wilful defaulter tagIn its petition, IL&FS said it is aggrieved by the "blatant violation and disregard" of previous NCLAT orders by the banks. IL&FS also char...
- IL&FS lenders to receive ₹16,000 crore in Q3Alvarez & Marsal and Grant Thornton are advising IL&FS on the bank-wise distribution of the proceeds from the recoveries. IL&FS had informe...
- ILFS on track for 62% recovery, says Uday KotakThe group estimates resolution of the remaining nearly Rs 4,000 crore debt across 97 entities to move beyond March 2022 and thus achieve it...
- National Company Law Tribunal approves sale of IL&FS education arm to Lexington Equity"On hearing the Counsel for the applicant and upon going through the pleadings and the documents attached to the application, we are of the...
- Insolvency plea against IL&FS Transportation' Spanish arm"The Management of Elsamex SAU, Spain, a wholly-owned subsidiary of the company has informed that an application has been filed by one of t...
- NCLT approves IL&FS stake sale in GIFTCL to Gujarat governmentThe order said that IL&FS had sought that an amount of Rs 61.84 lakh is excluded as resolution process costs incurred for meeting various e...
- HSBC files winding up plea against IL&FS firm in Singapore courtIn the first such case against a group entity of crisis-hit Infrastructure Leasing and Financial Services Ltd (IL&FS) Group, the Hongkong a...
- NCLT stays its own order to prosecute IL&Fs auditors for 4 weeksThe NCLT order its order is based on the findings of the probe conducted by the Serious Fraud Investigation Office.
- IL&FS Fin Services laundered Rs 5,000 cr of shareholder funds, ED tells courtThe ED claimed the group was being run as a "personal fiefdom" by the directors, who indulged in enhancing turnover for ensuring better cre...
- British Airways, Philips, others want a say in IL&FS resolution planThe companies said that their provident funds have invested in the bankrupt IL&FS.
- IL&FS moratorium hits group companiesBanks’ exposure in the total debt of the IL&FS group is at 60 per cent.
- DIPP develops portal for filing of IEM, IL applications"This portal will be available for public with effect from October 16 for filing application and no applications shall be received through ...
- IL&FS appoints Alvarez & Marsal for restructuringAddressing the media post the AGM, he said that the board took four important decisions today.
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