IL&FS Financial Services is selling ₹2,200 crore in loans to recover dues from SKIL Infrastructure, Gujarat-Dwarka Portwest, and SKIL-Himac...

In this process, "lenders, as well as shareholders, would anyway have to take a haircut for their respective debt/ and equities," IL&FS sai...

IL&FS had plans to transfer around a dozen road assets to the InvIT, Roadstar Infra Investment Trust (RIIT). While it has already transferr...

The lenders see value in selling the assets while ITNL wants a resolution by transferring the asset to its infrastructure investment trust ...

Brookfield's affiliate company Chronos Properties has emerged as the successful bidder to acquire the marquee property for over ₹1,080 cror...

Monetisation of these key properties, in the business district of Lower Parel and Chandivali, owned by the company and its wholly-owned sub...

The iconic property was one of the first structures to come up in BKC, which is now the de facto Central Business District of the country’s...

The Board of Directors, in its second quarterly update on the asset resolution status, said it has addressed Rs 1,460 crore of additional d...

A two-member Mumbai bench of the NCLT approved the sale of IL&FS's 73.69 per cent stake in Schoolnet India, formerly known as IL&FS Educati...

An affidavit by the board said that “of the five ITNL sale SPVs, voting had commenced for four SPVs. On account of concerns raised by the C...

It has proposed to release 55 companies from the moratorium. Some of these are under IBC process.

Uday Kotak-led board has also proposed to release 55 group firms from moratorium

NCLT asks company to deposit proceeds in an interest-bearing account for now.

The decision to form a sub-panel was taken in its board meeting held on June 28, Infrastructure Leasing & Financial Services Ltd (IL&FS) sa...

The new management of the IL&FS is considering assets sales to bail out the company from its financial mess and pay back to its lenders ove...

The new board of the group also said it will soon initiate the process to divest its stake in IL&FS Education, IL&FS Technologies, ONGC Tri...

In the annual general meeting held today, the company briefed the shareholders about the situation and how it plans to restore normalcy.