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Apr 15, 2021 01:59 PM ISTFurther, recovery of around Rs 10,000 crore is likely to spill over beyond September 2021 on account of various reasons, including procedural complexities, IL&FS said,
Apr 15, 2021 12:38 PM IST The Group has addressed aggregate debt of Rs 43,000 crore till date, according to the Board through sale of assets.
Apr 08, 2021 01:21 PM IST IL&FS, which owed over 65,000 crore to the system, held 97.54 percent of equity in IEISL
Apr 04, 2021 04:08 PM IST The group further said there is a pending settlement of Rs 902 crore for the Khed Sinnar Expressway project and Rs 171 crore for Amravati Chikli Expressway from NHAI.
Apr 01, 2021 07:33 PM IST The transaction will help the group address Rs 2,600 crore of its overall debt of close to Rs 99,000 crore (as of October 2018).
Feb 20, 2021 03:58 PM IST The lender said IL&FS Transportation had availed credit from it during 2016 under multiple banking arrangements in which Karnataka Bank was one of the members.
Jan 22, 2021 08:53 PM IST The group mentioned that it has addressed Rs 32,000 crore of the group's overall debt so far and retained its target of addressing a debt of over Rs 56,000 crore by 2021-22, of an overall debt of over Rs 99,000 crore (as of October 2018).
Jan 22, 2021 03:14 PM IST The board, led by veteran banker Uday Kotak, retained its target of addressing a debt of over Rs 56,000 crore by 2021-22, of an overall debt of over Rs 99,000 crore (as of October 2018).
Jan 16, 2021 04:47 PM IST The RBI is expected to set out proposals in a discussion paper next week, recommending that bigger shadow banks maintain a statutory liquidity ratio, the sources said.
Dec 31, 2020 04:05 PM IST CoC meeting underway to decide the winner as Piramals and Oaktree submit almost at par bids.
Oct 31, 2020 09:38 AM IST Shadow banks exist in many Third World countries, notably China, Indonesia and Bangladesh, among others. These are financial institutions that borrow and lend funds for all sorts of projects. But as they are not banks, they are subject to light touch supervision and regulation.
Oct 24, 2020 02:38 PM IST The group said the Rs 7,300-crore shortfall in the September target has been rolled over for achievement in subsequent quarters.
Oct 19, 2020 06:48 PM IST Nayyar was appointed the executive vice-chairman in 2018 and has been leading the IL&FS resolution.
Sep 23, 2020 08:54 PM IST This is Kotak's second extension on IL&FS board, after the government extended his term for a year in October last year
Aug 18, 2020 01:44 PM IST As per the report, BSR and other entities in its network used “de facto” the KPMG trademark and branding to provide audit and non-audit services while making “clearly futile attempt to show a de jure (legal) separation from KPMG.”
Aug 04, 2020 01:09 PM IST Hemant Kanoria pointed out that fear of defaults is causing banks to refrain from fresh lending
Jul 22, 2020 08:19 PM IST The regulator has also imposed a monetary penalty of Rs 25 lakh on Sen, having found him guilty of professional misconduct and complicity in the fraudulent presentation of the company's financial statements.
Jul 20, 2020 12:49 PM IST Aggregate value of debt being addressed is now estimated as over Rs 57,000 crore – with around Rs 50,500 crore likely to be addressed by March 2021
Jul 06, 2020 08:00 PM IST Regarding an appeal against SEBI order imposing Rs 25 lakh penalty on India Ratings, the tribunal directed the rating agency to deposit the amount with the regulator within four weeks, which would be subject to the result of the appeal.
Jun 11, 2020 10:19 AM IST The RBI has noted that market financing conditions for NBFCs, assessed through various market metrics, have shown sign of deterioration post the outbreak of COVID-19, especially for lower rated /private sector NBFCs.
Jun 08, 2020 01:15 PM IST The stake sale was approved by the National Company Law Tribunal last month.
May 28, 2020 05:03 PM IST IL&FS Transportation Networks India Limited passed lucrative contracts to GHV India Private Limited through suspicious transactions and rigged bidding, says report by Grant Thornton.
May 27, 2020 07:00 PM IST The 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 expenditures, other applicable taxes from the sale proceeds of the applicant's shareholding in GIFTCL to the Gujarat government.
May 18, 2020 12:22 PM IST The High Court ruling on April 20 was a relief for the two audit firms that moved court against the government’s decision to ban them from auditing activities for five years and initiate criminal proceedings against them.
Apr 16, 2020 01:22 PM IST “The divestment of IWPSL has resulted in a consideration of Rs 6.05 crore to IL&FS Energy that will be kept in an escrow account for its lenders,” the group said in a release.
