IL&FS Financial Services

Debt-ridden IL&FS group has repaid Rs 50,387 crore to its creditors as of June 2026, according to the latest status report affidavit filed before insolvency appellate tribunal NCLAT. This is around 4 per cent higher than Rs 48,463 crore repayment by IL&FS as per the last status report filed in September 2025. With the repayment of Rs 50,387 crore, the overall debt resolution of the IL&FS group has reached nearly 82.6 per cent of its target of Rs 61,000, which is approximately 61.38 per cent of the total external debt outstanding of Rs 99,377 crore. However, it has paid 88.4 per cent -- around Rs 57,000 crore of its total debt of Rs 91,000 crore (the amount which was estimated at the time of the management takeover) -- owed to public sector banks and financial institutions. Additionally, a significant portion of the company's equity capital is held by public financial institutions, including the Life Insurance Corporation of India (LIC), State Bank of India (SBI), and ...

The court said the intention of the legislature behind Section 145 is very clear

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IFIN had placed 62 non-performing asset (NPA) accounts worth Rs 4,297 crore on sale, which was to be done through the 'Swiss Challenge' route

In terms of eligibility for bidding, corporate bodies should have a minimum net worth of Rs 150 crore as per the audited balance sheet as of March 31, 2019 or later

One of the key holding companies in the IL&FS group, it provided loans to various third-party borrowers and many entities of the group

The Enforcement Directorate (ED) has summoned MNS party chief Raj Thackeray in connection with its money laundering probe in the IL&FS alleged payment default crisis case, officials said on Monday. It had also called Unmesh Joshi, son of former state chief minister and Shiv Sena leader Manohar Joshi, in the same case after which he deposed before the central agency in Mumbai on Monday, they said. Unmesh Joshi's statement has been recorded under the Prevention of Money Laundering Act (PMLA), they said. Officials said the Maharashtra Navnirman Sena (MNS) chief has been asked to appear before the investigating officer of the case on August 22 at the agency's zonal office in Mumbai. The MNS dubbed as "political vendetta" the ED move to issue the notice to its cheif to join investigations. "Raj Thackeray created a sensation during the Lok Sabha poll campaign earlier this year. It had a significant impact on people and to avoid a similar challenge ahead of the Maharashtra Assembly ...

IFIN, in its board meeting, had appointed Mukund M Chitale & Co the statutory auditor for the company.

The National Company Law Appellate Tribunal (NCLAT) on Tuesday declined to give any interim relief to auditing firms Deloitte Haskins & Sells LLP and B S R Associates LLP with regard to a ban imposed on them in the IL&FS case. The NCLT Mumbai will continue its scheduled hearing in the case of their alleged role in the IL&FS fraud matter, a three-member bench headed by Chairperson Justice S J Mukhopadhaya said. The NCLAT, however, said that the NCLT will not pass any final order till its next hearing on September 20. Listing the matter for September 20, the NCLAT also issued a notice to the Ministry of Corporate Affairs to file its reply within two weeks. The NCLAT was hearing appeals filed by Deloitte and BSR against the order of the Mumbai bench of the National Company Law Tribunal (NCLT), which on August 9, rejected their pleas of challenging its jurisdiction to ban them from the business for five years for their omissions and commissions in the IL&FS Group scam. The

At present, banks do not share with CRAs details of a company's existing and future borrowing

The prosecution complaint was filed in a special court of the Prevention of Money Laundering Act, charging former senior management personnel of IL&FS along with Aircel founder C Sivasankaran

MCA names SBI, HDFC Bank, PNB, ICICI Bank among others, says they violated appellate tribunal moratorium

Grant Thornton's audit report had pointed at possible collusion between rating agencies, IL&FS brass

NCLT reserves order on ministry of corporate affairs' plea to ban auditing firms for five years.

The company has also failed to make payments for five bank loans

MUMBAI (Reuters) - IL&FS Financial Services, part of India's Infrastructure Leasing & Financial Services (IL&FS), said on Thursday it missed repayments on a host of bank loans and some term deposits due this month.

Non-executive director Vibhav Kapoor has also resigned; Kaushik Modak names new CEO

Investors said the financials of IFIN for the financial year 2018 were not looking good