Page 7 - Il&fs Crisis

IL&FS crisis: IndusInd Bank moves NCLAT to recover unpaid interest

The NCLAT has adjourned the matter till November 13

IL&FS crisis: Did LIC violate Irdai guidelines while increasing its stake?

While the stake of LIC in IL&FS is quite substantial, the insurer cannot claim to be a promoter

IL&FS to withdraw plea by previous board seeking restructuring option

The previous board had moved the NCLT seeking the tribunal's direction to insulate itself fron Insolvency and Bankruptcy Code proceedings

IL&FS mess: Normalcy to return to system in couple of weeks, says SBI chief

Kumar added that in wake of the IL&FS crisis, the SBI stepped up in a big way

Trust, confidence severely impacted by IL&FS default, says Sebi chairman

Episode has highlighted issues arising out of complex corporate subsidiary structures

IL&FS crisis: Success of PPPs rests on prevention and resolution of dispute

Since the award of the legal cost is nominal and not actual, there isn't any disincentive for the parties not to challenge

Credit growth in financial sector likely to moderate over IL&FS defaults

Credit Suisse, in a report on the Indian financial sector, said a credit crunch was looming

IL&FS gets moratorium on creditor actions; govt welcomes stay on NCLT order

Govt says pay, ongoing projects priority

IL&FS impact: Prolonged liquidity crisis will hit economy, says Moody's

The current episode highlights the structural vulnerabilities in the liquidity management practices of Indian NBFIs

NCLAT stays NCLT order on govt's plea seeking protection for IL&FS board

The order noted that some of the groups' companies are already undergoing the Corporate Insolvency Resolution Process of the Insolvency and Bankruptcy Code

IL&FS crisis impacts JVs with Rajasthan, Jharkhand, Chhattisgarh, Andhra

Two joint ventures under negative rating watch

New board of crisis-hit IL&FS may approach PSBs to restructure their debt

If the government-owned banks agree, the debt restructuring would help IL&FS tide over the immediate financial crisis

IL&FS crisis: Gujarat should take over GIFT City, says former director

In a petition, its first independent director also asks for an SFIO investigation

IL&FS crisis: ITNL Africa Projects made losses, no operational revenue

ITNL Africa had been working on a road project connecting three Nigerian states of Kwara, Niger and Kaduna

IL&FS board likely to meet again this week; to chalk out course of action

The infra lending and engineering conglomerate major currently sits on a debt burden of nearly Rs 910 billion

IL&FS' total liabilities higher by Rs 260 billion: REDD Intelligence report

Stressed debt specialist says some loans to subsidiaries and inter-company obligations not included in reported accounts

IL&FS crisis: How the end of an easy money era is causing strain in India

There's more pain to come as global interest rates rise and the RBI proceeds with its own tightening

IL&FS crisis: Independent directors to ask why nominees still on board

The government plea has asked for suspension of seven members of the board, and appointment of 10 directors

Govt to ensure liquidity for IL&FS, group's affairs to be probed: FinMin

The Finance Ministry said the move to take over the IL&FS board was essential to restore confidence in the financial market

IL&FS crisis: Rahul takes jibe at PM Modi, asks if he loves financial scams

Congress president Rahul Gandhi Sunday attacked Narendra Modi over the alleged financial support of LIC to debt-ridden IL&FS and asked whether the prime minister "loves financial scams". Taking to Twitter he said the Life Insurance Corporation (LIC) is the country's symbol of trust and common people have saved every rupee to buy its policies. "Modi ji, your favourite private company IL&FS is about to turn bankrupt. You are trying to save it by putting the money of LIC. Why?" he asked in a tweet in Hindi. "...Why are you using LIC money to save fraudsters. For you, hope IL&FS does not mean I love financial scams," he said. In another tweet in Hindi, Gandhi alleged that in 2007, Modi as Gujarat chief minister gave the Rs 70,000 crore 'Gift City' project to IL&FS in which nothing has happened till now and alleged that a fraud had come to light. In comparison, Gandhi alleged that in 2018, Prime Minister Modi is trying to give a bailout of Rs 91,000 crore to debt-ridden ...