Companies & Sectors

Crisis-ridden IL&FS on Monday said it has received approval from Justice (retd) D.K. Jain on the proposed sale of wind energy subsidiaries, held under IL&FS Wind Energy Ltd (IWEL), to ORIX Corporation of Japan.   Justice Jain was appointed by the National Company Law Appellate...
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The Supreme Court on Monday ruled status quo on the sale of Essar Steel to Arcelor Mittal.   A bench headed by Justice Rhinton F. Nariman admitted the appeals by Essar Steel lenders and Arcelor Mittal challenging the order of the National Company Law Appellate Tribunal...
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As a new layer of the IL&FS mess gets exposed every other day, Grant Thornton's forensic audit report now suggests that IL&FS Transportation Networks Ltd's (ITNL) current CEO, Dilip Bhatia, was among the decision-makers in terms of rating changes of the company and very much tried to conceal...
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Updated on 22 July 2019 to incorporate comment from CARE Ratings...   Grant Thornton India LLP, which was appointed to conduct forensic audit on credit rating agencies (CRAs) by Infrastructure Leasing & Financial Services (IL&FS) reveals nexus between key employees of the scam-hit group...
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The Enforcement Directorate on Thursday said it has attached properties totalling Rs 200 crore of different companies of the Basil International Ltd in several states in its probe into a ponzi scheme case.   In a statement, the agency said: "The ED has attached assets to the tune of...
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