The National Company Law Appellate Tribunal (NCLAT) on Friday suggested that asset sale of Infrastructure Leasing and Financial Services (IL&FS) should be under supervision or oversight of a retired judge from the Supreme Court.    While staying arbitration proceedings against the...

Debt-ridden IL&FS has received more than 30 expressions of interest (EOIs) for the domestic roads vertical housed under its subsidiary, IL&FS Transportation Networks Ltd.   "More than 30 expressions of interest were received for acquiring IL&FS' interests in its domestic road...

The National Company Law Tribunal (NCLT) has allowed the government to re-open and re-cast the past five years' financial accounts of Infrastructure Leasing & Financial Services (IL&FS) and  its subsidiaries IL&FS Transportation Networks Ltd (ITNL) and IL&FS Financial Services Ltd...

The Institute of Chartered Accountants of India (ICAI), in its interim report has said statutory auditors of Infrastructure Leasing & Financial Services Ltd (IL&FS) acted in a 'negligent and fraudulent manner' and prepared incorrect financial statements of the debt-laden group. Deloitte...

One of the points noted by the Serious Frauds Investigation Office (SFIO) report on IL&FS (Infrastructure Leasing and Financial Services) is the ever-greening of loans by its subsidiary IL&FS Financial Services Ltd (IFIN). But these are clearly not any old loans. Why would these companies...