The newly-formed board of IL&FS Tuesday informed the National Company Law Appellate Tribunal (NCLAT) that it has drawn up a new roadmap to address concerns of lenders.
Mumbai: Reliance InfrastructureNSE 0.13 % has bagged a Rs 16.14 crore arbitration award against National Highway Authority of India, a small win for the company which has Rs 8,000 crore of claims with different government agencies.
MUMBAI: The Infrastructure Leasing & Financial Services will rebid IL&FS Securities Services Ltd (ISSL) after capital market regulator Securities and Exchange Board of India approved the sale to IndusInd BankNSE -1.80 % for Rs 400 crore in September, said two people in the know of the development.
MUMBAI: The National Companies Law Appellate Tribunal (NCLAT) will hear the government’s plea seeking moratorium on recovery of 90 days on loans by IL&FS and subsidiaries, recovery by third parties and will also hear five large creditors on November 13. IndusInd BankNSE -1.80 %, which is one of the large five, is likely to vote…
As many as 357 infrastructureNSE 0.00 % projects, each worth Rs 150 crore or above, have shown cost overruns to the tune of over Rs 3.39 lakh crore owing to delays and other reasons, a report said.
Mumbai: Billionaire Ajay Piramal-led Piramal Group has signed a deal with Sadbhav Infrastructure Project Ltd (SIPL) to provide debt financing worth Rs 600 crore to complete the underlying road projects.
The government is mulling the sale of crisis-hit Infrastructure Leasing and Financial Services (IL&FS) as one of the options to resolve issues facing it, Corporate Affairs Secretary Injeti Srinivas said Monday. IL&FS, which arranged
The contract to build the strategically important Rs 6,800-crore Zojila Tunnel in Jammu and Kashmir, which was awarded to Infrastructure Leasing & Financial Services, may
The new board of the troubled IL&FS has found that one of the group subsidiaries, IL&FS Financial Services’ (IFIN) outstanding loans and investments to other group entities are much higher than the permissible regulatory caps for the three years ending fiscal 2018.
India is the biggest commitment country for the Asian Infrastructure Investment Bank (AIIB) which is interested in funding rural roads and transmission lines projects in the country, a top official of the Beijing-based multilateral development