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ED summons Maha NCP chief in IL&FS money laundering case

 The Enforcement Directorate (ED) has summoned Maharashtra Nationalist Congress Party president and MLA Jayant Patil for questioning in a money laundering case linked to alleged financial......

Coal scam: CBI questions Arvind Jayaswal

 The Central Bureau of Investigation on Monday questioned Arvind Jayaswal, director AMR Iron and Steel Private Limited, in connection with alleged irregularities in allocation of Bander coal block......

ED searches 2 former IL&FS auditors in connection with money-laundering case

 The ED carried out searches against two former auditor firms of IL&FS -- BSR and Associates and Deloitte Haskins and Sells -- on Wednesday in connection with its money-laundering probe into alleged......

Govt reshuffles IL&FS board; C S Rajan is non-executive chairman

 The government has reshuffled the board of IL&FS Ltd, which is undergoing debt resolution process, with existing board member C S Rajan being redesignated as the non-executive chairman.......

IL&FS creditors to get Rs 16,361 cr on pro-rata basis

 The National Company Law Appellate Tribunal has directed the new board of the debt-ridden IL&FS Group to distribute Rs 16,361 crore of cash and InvIT units available across the Group to its......

IL&FS to resolve debt of Rs 55,000 cr by March

 IL&FS group would resolve debt of Rs 55,000 crore by March 2022, the board of the crisis-hit company has stated in its affidavit filed before the National Company Law Appellate Tribunal (NCLAT).......

IL&FS case reveals what India's resolution mechanism is lacking

 The infra-major going belly up cracked open some major flaws in the system — the most evident being weak corporate governance and how layers of corporate structures could be formed adding to......

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