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Ilfs Financial Services

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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......

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 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......

IL&FS sells environment biz to pare Rs 1,200 cr debt

Bankrupt Infrastructure Leasing & Financial Services (IL&FS) has sold the entire stake in the waste management arm IL&FS Environmental Infrastructure & Services (IEISL) and its subsidiaries to......

How IL&FS crisis has impacted non-banking finance companies

For non-banks, the IL&FS crisis was nothing short of India’s Lehman moment, which has for a foreseeable future reset the sector on multiple grounds. Two and a half years after the......

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