3 May 2019: More than Rs 53,000-crore bank loans to crisis-hit Infrastructure Leasing & Financial Services (IL&FS) are likely to be added to the bad loans book of banks with the National Company Law Appellate Tribunal (NCLAT) on Thursday allowing… Read More ›
IL&FS
MC: Banks have to mark IL&FS accounts as NPAs after default: RBI to NCLAT
16 April 2019: The RBI on April 16 told the National Company Law Appellate Tribunal that banks will have to classify the accounts of debt-ridden IL&FS and its group companies as NPAs in terms of its master circular and the Supreme… Read More ›
LM: NCLAT adjourns IL&FS case hearing to 29 April
16 April 2019: The National Company Law Appellate Tribunal (NCLAT) on Tuesday adjourned the hearing on the matter of the debt-ridden Infrastructure Leasing and Financial Services (IL&FS) to 29 April. During the hearing, the tribunal observed that IL&FS should distribute… Read More ›
BS: NCLAT tells IL& FS to release pension/PF money first
9 April 2019: Courts have finally come to the rescue of lakhs of investors who face the prospect of losing their entire retirement savings parked in the toxic IL&FS bonds by their respective pension and provident fund (PF) trusts. The… Read More ›
ET: NCLAT seeks information on exposure to IL&FS ‘amber’ companies
9 April 2019: In a move to protect the investments of pension funds and provident funds, the National Company Law Appellate Tribunal has sought the details of the investment of such funds in “amber” companies of the debt laden Infrastructure… Read More ›
ET: NCLAT seeks details about 4 IL&FS group entities
8 April 2019: The National Company Law Appellate Tribunal Monday directed debt-ridden IL&FS to submit information over investment made by pension and provident funds in its four group firms, and also sought details of financial liabilities of those entities. These… Read More ›
IE: Mother Dairy invested Rs 190 crore in IL&FS, sent SOS to PM after default
5 April 2019: Days before IL&FS defaulted on loan repayments in the last week of August, Mother Dairy Fruit and Vegetable Private Ltd (MDFVL) decided to make a series of investments totalling over Rs 190 crore in the beleaguered infrastructure… Read More ›
