Ilfs Employees-welfare-trust

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Ilfs Employees-welfare-trust - Total results - 4
IL&FS board charges 14 former directors of money laundering, criminal intent; show cause notices issued
Business

IL&FS board charges 14 former directors of money laundering, criminal intent; show cause notices issued

LIC is the single largest shareholder with over 25 percent stake in IL&FS and Japan's Orix Corp owns a little over 23 percent.

Govt to seek special dispensation from RBI to defer provisioning of loans to IL&FS group firms; asset monetisation gains pace
Business

Govt to seek special dispensation from RBI to defer provisioning of loans to IL&FS group firms; asset monetisation gains pace

Following the crisis at IL&FS late last year that raised concerns over liquidity in the system, the corporate affairs ministry had superseded its board.

IL&FS, 40 of its subsidiaries move National Company Law Tribunal seeking to restructure debt
Business

IL&FS, 40 of its subsidiaries move National Company Law Tribunal seeking to restructure debt

In a letter to its employees, IL&FS had claimed that if funds worth Rs 16,000 crore stuck with concession authorities were released on time, it would not have landed in this mess.