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Latest News on Ilfs Financial Services
Showing of 0 - 10 from 18 results
Ilfs Financial Services - Total results - 18
Jul 19, 2019
IL&FS probe: NCLT allows govt to prosecute auditors Deloitte, BSR; C Sivasankaran and 2 independent directorsThe NCLT said the corporate affairs ministry can go ahead with the prosecution based on the findings of the probe
Jun 21, 2019
BSR & Associates LLP resigns as statutory auditor of IL&FS Investment ManagersThe announcement has come a day after BSR & Associates, a KPMG group associate, resigned as statutory auditor of IL&FS Financial Services (IFIN).
Jun 13, 2019
IL&FS scam: Govt alleges 22 auditing standards violations by Deloitte, KPMG arm; companies deny wrongdoingIndia detected at least 22 violations of auditing standards by Deloitte Haskins & Sells and a KPMG affiliate while investigating a fraud at a financial company, leading it to seek a five-year ban on the auditors, according to government legal filings seen by Reuters
Jun 07, 2019
IL&FS case: Former top brass got foreign trips, private jets, chopper ride in return for faster loans, reveals SFIO probeForeign trips, private jet travels, chopper riders and interior decoration at houses aboard -- the probe into the IL&FS saga has unearthed many such inducements that the top brass allegedly got from borrowers in return for faster loans and delayed recoveries
Jun 04, 2019
IL&FS case: SFIO recommends action against guilty auditors, detailed internal investigation by Reserve BankSFIO has also recommended a necessary action as per the Companies Act by the current management of IL&FS Financial Services (IFIN)
Jun 03, 2019
IL&FS crisis: SFIO identifies top management, auditors and independent directors of IFIN involved in fraud caseThe SFIO is also collecting details about all borrowings by IFIN from banks and through market instruments, as also about the role of banks and their officials and of credit rating agencies.
Apr 02, 2019
IL&FS vice chairman Hari Sankaran arrested by SFIO for abusing powers, fraudulent conductHari Shankaran has been arrested on the grounds of abusing his powers in IL&FS Financial Services Ltd through fraudulent conduct
Jan 08, 2019
NCLT asks Reid & Taylor employees' union to present financial details of Hong Kong-based investorReid & Taylor India, owned by the Kasliwal family-run S Kumar Group, which is also facing bankruptcy proceedings, owes over Rs 4,100 crore to banks and other lenders.
Jan 02, 2019
In a first, NCLT allows corporate affairs ministry to reopen IL&FS books to ascertain financial mismanagementThe government wants to check the balance-sheets of the crippled group and its two listed subsidiaries--ITNL and IL&FS Financial Services for the past five years
Nov 02, 2018
IL&FS Financial Services' exposure to group cos breaches RBI norms in FY16-18: Newly appointed Uday Kotak-led boardIL&FS Financial Services is a 100 percent subsidiary of the debt-ridden IL&FS Group, which according to the board has over Rs 94,000 crore debt of which Rs 53,000 crore from banks.