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Total 101 results found. Search for [ debt-ridden IL ]

Results 1 to 21 of 101
Prasanna Mohanty
March 20, 2020
Tax havens have powerful backers; they include big nations including the UK and the US, reputed international bankers, accountants, law firms and many others which makes it difficult to discipline them


PTI
March 4, 2020
In July, the NCLT had allowed the plea of the Ministry of Corporate Affairs (MCA) to implead the auditors and independent directors of a subsidiary of IL&FS


PTI
January 17, 2020
The tribunal has also asked some of the lenders to file revised framework proposed by the Ministry of Corporate Affairs within a week, stating their position in the resolution of IL&FS group


BusinessToday.In
New Delhi, December 27, 2019
In what appears to be a first, debt-ridden airline Air India has refused to issue tickets for official travel of officials from government agencies that owe the airline more than Rs 10 lakh; WiFi services being provided through BharatNet in villages across India will be free of charge till March 2020, Telecom and Information Technology Minister Ravi Shankar Prasad said; Cracking the whip for their \"lethargic indifference\", watchdog Sebi on Thursday slapped a penalty of Rs 25 lakh each on ICRA, CARE, and India Ratings & Research in connection with lapses in assigning credit ratings to non-convertible debentures of IL&FS and more news on News Blast.


BusinessToday.In
New Delhi, December 27, 2019
J-K Bank appointed lead bank convenor for UT of J-K; SBI gets LadakhThe Reserve Bank on Thursday appointed Jammu & Kashmir Bank as the lead banker for the newly carved out union territory of Jammu and Kashmir. State Bank of India (SBI) will be the lead convenor bank for union territory of Ladakh. The government had reorganised the erstwhile Jammu and Kashmir state under the Jammu and Kashmir Reorganisation Act, 2019, into union territories of Jammu and Kashmir and Ladakh with ...


PTI
December 4, 2019
In October 2018, the government seized control of the debt-trapped company and superseded its board led by Uday Kotak as the chairman


BusinessToday.In
October 31, 2019
A forensic audit of the company by KPMG found that DHFL had lent Rs 14,000 crore to about 25 group companies, which had posted an average profit of about Rs 1 lakh


BusinessToday.In
October 24, 2019
The audit report stated that DHFL disbursed loans and advances to inter-connected entities seemingly linked to its promoters, and repayments to the tune of Rs 12,541 crore by 28 such entities are untraceable. In addition, the report red-flags loan disbursal without proper documentation to several companies boasting minimal operations


BusinessToday.In
New Delhi, October 23, 2019
Draft report of the audit has been shared with members of DHFL's committee of creditors last week and will be presented to board of the mortgage lender once it is finalised


BusinessToday.In
New Delhi, October 7, 2019
IL&FS Engineering and Construction has defaulted on redemption of preference shares worth Rs 39.5 crore in favour of Vistra ITCL (India)


BusinessToday.In
New Delhi, October 7, 2019
DHFL, which has been severely impacted by the NBFC crisis which unfolded late last year following the IL&FS bankruptcy, has defaulted on multiple commitments


PTI
New Delhi, September 29, 2019
The Wadhawan family, who owns a little over 39% in the company, has been looking at ways of coming out of the stress, which first came to light late last year following the IL&FS bankruptcy


PTI
September 16, 2019
The Uday Kotak-led board of the IL&FS group, as part of the resolution process has initiated the sale of several group assets including education, waste management, technology, real estate and key international assets


PTI
New Delhi, August 15, 2019
In its fifth progress report on the group's resolution process and the way forward, submitted to the Mumbai-bench of the National Company Law Tribunal (NCLT), the company said that the measure has helped reduce its wage bill by nearly 47%.


BusinessToday.In
New Delhi, July 23, 2019
DHFL shares rallied nearly 18 per cent in intra-day trade to Rs 61.80 apiece on the BSE, after slipping nearly 4 per cent in early deals, amid hopes of receiving lenders' approval on the final resolution plan


BusinessToday.In
New Delhi, July 16, 2019
Deloitte Haskins and Chaturvedi & Shah have sought more information from the company on its financials under Section 143 of the Companies Act, 2013


BusinessToday.In
New Delhi, June 14, 2019
The new directions come at a time when the country is reeling under several debt defaults and rating downgrades


BusinessToday.In
June 7, 2019
The said loans include a personal loan to the tune of Rs 29 crore to ABG group promoter Rishi Agarwal's wife Anupama Agarwal, all granted on the instructions of the top management of IL&FS.


BusinessToday.In
June 4, 2019
With the Serious Fraud Investigation Office filing an 840-page chargesheet accusing IL&FS Financial Services Ltd (IFIN) of various malpractices, including loan evergreening, the banking regulator may take the extreme step of cancelling its NBFC licence


PTI
May 22, 2019



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