NFRA sees gaps in IL&FS transportation audit

NFRA has highlighted at least nine major loopholes atleast in its report. ITNL’s financial exposure to its subsidiaries, associates and joint ventures amounting to Rs 3,346 crore was not valued.

published on : 24th September 2021

Government extends Uday Kotak's term as IL&FS chairman by 6 months

The government through a gazette notification extended the term of Kotak, who is also the managing director and chief executive officer of Kotak Mahindra Bank, till April 2, 2022.

published on : 22nd September 2021

Delhi Police arrests managing director of firm from Mumbai in Rs 100 crore cheating case

Accused Ramchand Karunakaran, who played a prominent role in siphoning off funds, was one of the directors of IL&FS Rail Ltd and the managing director of IL&FS Transportation Network Ltd.

published on : 25th July 2021

Resolution of IL&FS group companies’ debt to stretch beyond March FY22

Another Rs 14,643 crore is expected from applications filed with courts, taking its total recovery to Rs 43, 673 crore or 44% of the total group debt.

published on : 15th July 2021

IL&FS completes stake sale in China road asset; deal to address Rs 2,600 crore debt

The transaction will help the group address Rs 2,600 crore of its overall debt of close to Rs 99,000 crore (as of October 2018).

published on : 1st April 2021

Punjab & Sind Bank declares loans worth Rs 150 crore to IL&FS Transportation as fraud

It is informed that an NPA Account, viz IL&FS Transportation Network Limited (ITNL) with outstanding dues of Rs 149.98 crore has been declared as fraud

published on : 30th March 2021