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IL&FS Crisis: Supreme Court Allows Reopening Of Books Of Accounts
The move by the top court comes as a setback for Hari Sankaran, who had challenged an order by the NCLAT to reopen the past books of IL&FS
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Former IL&FS Managing Director Ramesh Bawa Arrested
Mr Bawa had resigned from his position in September 2018 after a series of defaults by IL&FS which sent tremors in financial markets.
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IL&FS Stares At 90% Gross Bad Loans For Main Lending Arm: Uday Kotak
Earlier this week, SFIO had arrested Hari Sankaran, former chairman of IL&FS, in connection with an ongoing investigation into the lender.
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Hari Sankaran, Ex-Boss Of Lending Firm IL&FS, Arrested For Fraud: Sources
Hari Sankaran, former chairman and managing director of crisis-hit lender IL&FS, has been arrested for alleged abuse of power in the company, sources said. "The Serious Fraud Investigation Office today arrested Hari Sankaran in connection with the ongoing investigations in to the affairs of IL&FS and its group entities," said an officer who asked n...
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Debt-Ridden IL&FS Banks On Rights Issue To Clear Dues: 10 Points
Revealing a three-part strategy, debt-hit Infrastructure Leasing & Finance Services (IL&FS) said on Saturday that it needs to have a successful rights issue to recapitalise itself. In August, IL&FS's board approved a Rs 4,500-crore rights issue and a Rs 3,000-crore debt-reduction plan through asset sales. IL&FS is planning to arrange "liquid alloca...
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IL&FS Crisis: Supreme Court Allows Reopening Of Books Of Accounts
The move by the top court comes as a setback for Hari Sankaran, who had challenged an order by the NCLAT to reopen the past books of IL&FS
-
Former IL&FS Managing Director Ramesh Bawa Arrested
Mr Bawa had resigned from his position in September 2018 after a series of defaults by IL&FS which sent tremors in financial markets.
-
IL&FS Stares At 90% Gross Bad Loans For Main Lending Arm: Uday Kotak
Earlier this week, SFIO had arrested Hari Sankaran, former chairman of IL&FS, in connection with an ongoing investigation into the lender.
-
Hari Sankaran, Ex-Boss Of Lending Firm IL&FS, Arrested For Fraud: Sources
Hari Sankaran, former chairman and managing director of crisis-hit lender IL&FS, has been arrested for alleged abuse of power in the company, sources said. "The Serious Fraud Investigation Office today arrested Hari Sankaran in connection with the ongoing investigations in to the affairs of IL&FS and its group entities," said an officer who asked n...
-
Debt-Ridden IL&FS Banks On Rights Issue To Clear Dues: 10 Points
Revealing a three-part strategy, debt-hit Infrastructure Leasing & Finance Services (IL&FS) said on Saturday that it needs to have a successful rights issue to recapitalise itself. In August, IL&FS's board approved a Rs 4,500-crore rights issue and a Rs 3,000-crore debt-reduction plan through asset sales. IL&FS is planning to arrange "liquid alloca...
