Tag: Il Amp Fs

Land record digitisation scam in Odisha: Govt hand in glove with firm

Bhubaneswar: At a time when people are being motivated to go for online registration of their land records following the ‘Digital India’ campaign, it is surprising to see government show undue favours to a private company leading to losses of revenue worth crores of rupees and irregularities. The state government selected Infrastructure Leasing & Financial […]

  • Thursday, 22 July 2021
Land record scam: Is your land safe in Odisha?

Bhubaneswar: Though the Centre has termed digitisation of land records as a ‘game changer’ with far-reaching benefits for the people, the involvement of a company for the e-registration work in Odisha by the Naveen Patnaik-led BJD government that is allegedly involved in scams across India has raised concerns among general public. Odisha government had signed […]

  • Thursday, 22 July 2021
Indian Bank says most of its Rs 1,800-crore loan to IL&FS is 'good'

Chennai: Indian Bank, which has lent over Rs 1,800 crore to Infrastructure Leasing and Financial Services Ltd (IL&FS), on Friday said that most of its loans to the crisis-hit company were ‘good’. “The bank’s exposure to IL&FS is Rs 1,809 crore. Out of the 10 loan accounts, six are for special purpose vehicles (SPV of […]

  • Thursday, 08 July 2021
Two Indian firms in fray for big Nepal road project

Kathmandu: Indian investments in Nepal are set to get another boost with two Indian firms -- an Infrastructure Leasing and Financial Services (IL&FS)-led consortium and Oriental Structural Engineers -- getting in the fray to construct a major road project seen as one of the Himalayan country's national pride.

  • Monday, 21 June 2021
GAIL terminates contract with IL&FS for laying pipeline

New Delhi: Natural gas processing and distribution major GAIL has terminated a contract given to IL&FS for laying pipeline in Bokaro-Durgapur section due to poor project progress. The company in a regulatory filing to the BSE on Wednesday said that the Bokaro-Durgapur section (124 km) is now re-tendered and awarded to three different contractors to […]

  • Tuesday, 04 May 2021
IL&FS probe: ED registers case, carries out raids at 6 places

New Delhi: The Enforcement Directorate (ED) on Wednesday carried out searches at six places in multiple cities in connection with a case of money laundering it registered against the former Chairman and directors of the IL&FS, officials said. A senior ED official said the agency was carrying out searches in Maharashtra’s Mumbai, Delhi and Haryana’s […]

  • Tuesday, 04 May 2021
Fraud-hit IL&FS' ex-Chairman Sankaran arrested

Mumbai: In its first arrest in its probe into fraud-hit Infrastructure Leasing and Financial Services (IL&FS), the Serious Fraud Investigation Office (SFIO) on Monday arrested the lender’s ex-Chairman Hari Sankaran, a official statement said on Monday. Sankaran was produced before a special court here which sent him to SFIO’s custody till Thursday. “Hari Sankaran has […]

  • Sunday, 02 May 2021
IL&FS CEO Ramesh Bawa arrested on charges of fraud

New Delhi: Days after dismissal of his petition by the Supreme Court, the Serious Fraud Investigation Office (SFIO) on Friday arrested IL&FS CEO Ramesh Bawa in a case related to massive loan defaults. The former top executive has been held under Section 447 of the Companies Act that enables SFIO to arrest a person for […]

  • Sunday, 02 May 2021
NSE penalises Jet, IL&FS, Adanis for breach of listing norms

Mumbai: The National Stock Exchange (NSE) on Wednesday imposed fines and issued notices to 250 companies for not adhering to the Listing Obligations and Disclosure Requirements (LODR). Among the companies penalised, were the grounded Jet Airways, subsidiary companies of the crisi-riddenn IL&FS and Adani Ports and Special Economic Zone (APSEZ, InterGlobe Aviation Ltd, the parent company […]

  • Saturday, 01 May 2021