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IL&FS gets NCLAT approval for making over Rs 16,000 cr interim payout to creditors

IL&FS gets NCLAT approval for making over Rs 16,000 cr interim payout to creditors

🕔14:07, 3.Jun 2022

The National Company Law Appellate Tribunal (NCLAT) has directed the new board of Infrastructure Leasing & Financial Services (IL&FS) to make interim payout to creditors after prior approval of the new board, the tribunal said in an order. New Delhi,

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IL&FS gets NCLT approval for ‘InvIT’ Phase-I

IL&FS gets NCLT approval for ‘InvIT’ Phase-I

🕔14:49, 30.Oct 2021

New Delhi, Oct 30 (IANS) Debt-ridden IL&FS on Saturday said that it has received approval for launching the first phase of the Infrastructure Investment Trust (InvIT) from National Company Law Tribunal (NCLT). Accordingly, with the approval, six road projects — Barwa

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IL&FS plans to sell stake in Shendra Green Energy

IL&FS plans to sell stake in Shendra Green Energy

🕔15:44, 31.Jul 2021

Mumbai, July 31  IL&FS has sought request for proposals to sell the stake of IL&FS Energy Development Company Ltd (IEDCL) in Shendra Green Energy Ltd (SGEL). SGEL is a 100 per cent subsidiary of IEDCL. In an advertisement, IL&FS has

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IL&FS invites EoI for subsidiary Ramagiri Renewable Energy

IL&FS invites EoI for subsidiary Ramagiri Renewable Energy

🕔07:52, 28.Jul 2021

New Delhi, July 28  IL&FS has invited Expressions of Interest (EoI) for its stake in its subsidiary Ramagiri Renewable Energy Ltd (RREL). IL&FS has offered 100 per cent of the issued, subscribed and paid-up share-capital of RREL held by IL&FS

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Gurgaon Metro Project: IL&FS gets Rs 1,925 cr from Haryana govt

Gurgaon Metro Project: IL&FS gets Rs 1,925 cr from Haryana govt

🕔19:20, 27.Jun 2021

New Delhi, June 27  IL&FS has received Rs 1,925 crore from Haryana Shehari Vikas Pradhikaran (HSVP) as interim termination payment in the Gurgaon Metro Project case. The payment, duly received in escrow accounts, comes in compliance of the Supreme Court

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IL&FS sells its environment business, reduces debt by Rs 1,200 cr

IL&FS sells its environment business, reduces debt by Rs 1,200 cr

🕔17:28, 7.Apr 2021

Mumbai, April 7  IL&FS has sold its stake in IL&FS Environmental Infrastructure & Services Limited (IEISL) and its subsidiaries to EverEnviro Resource Management Private Limited (EverEnviro), a 100 per cent owned subsidiary of the Green Growth Equity Fund (GGEF), a

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IL&FS receives Rs 693 cr settlement claim for 2 road projects

IL&FS receives Rs 693 cr settlement claim for 2 road projects

🕔06:24, 5.Apr 2021

Mumbai, April 5  IL&FS has received Rs 693 crore worth of settlement claims for two road projects from the National Highways Authority of India (NHAI). With the latest development, NHAI and MoRTH have settled aggregate IL&FS claims of over Rs

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Indian Bank says 8 loan accounts as fraud, including IL&FS

Indian Bank says 8 loan accounts as fraud, including IL&FS

🕔14:30, 1.Apr 2021

Chennai, April 1  Government owned Indian Bank has declared bad loans amounting Rs 202.32 crore to seven domestic borrowers and $5.289 million lent to a foreign company as fraud. The bank has said it has provided a sum of Rs

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IL&FS receives binding offer for IEDCL, invites more EoIs

IL&FS receives binding offer for IEDCL, invites more EoIs

🕔13:20, 26.Nov 2020

Mumbai, Nov 26  IL&FS has invited Expressions of Interest (EoI) for the sale of its energy advisory business undertaking of IL&FS Energy Development Company Ltd (IEDCL). The crisis-hit infrastructure lending major has already received a binding offer which will be

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IL&FS finalises InvIT structure for road assets

IL&FS finalises InvIT structure for road assets

🕔12:14, 2.Nov 2020

New Delhi, Nov 2  Crisis-hit IL&FS has finalised the InvIT structure for its road assets with a view to resolve debt of about Rs 15,000 crore. In the process the company has formed a sponsor company, appointed investment manager, infused

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IL&FS invites EoIs for its 42% stake in engineering arm

IL&FS invites EoIs for its 42% stake in engineering arm

🕔13:36, 1.Oct 2020

New Delhi, Oct 1  Infrastructure Leasing and Financial Services (IL&FS) has sought expressions of interest (EoI) for the 42.25 per cent stake it holds along with IL&FS Financial Services (IFIN) in subsidiary IL&FS Engineering and Construction Company (IECCL) under the

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IL&FS gets Justice Jain’s approval to sell wind energy arm

IL&FS gets Justice Jain’s approval to sell wind energy arm

🕔21:24, 22.Jul 2019

Mumbai, July 22  Crisis-ridden IL&FS on Monday said it has received approval from Justice (retd) D.K. Jain on the proposed sale of wind energy subsidiaries, held under IL&FS Wind Energy Ltd (IWEL), to ORIX Corporation of Japan. Justice Jain was

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Centre pays sovereign guarantees to ADB, KfW for IL&FS

Centre pays sovereign guarantees to ADB, KfW for IL&FS

🕔07:10, 4.Apr 2019

New Delhi, April 4  In a major development in the IL&FS crisis, the government has off late paid up on sovereign guarantees to the Asian Development Bank (ADB) and KfW, a state-run bank of Germany, people in the know of

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IL&FS appoints N Sivaraman as Chief Operating Officer

IL&FS appoints N Sivaraman as Chief Operating Officer

🕔09:55, 4.Dec 2018

Mumbai, Dec 4  Cash-strapped Infrastructure Leasing & Financial Services Ltd (IL&FS) on Monday appointed N. Sivaraman as its Chief Operating Officer. Sivaraman, who was previously the President and Whole Time Director of L&T Finance Holdings, would be a part of

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RBI to inject Rs 40,000 cr liquidity in November

RBI to inject Rs 40,000 cr liquidity in November

🕔08:00, 27.Oct 2018

Mumbai, Oct 27  The Reserve Bank of India on Friday said it would inject Rs 40,000 crore into the market by purchasing government securities in November 2018. The decision comes amid concerns of a liquidity crisis in the economy after

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RBI to help IL&FS restore its solvency

RBI to help IL&FS restore its solvency

🕔18:18, 5.Oct 2018

Mumbai, Oct 5  Reserve Bank of India (RBI) Governor Urjit Patel on Friday said that the central bank will engage with and support debt-stricken IL&FS in its efforts to salvage the infrastructure financing company. “The RBI will engage with the

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