Il Fs News Today

As per the resolution plan, the newly set up IL&FS board had committed to repay Rs 61,000 crore in debt to its lenders. The companys total debt load weighed at Rs 99,000 crore at the end October 2018 when it collapsed because of a deepening a debt crisis

An anonymous whistleblower, who claims to be part of the “senior management team at Deloitte, Haskins and Sells LLP (Deloitte)” and has been “privy to several internal irregularities in providing professional services to the IL&FS (Infrastructure Leasing & Financial Services) group” has written to us outlining how the audit firm benefited by helping the failed group fudge its accounts year after year

‘With this transfer, secured lenders of this asset will get full recovery of their dues under the Invit structure while the group lenders will be issued Invit units as settlements for their loans,’ IL&FS said

ED visited premises of BSR & Associates and Deloitte in relation to inquiry pertaining to IFIN

The Print | Siddharth Mehta, former director of IL&FS says Fintech is Growing Present-day clients views of finance have changed due to fintech…

It set aside the high court judgement which had quashed the proceedings against the audit firms under section 140(5) of the Act on the ground that the auditors had resigned.

Uday Kotak can be credited with the creation of an institution, no less. Should he withdraw from its running in line with an RBI rule, it would be a tribute to his own accomplishment

SEBI cracked down harshly on the interference unleashed by former MD and CEO Mokashi vis-a-vis DHFL credit rating. Mokashi has been accused of interfering in the rating process. Eight whistle-blowers complaints were received by SEBI alleging CARE Ratings was granting AAA ratings to higher fee-paying clients.

IIDF applied under a provision of the Insolvency and Bankruptcy Code against McLeod Russel India Ltd with the National Company Law Tribunal, Kolkata Bench. This application has been admitted by the NCLT.

Siddharth Mehta, former director of IL&FS shares about the Fintech Growth Siddharth Mehta of IL&FS shares the benefits of Fintech in India. He says…