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IL&FSs former director, Siddharth Mehta shares the benefits of digitalization in businesses Digitalization envelops substantially more than just…

Digitalization make management a lot easier than you think says Siddharth Mehta of IL&FS Every year, digitization gains significance and becomes…

This comes after the company proposed to settle the case through a settlement order "without admitting or denying the findings of fact and conclusions of law".

IL&FS Transportation Networks Limited announced that the Board of Directors of the company has appointed Dr. Rajeev Uberoi as an Independent Director effective March 27, 2023, via an exchange filing. The disclosure is pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations).

He will be taking over as Chairman of the Government of India's Pension Fund Regulatory and Development Authority

Infrastructure Leasing and Financial Services Group will pay ₹32 bln to banks and debenture holders of IL&FS Financial Services Ltd as part of its interim distribution payout process, the company said in a press release. Of the total of ₹32 bln, about ₹22.5 bln will be paid to a combination of 28 state-owned, private and foreign banks, and 9.5 bln rupees to over 500 public debenture holders

The industry’s business model is set for an overhaul with the government expected to clarify which services an auditor can and cannot provide.

The Board had approved the transfer of these two assets under InvIT earlier this month.

It has also transferred receivables worth more than Rs 380 crore to the firm, through Axis Trustee Services.

The Group retained its overall resolution estimate at Rs 61,000 crore, representing 62 per cent of overall -- fund based and non-fund based -- debt of over Rs 99,000 crore as of October 2018.