Almost everything about the 5th progress report submitted by the new board of Infrastructure Leasing & Financial Services (IL&FS) raises more questions than it answers. For starters, there is not much progress that the report documents. The crucial information that has made news is all in the...
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As the liquidity crunch in the non-banking finance company (NBFC) sector, which came to light with the IL&FS crisis, continues to drag the economy down, fresh revelations of blatant misgovernance by the erstwhile IL&FS mangement have been revealed by the RBI's investigation in the...
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The fifth status report, filed by the government-appointed board of Infrastructure Leasing& Financial Services (IL&FS) today, includes a rather disappointing report from Grant Thornton (GT) which completely misses the core issues with regard to what happened between Allied Financial...
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The government appointed board of Infrastructure Leasing & Financial Services (IL&FS) released its fourth and fifth progress reports outlining action taken with regard to sale of assets, recovery of money, liquidation of assets and other issue.    It says that the assets for which...
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Crisis-ridden IL&FS has filed a proposal to the National Company law Tribunal (NCLT) to complete the sale of its arm IL&FS Wind Energy Ltd (IWEL) to ORIX Corporation of Japan.   IL&FS had already received approval earlier last month for the sale of its wind energy business from...
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