Crisis-hit IL&FS Group has put 13 of its properties in prime locations across Mumbai, Hyderabad and Kolkata up for sale and has invited expressions of interest (EoI) for the same.   Out of the total 13 properties, 11 are in Mumbai. The properties put on the block include seven...
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The Punjab and Haryana High Court has issued a direction to the Comptroller and Auditor General of India (CAG) to appoint a team of auditors to ascertain the debt in the two ILFS entities developing the Metro rail links from Delhi to Gurugram.   According to an order passed by Justice...
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The National Company Law Appellate Tribunal (NCLAT) on Thursday issued a notice to the Gujarat Urja Vikas Nigam after the cash-strapped IL&FS approached the appellate tribunal seeking the release of around Rs 145 crore held by the power distribution company.   IL&FS had earlier...
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Calling the ratings given to debt-ridden Infrastructure Leasing & Financial Services (IL&FS) group as 'a highly regrettable failure', Naresh Takkar, who was sacked as group chief executive (CEO) and managing director (MD) of ratings agency ICRA Ltd, has said that he cannot be singled out and...
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With the deadline for the continuation of the Gurugram Rapid Metro ending on September 17, speculation remains rife whether HUDA will run the enterprise, as the current concessionaire Rapid Metro Rail Gurgaon Ltd (RMGL) has expressed its inability to run it any further.   The Rapid...
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