IL&FS

IL&FS gets more time to wrap up 58 companies’ resolution process

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IL&FS gets more time to wrap up 58 companies’ resolution process

New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Tuesday granted more time to Infrastructure Leasing and Financial Services (IL&FS) for completing the resolution process of 58 entities. “With regard to 58 entities, the resolution process is at an advanced stage and considerable progress has been made. Just for the time being, we are … Read more

money laundering: Bombay High Court grants bail to IFIN chief executive Ramesh Bawa

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money laundering: Bombay High Court grants bail to IFIN chief executive Ramesh Bawa

Mumbai: The Bombay High Court (HC) on Tuesday granted bail to IFIN managing director and chief executive officer Ramesh Bawa on Tuesday. While the Serious Fraud Investigation Office (SFIO) is probing Il&FS for alleged irregularities under Companies Law, the Enforcement Directorate (ED) is investigating a case of money laundering. K Ramanand, the erstwhile MD of … Read more