IL&FS Case: ED summons NCP leader Jayant Patil on May 12
As per an official, the Maharashtra NCP president has been asked to appear before the probe agency on Friday
As per an official, the Maharashtra NCP president has been asked to appear before the probe agency on Friday
High number of residual entities with low recovery potential would remain beyond March 2022, the group said.
The committee of creditors (CoC) of ITNL has already provided in-principle approval for formation and transfer of assets to the proposed InvIT.
The number of entities resolved as of September 2020 stands at 173, half the original number of 347 entities of the IL&FS Group.
In a statement, the MNS chief had declared that he would honour the summons by the ED as he had always done in the past.
Thackeray, who is set to appear before ED on Thursday asked his agitated party workers on Tuesday to not to gather outside the ED office.
In line with global experience, with some of the biggest auditing firms having oligopolistic control over the audit scene, India too finds itself a repeated victim of collusive auditors.
The IL&FS Group company might have been in financial stress, but Bhatia was ready to shell out huge sums of money to keep the not-so-conducive ratings and outlooks away from public gaze, the audit report of the IL&FS Group's rating agencies showed.
The clearing and settlement mechanism of the clearing corporation is robust and the obligations in all other contracts have been duly settled in the normal course on the appointed settlement date.
Those charged by SFIO include former IL&FS Vice Chairman Hari Sankaran and former IFIN MD Ramesh Bawa, both of whom are under arrest.
