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.
Even the Employees Provident Fund Organisation (EPFO), sources said, could pull back from NBFC investments to avoid default risks.
According to the BSE, standalone net profit (or profit for the period) during the quarter declined to Rs 43.85 crore from Rs 61.11 crore for the corresponding period of previous fiscal.
The bench has observed that lenders must not withdraw support until a resolution is found of the IL&FS and its group companies.
With the IL&FS default, all these investments are now nearly junk, jeopardising the interest and future of millions of armed forces.
Order issued by two-member bench hearing an application moved by some lenders
