Tag: IL&FS

Source: news18.com The Gurgaon Metro is the country’s first fully privately-developed project which was built by the Infrastructure Leasing & Financial Services (IL&FS). Gurgaon: The Gurgaon Metro will be operated and maintained by IL&FS till September 17 midnight as a licensee while its operational cost will be borne by the Haryana Urban Development Authority, the

Source:-business-standard.com The Supreme Court on Tuesday allowed the Serious Fraud Investigation Office (SFIO) to reopen and recast the accounts of Infrastructure Leasing & Financial Services (IL&FS) and two of its key subsidiaries of five years starting 2012-13 (FY13). The order came on a plea moved by the Ministry of Corporate Affairs (MCA), which sought to examine the

Source- asia.nikkei.com India’s longest road tunnel — running for 9 km under the foothills of the Himalayas and connecting the two biggest cities in the mountainous state of Kashmir — should be a source of national pride. Instead, the debt-laden project has helped bring its backer to the brink of financial collapse and become a symbol