NCLAT expresses displeasure over delay in IL&FS resolution

NCLAT directed Corporate Affairs Ministry and IL&FS group to file a fresh progress report by September 3.

Bank lending to non-bank firms set to gather pace: RBI governor

RBI was closely monitoring top 50 NBFCs, and had a good understanding of cash flows of these firms, said Shaktikanta Das.

Grant Thornton was asked to review ratings provided by various credit rating agencies (CRAs) to IL&FS group companies.

The agency appointed T N Arun Kumar, currently executive director of ratings, as interim CEO.

In a statement on Wednesday, a Fitch Group spokesperson said it is probing the matter.

Sivasankaran had personal relationship with Ravi Parthasarathy and Hari Sankaran, according to the chargesheet.

IL&FS has set up a well-equipped fully-computerised operation room for surveillance of vehicles inside the twin tunnels.