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ILFS auditors under scanner. Accused of wrong doings by MCA

ILFS auditors under scanner. Accused of wrong doings by MCA

IL&FS seems to have a never-ending saga. After witnessing the liquidity crunch and the NBFC crisis, now the preceding two auditors are being debarred. Ministry of Corporate Affairs (MCA) filed...
Jet Airways asked to open the closet. Lenders ask auditors to make Audit report public

Jet Airways asked to open the closet. Lenders ask auditors to make Audit report public

Ernst & Young (E&Y) was asked by the lenders’ consortium to carry out a forensic audit of Jet Airways books in April 2019. The audit report was not made public...
MCA estimates Rs.2.8 lakh crore recovery from IBC resolution

MCA estimates Rs.2.8 lakh crore recovery from IBC resolution

The Ministry of Corporate Affairs (MCA) has estimated a total recovery of Rs. 2.8 lakh crores through the Insolvency and Bankruptcy Code (IBC). This amount will be from resolutions with...