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IL&FS Case: NFRA bans former Deloitte head from auditing for 7 yrs, slaps Rs 25 lakh penalty

IL&FS Case: NFRA bans former Deloitte head from auditing for 7 yrs, slaps Rs 25 lakh penalty

Jul 23, 2020, at 03:37 am

New Delhi/IBNS: The National Financial Regulatory Authority (NFRA) has banned former Deloitte Haskins and Sells LLP head Udayan Sen from auditing for seven years and slapped a fine of Rs 25 lakhs for auditing lapses at Infrastructure Leasing & Financial Services Ltd (IL&FS), media reported.

Government takes action to preserve value and assets of IL & FS

Government takes action to preserve value and assets of IL & FS

Oct 01, 2018, at 06:55 pm

New Delhi, Oct 1 (IBNS): The has taken action to ensure much needed liquidity arranged for the IL& FS from the financial system so that no more defaults take place and the infrastructure projects  implemented smoothly.