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Police raids IL&FS’ offices as money misuse investigation kicks off

Delhi’s financial investigation agency has raided six offices, to look into allegations of “money siphoning”.

Abraaj dispute prompts lenders to close fund finance loophole

Banks are changing the way security notices are issued to LPs following the firm's collapse.

IL&FS: India’s ‘Lehman’ moment?

When one of the country’s biggest groups ran into financial trouble, the country braced itself for a market-wide crisis. Two months later, market observers describe the episode as a new step towards a more professional infrastructure sector. Eduard Fernández reports.

IL&FS puts Indian roads portfolio on the block

Two weeks after putting its renewables portfolio up for sale, the developer is looking to divest its roads business, as it works towards a restructuring plan.

India’s IL&FS to sell more than 970MW of operational renewable assets

The troubled company is also putting on the block under-construction wind assets with a total capacity of 104MW.

Defaulting on commitments: what happens

When an LP can't meet a drawdown request, what happens? What recourse does a GP have? Ed Hall from law firm Goodwin analyzes the remedy and negotiation points in this extract from The LPA Anatomised.

Abraaj’s Naqvi: We have been humbled, exhausted and tested

As the firm appoints liquidators, founder Arif Naqvi says he is hopeful the fund management business will live on under new owners.

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