The Union of India, acting through the Ministry of Corporate Affairs, had initiated proceedings against IL&FS group, in 2018 in an effort to control the contagion on account of IL&FS defaults and restore confidence and financial stability in the Indian Capital Markets.
Pursuant to the said proceedings, the Hon’ble NCLT, Mumbai Bench has appointed new Directors, as recommended by the Union of India, on the Board of IL&FS. The said new Board has been empowered to replace and appoint new directors on the Board of subsidiary companies of IL&FS, which includes IL&FS Engineering and Construction Company Limited (IECCL).
At present, the resolution process of IL&FS group entities (including IECCL) is being carried out in accordance with the Resolution Framework approved by the Hon’ble NCLAT on March 12, 2020. All relevant information pertaining to the Resolution Framework and the March 12, 2020 order have been uploaded on the IL&FS Group website
https://www.ilfsindia.com/Progress-Report.aspx
IL&FS Engineering Services has been awarded IMS Certificates (ISO 9001:2015, ISO 14001:2015 & ISO 45001:2018) by TUV SUD, and is committed to the highest standards of quality, safety, health, and environment. The Company is committed to delivering projects of world-class standards using its key resources of skilled manpower and state-of-the-art engineering and equipment.