HSBC files winding up plea against IL&FS firm in Singapore court

​ In the first such case against a group entity of crisis-hit Infrastructure Leasing and Financial Services Ltd (IL&FS) Group, the Hongkong and Shanghai Banking Corporation (HSBC) is seeking to recover its funds parked in bonds worth RMB 1,000 million (over Rs 1,050 crore) maturing in 2021, which were issued by ITNL Offshore Pte Ltd.

from Banking/Finance-Industry-Economic Times https://ift.tt/2uRtTfk