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IOB Sends Notice to IL&FS Engineering
Mint New Delhi
|March 25, 2025
L&FS Engineering Services on Monday said it has received a show cause notice from Indian Overseas Bank (IOB) for reviewing the classification of the company's loan account as a suspicious fraud account.
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Facilities involved for ₹123 crore, though irregularities have not been quantified by the lender, IL&FS Engineering said in a regulatory filing.
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