The crisis-hit Infrastructure Leasing and Finance Limited (IL&FS) group says so far it has addressed a debt of about Rs43,000 crore and increased its aggregate debt recovery estimate by Rs5,000 crore to Rs61,000 crore due to improved valuations, better operating performance and enhanced...
IL&FS has received Rs 693 crore worth of settlement claims for two road projects from the National Highways Authority of India (NHAI).
With the latest development, NHAI and MoRTH have settled aggregate IL&FS claims of over Rs 1,804 crore across 6 road projects.
In a...
In a major step towards resolving its overall debt, IL&FS on Thursday announced completion of its 49 per cent stake sale in Chinese road asset, Chongqing Yuhe Expressway Co Ltd (CYEC), which would help the company to address debt of about Rs 2,600 crore.
It sold the stake to China...
Ruling in favour of Infrastructure Leasing and Finance Limited (ILFS) units, the Supreme Court on Friday directed Haryana Shehari Vikas Pradhikaran (HSVP) to deposit within three months 80% or Rs1,925 crore of total debt due of over Rs2,400 crore, into an escrow account.
The bench...
The crisis-hit Infrastructure Leasing & Financial Services (IL&FS) had among its senior ranks several erstwhile high-profile babus who had either retired from, or quit government service to join the organisation. This presumably influenced further developments wherein the government not...
