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Il Fs Debt News Today : Breaking News, Live Updates & Top Stories | Vimarsana

IL&FS to resolve debt of ₹55,000 crore by March 2022: Board tells NCLAT

The IL&FS board, led by Uday Kotak, says ₹55,000 crore debt to be resolved through asset monetisation, restructuring and insolvency proceeding initiatives

IL&FS receives Rs 693 crore in settlement claims from NHAI

IL&FS receives Rs 693 crore in settlement claims from NHAI NHAI and the Ministry of Road Transport and Highways (MoRTH) have settled aggregate IL&FS claims of over Rs 1,804 crore across six road projects, including KNCEL and CTNL BusinessToday.In | April 4, 2021 | Updated 15:31 IST IL&FS has received Rs 693 crore in settlement claims form the National Highways Authority of India (NHAI) for two road projects. ITNL, subsidiary of IL&FS received a settlement of Rs 673 crore for the Kiratpur Ner Chowk Expressway Limited (KNCEL) and Rs 20 crore for the Chenani Nashri Tunnelway Limited (CTNL) from NHAI. These settlements are part of the NHAI s conciliation process to resolve stuck projects.

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