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IL&FS Says Addressed Aggregate Debt of About Rs32,000 crore
Moneylife Digital Team
 1
Crisis-hit Infrastructure Leasing & Financial Services (IL&FS) says the group has addressed a debt worth about Rs32,000 crore as of date. 
 
In a statement, IL&FS says, The aggregate debt of Rs32,000 crore addressed comprises around Rs21,600 crore of debt addressed basis cash balances and about Rs10,300 crore of additional net recovery expected from resolution and restructuring applications filed with the Mumbai bench of National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT), the approvals for which are awaited.
 
The management and the new board of the group maintains its estimates of addressing aggregate debt of over Rs56,000 crore by FY22, out of an overall debt of over Rs99,000 crore as of October 2018. ....

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