IL&FS fears Rs 61K crore may not be recovered

IL&FS fears Rs 61K crore may not be recovered

Of the Rs 94,000 crore of the overall debt of Infrastructure Leasing and Financial Services (IL&FS), almost Rs 61,000 crore, which has been put under the red category, is difficult to recover and might turn into non-performing assets.

IL&FS initiates claims-management process for 70 group entities

IL&FS initiates claims-management process for 70 group entities

IL&FS has initiated a claims management process for its 70 Group entities in an effort to clarify financial liabilities and facilitate the settlement process. In a letter, a copy of which is with BusinessLine, the troubled infrastructure financing company has listed out that it has classified 5 Indian group entities in the “green” category, which means it is ready to be sold off.

IL&FS Resolution: New board continues to face challenges

IL&FS Resolution: New board continues to face challenges

Six month after taking charge of the troubled IL&FS, its new board, led by Uday Kotak, Kotak Mahindra Bank MD, on Wednesday said despite launching a number of resolution processes, it continues to face tough challenges since there are layers of business verticals across geographies with multiple stakeholders.

NCLAT seeks details of IL&FS dues

NCLAT seeks details of IL&FS dues

The National Company Law Appellate Tribunal (NCLAT) Friday asked the newly-appointed board of debt-ridden IL&FS to submit details of the group’s dues. A two-member bench headed by Chairman Justice S J Mukhopadhaya

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