IL&FS board to consider release of payments to creditors
NEW DELHI: The Infrastructure Leasing & Finanacial Services board will on June 28 take up a proposal to release stuck payments of creditors in 13 group entities, according to a senior government official. An apppellate tribunal had set July 12 as deadline for the IL&FS group to reach an agreement with creditors of these 13 companies to begin releasing payments.
These companies have a total outstanding debt of Rs 16,372 crore.
