IL&FS Group has discharged an aggregate debt of about Rs 35,650 crore, five years after the infrastructure financing and construction company was put under government control in 2018 when it defaulted on some of its debt obligations.
The company discharged the debt by way of monetisation of assets, auto debits by banks, and repayment including interim distribution across entities as of September 30.
Nand Kishore, managing director of IL&FS Group, said the company has completed a Rs 10,000 crore payout under an interim distribution framework proposed by the new board and approved by National Company Law Appellate Tribunal (NCLAT) last year.
