IL&FS pays Rs 28.8k cr debt by FY23; debt resolution target at Rs 61K cr
Crisis-hit infrastructure finance firm IL&FS has paid a total debt of Rs 28,848 crore as of March 31, 2023, according to the latest affidavit filed before the insolvency appellate tribunal NCLAT earlier this week.
The group has resolved debts through monetisation and termination/settlement of payments by its group entities from the concessioning authorities and counter-party to the relevant contract.
“As on March 31, 2023, the debt resolved through such monetisation and termination measures aggregates to Rs 17,894 crores,” said the status update report filed before the National Company Law Appellate Tribunal (NCLAT) by the company.
