IL&FS resolution at end of the tunnel for Chenani-Nashri

Creditors led by State Bank of India (SBI) are set to receive more than Rs 5,500 crore this month as one of the largest IL&FS assets completes its debt resolution, people familiar with the details said.

Creditors to the Chenani Nashri Tunnelway (CNTL), owned by IL&FS Transportation Networks, will receive cash from Cube Highways and Infrastructure after more than five years, said the people cited above,