Infrastructure Leasing & Financial Services (IL&FS) had resolved debt worth Rs 56,943 crore as of September 2022, the infra lender that collapsed in 2018 has told the National Company Law Appellate Tribunal (NCLAT) in an affidavit.
The amount addressed is almost 93 per cent of the total estimated debt that the firm has said it will resolve. IL&FS has to resolve a debt of Rs 61,000 crore from an outstanding amount of Rs 99,355 crore as of October 2018.
In a previous affidavit, the firm had said it had resolved a debt of Rs 55,000 crore by March 2022.
As per the latest affidavit, the estimated debt resolved till date (September 30) was Rs 56,943 crore, and Rs 1,331 crore of debt is being serviced by “green” entities.
