IL&FS resolves Rs 57,000 crore debt
Infrastructure Leasing & Financial Services (IL&FS) has resolved its debt of nearly Rs 57,000 crore by September 30, 2022 through monetisation of various assets.
Of the 347 entities under IL&FS group as of October 2018, 246 entities were resolved leaving101 entities – 88 domestic and 13 offshore – to be resolved, IL&FS said. IL&FS has addressed Rs 56,943 crore debt in its ongoing resolution efforts till September 30, 2022, up from Rs 55,000 crore debt updated in March this year, it said.
IL&FS, which defaulted its loan repayment in September 2018, had to pay back its lenders over Rs 99,000 crore at that time.
