IL&FS starts repaying Rs 5,071 crore to creditors of 3 group firms
NEW DELHI: New Delhi: Debt-laden Infrastructure Leasing and Financial Services (IL&FS) has started repaying the creditors of three group entities, with outstanding claims of Rs 5,071 crore, according to an affidavit filed before an appellate tribunal on Thursday.
IL&FS reached an agreement to restructure the debt of Moradabad Bareilly Expressway Ltd, Jharkhand Road Project Implementation Company Ltd and West Gujarat Expressway Ltd without any haircut for the lenders.
