{"id":274093,"date":"2019-05-14T05:21:08","date_gmt":"2019-05-14T05:21:08","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=274093"},"modified":"2019-05-14T05:21:08","modified_gmt":"2019-05-14T05:21:08","slug":"ilfs-to-return-incomplete-road-projects-to-nhai-for-rebidding","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ilfs-to-return-incomplete-road-projects-to-nhai-for-rebidding\/","title":{"rendered":"IL&amp;FS to return incomplete road projects to NHAI for rebidding"},"content":{"rendered":"<p>Debt-laden Infrastructure Leasing &amp; Financial Services (IL&amp;FS) Ltd has agreed to return under-construction road projects to the National Highways Authority of India (NHAI) for fresh bidding, according to the minutes of IL&amp;FS\u2019s 22 April board meeting.<\/p>\n<p>In a meeting with NHAI officials, IL&amp;FS did not object to inviting fresh bids for the under-construction projects provided that they arrive on \u201can amicable settlement of dues&#8221;. A copy of these board minutes was reviewed by Mint.<\/p>\n<p>Settling and awarding dues to IL&amp;FS is imperative as the financial services and manufacturing group of companies is struggling under a massive debt of \u20b999,358 crore as of September 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Debt-laden Infrastructure Leasing &amp; Financial Services (IL&amp;FS) Ltd has agreed to return under-construction road projects to the National Highways Authority of India (NHAI) for fresh bidding, according to the minutes of IL&amp;FS\u2019s 22 April board meeting. In a meeting with NHAI officials, IL&amp;FS did not object to inviting fresh bids for the under-construction projects provided that they arrive on \u201can amicable settlement of dues&#8221;. A copy of these board minutes was reviewed by Mint. Settling and awarding dues to IL&amp;FS is imperative as the financial services and manufacturing group of companies is struggling under a massive debt of \u20b999,358 crore [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,189],"tags":[],"class_list":["post-274093","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-roads-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/274093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=274093"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/274093\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=274093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=274093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=274093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}