{"id":275636,"date":"2019-05-22T06:08:19","date_gmt":"2019-05-22T06:08:19","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=275636"},"modified":"2019-05-22T06:08:19","modified_gmt":"2019-05-22T06:08:19","slug":"ilfs-weighs-plan-to-recast-part-of-its-stressed-loans-from-banks-mfs","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ilfs-weighs-plan-to-recast-part-of-its-stressed-loans-from-banks-mfs\/","title":{"rendered":"IL&amp;FS weighs plan to recast part of its stressed loans from banks, MFs"},"content":{"rendered":"<p>MUMBAI: Infrastructure Leasing and Financial Services Ltd (IL&amp;FS) Tuesday said its board is considering a plan to recast some of its stressed loans from banks and mutual funds.<\/p>\n<p>In an affidavit submitted to National Company Law Appellate Tribunal (NCLAT), IL&amp;FS said its board is already considering a restructuring proposal from lenders for one of its special purpose vehicles (SPVs) in Uttar Pradesh. IL&amp;FS also said it is willing to consider similar proposals for other troubled group firms to exit insolvency. The restructuring could involve seeking a reduction in interest rates and a modification of the terms of loans.<\/p>\n<p>Lenders to Moradabad Bareilly Expressway Ltd (MBEL), an SPV building a state highway in Uttar Pradesh, have suggested releasing cash flows from the SPV\u2019s bank accounts to the company\u2019s financial and operational creditors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Infrastructure Leasing and Financial Services Ltd (IL&amp;FS) Tuesday said its board is considering a plan to recast some of its stressed loans from banks and mutual funds. In an affidavit submitted to National Company Law Appellate Tribunal (NCLAT), IL&amp;FS said its board is already considering a restructuring proposal from lenders for one of its special purpose vehicles (SPVs) in Uttar Pradesh. IL&amp;FS also said it is willing to consider similar proposals for other troubled group firms to exit insolvency. The restructuring could involve seeking a reduction in interest rates and a modification of the terms of loans. Lenders to [&hellip;]<\/p>\n","protected":false},"author":40,"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-275636","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\/275636","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=275636"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/275636\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=275636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=275636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=275636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}