{"id":282425,"date":"2019-07-16T05:44:11","date_gmt":"2019-07-16T05:44:11","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=282425"},"modified":"2019-07-16T05:44:11","modified_gmt":"2019-07-16T05:44:11","slug":"three-ilfs-entities-enter-into-pact-with-secured-lenders","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/three-ilfs-entities-enter-into-pact-with-secured-lenders\/","title":{"rendered":"Three IL&amp;FS entities enter into pact with secured lenders"},"content":{"rendered":"<p>As part of its ongoing resolution process, IL&amp;FS signed binding term-sheets with secured lenders of three entities \u2014 Moradabad Bareilly Expressway, Jharkhand Road Projects and West Gujarat Expressway. These three entities have a cumulative debt of around Rs 5,000 crore towards Bank of Baroda and L&amp;T Infrastructure Finance Company, among others.<\/p>\n<p>Last week, senior advocate Ramji Srinivas, appearing on behalf of IL&amp;FS, informed the National Company Law Appellate Tribunal that repayment to lenders will commence shortly. FE had earlier reported that the IL&amp;FS board was in talks with lenders to restructure the debt of five entities, including the ones mentioned above.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As part of its ongoing resolution process, IL&amp;FS signed binding term-sheets with secured lenders of three entities \u2014 Moradabad Bareilly Expressway, Jharkhand Road Projects and West Gujarat Expressway. These three entities have a cumulative debt of around Rs 5,000 crore towards Bank of Baroda and L&amp;T Infrastructure Finance Company, among others. Last week, senior advocate Ramji Srinivas, appearing on behalf of IL&amp;FS, informed the National Company Law Appellate Tribunal that repayment to lenders will commence shortly. FE had earlier reported that the IL&amp;FS board was in talks with lenders to restructure the debt of five entities, including the ones mentioned [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,197,138],"tags":[],"class_list":["post-282425","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/282425","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=282425"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/282425\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=282425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=282425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=282425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}