{"id":283930,"date":"2019-07-23T06:05:09","date_gmt":"2019-07-23T06:05:09","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=283930"},"modified":"2019-07-23T06:05:09","modified_gmt":"2019-07-23T06:05:09","slug":"ilfs-transportation-networks-defaults-on-ncd-interest-dues-worth-rs-26-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ilfs-transportation-networks-defaults-on-ncd-interest-dues-worth-rs-26-crore\/","title":{"rendered":"IL&amp;FS Transportation Networks defaults on NCD interest dues worth Rs 26 crore"},"content":{"rendered":"<p>IL&amp;FS Transportation Networks (ITNL) on Monday said it has defaulted on repayments to holders of its non-convertible debentures (NCDs) worth Rs 450 crore. The default was on interest repayments to the tune of Rs 26.03 crore.<\/p>\n<p>The company is believed to have been classified as a \u2018red\u2019 entity by lenders as it is unable to service its dues to any of its creditors. Other entities from the troubled IL&amp;FS Group have been categorised as either \u2018green\u2019 entities \u2014 those which can service all financial obligations\u2014 or \u2018amber\u2019 entities, which can service their debts to secured creditors but not to others.<\/p>\n<p>Earlier, ITNL had defaulted on debt worth Rs 17.9 crore, due in six separate repayments on October 29 and 30, 2018. ITNL, along with IL&amp;FS Financial Services (IFIN) and IL&amp;FS, is currently having its past ratings reviewed by Grant Thornton.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IL&amp;FS Transportation Networks (ITNL) on Monday said it has defaulted on repayments to holders of its non-convertible debentures (NCDs) worth Rs 450 crore. The default was on interest repayments to the tune of Rs 26.03 crore. The company is believed to have been classified as a \u2018red\u2019 entity by lenders as it is unable to service its dues to any of its creditors. Other entities from the troubled IL&amp;FS Group have been categorised as either \u2018green\u2019 entities \u2014 those which can service all financial obligations\u2014 or \u2018amber\u2019 entities, which can service their debts to secured creditors but not to others. [&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":[130,197,138],"tags":[],"class_list":["post-283930","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\/283930","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=283930"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/283930\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=283930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=283930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=283930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}