{"id":292796,"date":"2019-09-20T04:44:27","date_gmt":"2019-09-20T04:44:27","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=292796"},"modified":"2019-09-20T05:13:38","modified_gmt":"2019-09-20T05:13:38","slug":"three-ilfs-entities-turn-green-after-signing-terms-sheet-with-lenders","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/three-ilfs-entities-turn-green-after-signing-terms-sheet-with-lenders\/","title":{"rendered":"Three IL&amp;FS entities turn green after signing terms sheet with lenders"},"content":{"rendered":"<p>Three IL&amp;FS group companies have moved to green list after signing term sheet with the lenders to their debts worth Rs 5,071 crore, the NCLAT was informed on Thursday. <\/p>\n<p>The three companies &#8212; Moradabad Bareilly Expressway (MBEL), Jharkhand Road Projects Implementation Company (JRIPIC) and West Gujarat Expressway (WGEL) &#8212; have moved to green list from the amber list of IL&amp;FS group companies. <\/p>\n<p>This will help the IL&amp;FS board in its stated objective of asset monetisation. <\/p>\n<p>A two-member NCLAT bench headed by Chairperson Justice S J Mukhopadhaya has directed to list the case on November 18 for next hearing. <\/p>\n<p>The binding term sheet has a revised proposal for debt-restructuring, with certain concessions and modification of terms of financial debt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Three IL&amp;FS group companies have moved to green list after signing term sheet with the lenders to their debts worth Rs 5,071 crore, the NCLAT was informed on Thursday. The three companies &#8212; Moradabad Bareilly Expressway (MBEL), Jharkhand Road Projects Implementation Company (JRIPIC) and West Gujarat Expressway (WGEL) &#8212; have moved to green list from the amber list of IL&amp;FS group companies. This will help the IL&amp;FS board in its stated objective of asset monetisation. A two-member NCLAT bench headed by Chairperson Justice S J Mukhopadhaya has directed to list the case on November 18 for next hearing. The binding [&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":[135,130,168],"tags":[],"class_list":["post-292796","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-roads-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/292796","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=292796"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/292796\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=292796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=292796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=292796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}