{"id":308111,"date":"2020-01-01T11:46:25","date_gmt":"2020-01-01T06:16:25","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=308111"},"modified":"2020-01-01T12:08:13","modified_gmt":"2020-01-01T06:38:13","slug":"ilfs-to-address-outstanding-debt-by-july-kotak","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ilfs-to-address-outstanding-debt-by-july-kotak\/","title":{"rendered":"IL&amp;FS to address outstanding debt by July: Kotak"},"content":{"rendered":"<p>IL&amp;FS Group is working towards addressing a &#8216;significant portion&#8217; of the outstanding debt of Rs 94,000 crore by July 2020, its chairman Uday Kotak said on Tuesday. <\/p>\n<p>The veteran banker said the company has emerged as a &#8216;test case&#8217; on a group-wide resolution of stressed assets. <\/p>\n<p>&#8220;The new board is committed to completing the resolution process at the earliest and is working towards addressing a significant portion of the addressable debt by July 2020,&#8221; Kotak informed the shareholders at the 32nd annual general meeting. <\/p>\n<p>This is the first AGM conveyed by the new board.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IL&amp;FS Group is working towards addressing a &#8216;significant portion&#8217; of the outstanding debt of Rs 94,000 crore by July 2020, its chairman Uday Kotak said on Tuesday. The veteran banker said the company has emerged as a &#8216;test case&#8217; on a group-wide resolution of stressed assets. &#8220;The new board is committed to completing the resolution process at the earliest and is working towards addressing a significant portion of the addressable debt by July 2020,&#8221; Kotak informed the shareholders at the 32nd annual general meeting. This is the first AGM conveyed by the new board.<\/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":[146,130,178],"tags":[],"class_list":["post-308111","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-roads-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/308111","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=308111"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/308111\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=308111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=308111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=308111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}