{"id":504323,"date":"2022-07-08T10:34:01","date_gmt":"2022-07-08T05:04:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=504323"},"modified":"2022-07-08T12:02:22","modified_gmt":"2022-07-08T06:32:22","slug":"nclat-asks-ilfs-to-distribute-rs-1925-crore-to-financial-creditors","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/nclat-asks-ilfs-to-distribute-rs-1925-crore-to-financial-creditors\/","title":{"rendered":"NCLAT asks IL&amp;FS to distribute Rs 1,925 crore to financial creditors"},"content":{"rendered":"<p>The National Company Law Appellate Tribunal (NCLAT) has directed IL&amp;FS to distribute Rs 1,925 crore to its financial creditors from the payments received in connection with the Gurgaon metro project. <\/p>\n<p>The appellate tribunal also made it clear that the distribution of the amount to the lenders will also be subject to the final resolution of the IL&amp;FS companies concerned.<\/p>\n<p>The amount is part of the termination compensation received from two IL&amp;FS subsidiaries and Special Purpose Vehicles (SPVs) &#8212; Rapid Metro Rail Gurgaon Limited (RMGL) and Rapid Metro Rail Gurgaon South Limited (RMGSL) &#8212; from Haryana Shehari Vikas Pradhikaran (HSVP).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Company Law Appellate Tribunal (NCLAT) has directed IL&amp;FS to distribute Rs 1,925 crore to its financial creditors from the payments received in connection with the Gurgaon metro project. The appellate tribunal also made it clear that the distribution of the amount to the lenders will also be subject to the final resolution of the IL&amp;FS companies concerned. The amount is part of the termination compensation received from two IL&amp;FS subsidiaries and Special Purpose Vehicles (SPVs) &#8212; Rapid Metro Rail Gurgaon Limited (RMGL) and Rapid Metro Rail Gurgaon South Limited (RMGSL) &#8212; from Haryana Shehari Vikas Pradhikaran (HSVP).<\/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":[146,130,261],"tags":[],"class_list":["post-504323","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-railways-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/504323","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=504323"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/504323\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=504323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=504323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=504323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}