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IL&FS approves Siva Shelters's proposal to restructure loan to subsidiary

Siva Shelters offers to pay 20% of settlement amount immediately on signing of agreement

Topics
IL&FS | loan refinancing | Indian companies

Dev Chatterjee  |  Mumbai 



retail loans, lending, banks, cash, banking
Representative image

has approved a one time-debt restructuring proposal by Siva Shelters and Construction (SSCL), which offered to pay Rs 70 crore of its dues worth Rs 76.8 crore. SSCL’s offer is subject to the National Company Law Tribunal’s approval.

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First Published: Mon, July 04 2022. 18:29 IST

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