 "il&fs, ifin")
Infrastructure construction and finance company IL&FS is scouting for ways to shave off its debt while it grapples with the arbitration claims worth around Rs70 billion with the National Highways Authority of India (NHAI), which are under various stages of resolution.
“We want to reduce the number of court cases and, therefore, want the arbitration process to be a success,” an NHAI official said.
However, an arbitration award is subject to a bank guarantee to be submitted by the company. The claims by the concessionaires under the arbitration process may vary from the final outcome of the process.
“We want to reduce the number of court cases and, therefore, want the arbitration process to be a success,” an NHAI official said.
However, an arbitration award is subject to a bank guarantee to be submitted by the company. The claims by the concessionaires under the arbitration process may vary from the final outcome of the process.
