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IL&FS recovery likely to be Rs 61,000 crore, 62% of total debt

The resolution process of IL&FS started three and half years ago after a new management was appointed by the government

C S Rajan (left), Uday Kotak and Nand Kishore during a press conference in Mumbai on Tuesday	PHOTO: KAMLESH PEDNEKAR
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C S Rajan (left), Uday Kotak and Nand Kishore during a press conference in Mumbai on Tuesday PHOTO: KAMLESH PEDNEKAR

Manojit Saha Mumbai
The resolution from the IL&FS group is expected at Rs 61,000 crore of the total debt of Rs 99,355 crore, which is almost 62 per cent, said Uday Kotak, who was appointed the non-executive chairman of the company in October 2018 by the government after superseding the board at that time.
The resolution process of IL&FS started three and half years ago after a new management was appointed by the government. Kotak’s term as non-executive chairman in IL&FS will end on April 2, after which managing director CS Rajan will take charge as chaiman and managing director. The ministry of corporate

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First Published: Mar 30 2022 | 1:08 AM IST

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