We'll recover at least 50% of group's debt by March 2020, says IL&FS

The group is in the process of addressing Rs 36,400 crore of debt till date, of which recovery or resolution of at least Rs 30,000 crore is expected, it says

The government-appointed management committee of the IL&FS Group says it expects at least half of the group’s debt to be resolved, recovered or restructured. And, to do a significant portion of that by March 2020.

“(That is) our good faith view at this point of time,” said Uday Kotak, the recently appointed non-executive chairman. “When we are saying 50-plus per cent is our estimate, we are saying that we are confident of actual resolution or recovery of at least 50 per cent of Rs 94,000 crore.”

The group is in the process of addressing Rs 36,400 crore of debt till