IL&FS board files affidavit with NCLAT; 3 amber entities may become green

The total debt of three entities that may be reclassified as green is around Rs 5,071 crore - Rs 3,242 crore from secured lenders and Rs 1,829 crore from the unsecured ones

In a bid to reclassify amber entities into green, the new board of Infrastructure Leasing & Financial Services (IL&FS) presented the creditors of these entities debt restructuring proposals. However, the creditors did not accept the proposals for five of these.
 
Meanwhile, three amber entities - Moradabad Bareilly Expressway (MBEL), Jharkhand Road Projects Implementation Company (JRIPIC) and West Gujarat Expressway (WGEL) - are on track to be reclassified as green, once their restructuring plans are executed. These entities have executed binding term sheets with their respective lenders that entailed debt restructuring. The total debt of these three entities is around