Infrastructure Leasing And Financial Services

IL&FS group repays ₹48,463 cr to its lenders, reaches nearly 80% of target

Debt-ridden IL&FS group has repaid Rs 48,463 crore to its creditors as of September 2025, out of the total Rs 61,000 crore debt resolution target, as per the latest status report filed before insolvency appellate tribunal NCLAT. This is 7.02 per cent higher than Rs 45,281 crore repaid till March 2025. "As on September 30, 2025, the total debt discharged to creditors of the Respondent No 1 Group (IL&FS) aggregates to Rs 48,463 crore," said the status report affidavit filed by IL&FS. IL&FS has targeted to repay Rs 61,000 crore from the overall debt of Rs 99,355 crore. With the repayment of Rs 48,463 crore, about 80 per cent of the targeted Rs 61,000 crore debt resolution is complete. IL&FS is paring the debts through asset resolution, interim distribution which includes cash & InviT units, among others. Out of the total Rs 48,463 crore, debt resolved (by IL&FS group) through monetisation/ termination/ transfer of assets to InvIT aggregates to Rs 25,893 crore,

IL&FS group resolves ₹45,281 cr debt to its lenders as of March 2025

The debt-ridden IL&FS group has discharged Rs 45,281 crore to its creditors as of March 2025, completing the resolution of its 197 entities, according to the latest status report affidavit filed before the insolvency appellate tribunal NCLAT. This is 18.9 per cent higher than Rs 38,082 crore, the amount of debt that stood resolved from the last status report filed by IL&FS six months before on October 28, 2024. "As of March 21, 2025, a debt of Rs 45,281 crore has been resolved, out of the debt resolution target of Rs 61,000 crore, as a result of the resolution of 197 entities out of 302 entities having been concluded," said IL&FS. Now, only 105 entities remain to be resolved, out of which moratorium protection is now only required to be continued for 57 entities. "Basis current estimates, the new board expects the overall recovery to be approximately Rs 61,000 crores, which is 61 per cent of the overall debt as of October 2018," said the latest IL&FS affidavit. As per .

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Debt-laden Infrastructure Leasing and Financial Services (IL&FS) on Thursday announced completion of 49 per cent stake sale in its Chinese road asset - Chongqing Yuhe Expressway Co Ltd (CYEC). The stake is sold to China Merchants & PingAn Infrastructure Phase 1 Equity Investment Fund (Tianjin) Co Ltd (PingAn), a fund jointly owned by PingAn Insurance and China Merchants, a release from IL&FS Group said. The transaction will help the group address Rs 2,600 crore of its overall debt of close to Rs 99,000 crore (as of October 2018). The group, through its step-down Singapore-based subsidiary, ITNL International Pte Ltd (IIPL), was holding 49 per cent stake in CYEC. The balance 51 per cent stake in CYEC is held by Chongqing Expressway Group (CEG). IL&FS has duly received Rs 1,035 crore (USD 141.3 million) in Singapore as part of this stake sale transaction, the group said in the release. The amount will be used to pay around USD 88 million of Bank of Baroda loans and the ..

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The Enforcement Directorate (ED) has summoned MNS party chief Raj Thackeray in connection with its money laundering probe in the IL&FS alleged payment default crisis case, officials said on Monday. It had also called Unmesh Joshi, son of former state chief minister and Shiv Sena leader Manohar Joshi, in the same case after which he deposed before the central agency in Mumbai on Monday, they said. Unmesh Joshi's statement has been recorded under the Prevention of Money Laundering Act (PMLA), they said. Officials said the Maharashtra Navnirman Sena (MNS) chief has been asked to appear before the investigating officer of the case on August 22 at the agency's zonal office in Mumbai. The MNS dubbed as "political vendetta" the ED move to issue the notice to its cheif to join investigations. "Raj Thackeray created a sensation during the Lok Sabha poll campaign earlier this year. It had a significant impact on people and to avoid a similar challenge ahead of the Maharashtra Assembly ...

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