IL&FS - Home
First slide
First slide
Second slide

Key Highlights

IL&FS Group achieves debt resolution of Rs 55,157 crore as of September 30, 2024

     

Total debt resolved, including debt to be serviced fully in green entities, stands at Rs 58,022 crore as of September 30, 2024.

     

Debt of Rs 58,022 crore resolved includes - a) Debt discharged of Rs 38,082 crore, b) Available Cash and Invit Units of Rs 14,721 crore across Group companies; c) Rs 2,035 crore of Resolution approved by courts, but pending closure; d) Rs 2,865 crore of Debt TO BE serviced fully in Green Entities; and e) Rs 319 crore of resolution applications filed in court, pending approval.

     

Debt of Rs 38,082 crore discharged includes - i) Rs 20,289 crore by way of monetization and termination, ii) Rs 8,140 crore by way of auto-debits, NFB Release and Servicing principal of Green entities; and iii) Rs 9,653 crore of Interim Distribution (external creditors).

Available Cash in Group companies stands at Rs 10,873 crore as of September 30, 2024.

     

Available Invit Units stand at Rs 3,848 crore as od Sept 30, 2024.

     

IL&FS Group maintains aggregate debt resolution target of Rs 61,000 crore.

     

Mr. Nand Kishore appointed new IL&FS CMD by MCA, w.e.f. October 1, 2024.

     

Mr. C.S. Rajan’s term, as Non-Executive Chairman of IL&FS, ended on September 30, 2024.

     

The Government of India, through Ministry of Corporate Affairs, took management control of IL&FS and appointed a new Board in October 2018 in an effort to control defaults and restore confidence and financial stability in Capital Markets.

Leadership Change

Announcements

Investors

Asset Divestment

Resolution Updates

Claims Management


Projects