An arm of IL&FS has received Rs 1,804 crore as claim settlement from the National Highways Authority of India (NHAI). This would help the subsidiary address its Rs 3,500 crore debt. "NHAI and the Ministry of Road Transport and Highways have settled aggregate IL&FS claims of over Rs 1,804 crore across six road projects," said an official statement. IL&FS Transportation Networks on March 31, received a settlement amount of Rs 673 crore for Kiratpur Ner Chowk Expressway and Rs 20 crore towards claims for Chenani Nashri Tunnelway from NHAI.

Debt-ridden Infrastructure Leasing and Financial Services (IL&FS) on Thursday announced completion of 49% stake sale in its Chinese road asset -Chongqing Yuhe Expressway Co Ltd (CYEC). The stake was 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 the IL&FS Group said.

IL&FS Transportation Networks (ITNL), a subsidiary of IL&FS, on Sunday said it has received a settlement amount of Rs 673 crore for Kiratpur Ner Chowk Expressway (KNCEL) and Rs 20 crore towards claims for Chenani Nashri Tunnelway (CNTL), from the National Highways Authority of India (NHAI). The amount was received on March 31, Infrastructure Leasing and Financial Services (IL&FS) said in a statement

Debt-laden Infrastructure Leasing & Financial Services Ltd (IL&FS) said on Sunday that its unit ITNL has received a settlement amount of Rs 673 crore for Kiratpur Ner Chowk Expressway Ltd (KNCEL) and Rs 20 crore towards claims for Chenani Nashri Tunneway Ltd (CNTL) from the National Highways Authority of India (NHAI). With these two projects, NHAI and the ministry of road transport and highways (MoRTH) have settled claims of more than Rs 1,804 crore so far across six road projects of IL&FS

ITNL, a subsidiary of IL&FS, on March 31, 2021 has duly received settlement amount of Rs 673 crore for Kiratpur Ner Chowk Expressway Limited (KNCEL) and Rs 20 crore towards claims for Chenani Nashri Tunnelway Limited (CNTL) - from National Highways Authority of India (NHAI). With these two projects, NHAI and MoRTH have settled aggregate IL&FS claims of over Rs 1,804 crore across 6 Road projects.

In a major step towards resolving overall debt, IL&FS today announced completion of its 49% 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. This is the largest transaction for IL&FS since the sale of its Wind Energy assets to Orix.

Punjab & Sind Bank said on Tuesday that it has classified its loan exposure of Rs 150 crore to IL&FS Transportation Network (ITNL) as fraud. The bank said that it informed the RBI about the fraud on March 30.

The Haryana Government has been directed by the Supreme Court to deposit Rs 1,925crore within three months into an escrow account while hearing a dispute between the state's urban development authority, HSVP and Infrastructure company IL&FS on the Rapid Metro corridor in Gurgaon

In a relief to beleaguered IL&FS, the Supreme Court on Friday directed the Haryana government to pay Rs 1.925 crore to the infrastructure company after the Haryana Shehri Vikas Pradhikaran (HSVP) failed to pay dues to the firm. IL&FS had bagged the two-phase Gurgaon Metro Project, which was developed through its subsidiary SPVs, Rapid Metro Rail Gurgaon and Rapid Metro Rail Gurgaon South, in 2009 and 2013

In a major development, the Hon'ble Supreme Court today ruled in favor of IL&FS in the Gurgaon Metro Project case As part of the judgment, the Supreme Court has directed Haryana Shehari Vikas Pradhikaran (HSVP) to deposit 80% of total "debt due" (over Rs 2,400 crore), amounting to Rs 1,925 crore, within 3 months into the Escrow Accounts The Supreme Court order added that appropriation of any amount from the said Escrow Account shall be subject to further orders of the NCLAT or any other competent legal authority.