'Substantial recovery' likely against IL&FS external debt worth Rs 94,000 cr: Injeti Srinivas

Apart from the exercise of recasting the financial statements, an SFIO probe report regarding an IL&FS subsidiary is nearing completion and some matters are before the National Company Law Appellate Tribunal (NCLAT) and the Bombay High Court. In late 2018, the problems at IL&FS came to light after some group companies defaulted on loan repayments.

from Economy-News-Economic Times https://ift.tt/39FZ63H
via