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IL&FS Group Discharges Rs 45,281 Crore To Creditors 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 197 entities.
- This amount is 18.9% higher than the previous resolved debt of Rs 38,082 crore, representing progress in debt resolution.
- Of the 302 entities, 105 remain to be resolved, with 57 entities still requiring moratorium protection.
- The new board expects an overall recovery of approximately Rs 61,000 crores, which is 61% of the debt as of October 2018.
- IL&FS has discharged debt through monetization, termination of assets, and interim distributions, totaling Rs 45,281 crore.
- NCLT had directed IL&FS to complete the resolution of the remaining firms by March 31, 2025, extending the moratorium accordingly.
- The IL&FS group continues to resolve debts through asset monetization and settling payments with concessioning authorities.
- Key holding companies within IL&FS availed a significant portion of the debt, with Rs 48,000 crore utilized by four main entities.
- The crisis in IL&FS led to NCLT superseding the existing board in October 2018, initiating a restructuring process.
- The IL&FS Group's efforts aim to conclude resolutions for the remaining entities under moratorium, facilitating debt recovery.
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