IL&FS Transportation Networks has defaulted in payment of the interest worth Rs 11.59 crore due on non-convertible debentures (NCDs), because of insufficient funds. The period for which the interest was due on NCDs is between July 22, 2018 and January 21, 2019 (184 days).
IL&FS Transportation Networks is an India-based surface transportation infrastructure company. The company is a developer, operator and facilitator of surface transportation infrastructure projects, taking projects from conceptualization through commissioning to operations and maintenance under public to private partnership on build-operate-transfer (BOT) basis.
