IL&FS Transportation Networks has defaulted in payment of principal and interest due on non-convertible debenture (NCD), because of insufficient funds. The amount of principal and the interest due are worth Rs 1.40 crore and Rs 1.01 lakh, respectively. The period for which the interest was due on NCD is between January 01, 2019 and January 22, 2019 (22 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.
