IL&FS Transportation Networks has updated the progress of the ongoing resolution process across the Group and revised its estimates of debt being addressed to well above 50% of the overall debt of over Rs 99,000 crore. The aggregate value of debt being addressed is now estimated as over Rs 57,000 crore - with around Rs 50,500 crore likely to be addressed by March 2021. The revised value accounts for over 57% of overall debt and is significantly higher than the average realization, till date, for Financial Creditors under the IBC process.
IL&FS Transportation Networks is an India-based surface transportation infrastructure company.
