Mumbai: The National Company Law Tribunal (NCLT) has allowed IL&FS arm IL&F Transportation Networks to sell its shares in Moradabad Bareilly Expressway to Roadstar Infra Investment Trust (InvIT).A two-member bench of Justice Prabhat Kumar and Justice VG Bisht, in an order, approved the...
New Delhi, IL&FS Mutual Fund on Wednesday said it has paid out a little over Rs 60 crore to investors in its infrastructure debt fund.According to a statement issued by IL&FS Group, the debt scheme – IL&FS Infrastructure Debt Fund Series 1C – was redeemed on the due date of April 30, making it...
New Delhi: Appellate tribunal NCLAT has rejected SBI's arguments opposing the liquidation value of ITPCL offered by the debt-laden company's lead banker PN and said the country's largest lender is not entitled to liquidation value of IL&FS group's thermal Power cannot "end" the company's debt...
New Delhi, IL&FS has decided to sell its entire 26 per cent equity stake in Noida Toll Bridge Company Limited (NTBCL), which owns and maintains the DND flyover connecting Delhi to Noida.IL&FS has decided to monetize this flagship DND flyover, which was built in 2001 as one of the first roads...