Eye on value, govt seeks to ‘fast-track’ IL&FS resolution 7509316

eye on value govt seeks to fast track ilfs resolution 7509316

Sumary of Eye on value, govt seeks to ‘fast-track’ IL&FS resolution 7509316:

  • While the new board of scam-hit Infrastructure Leasing &
  • This framework is time-taking and Covid-19 related restrictions last year and this year further affected the resolution process.
  • IL&FS group of companies have been classified into three categories – Green, Red and Amber – on the basis of 12-month cash flow-based solvency test, with companies in the Red category not able to fully repay even the secured debt.

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