IL&FS group resolves ₹45,281 cr debt to its lenders as of March 2025

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IL&FS group resolves ₹45,281 cr debt to its lenders as of March 2025 - Business Standard

Quick Summary:

The debt-ridden IL&FS group has discharged Rs 45,281 crore to its creditors as of March 2025, completing the resolution of its 197 entities, according to the latest status report affidavit filed before the insolvency appellate tribunal NCLAT.This is 18.9 per cent higher than Rs 38,082 crore, the amount of debt that stood resolved from the last status report filed by IL&FS six months before on October 28, 2024.

"As of March 21, 2025, a debt of Rs 45,281 crore has been resolved, out of the debt resolution target of Rs 61,000 crore, as a result of the resolution of 197 entities out of 302 entities having been concluded," said IL&FS.

Now, only 105 entities remain to be resolved, out of which moratorium protection is now only required to be continued for 57 entities.