ILFS: ‘Substantial recovery’ likely against IL&FS external debt worth Rs 94,000 cr: Injeti Srinivas

ILFS: ‘Substantial recovery’ likely against IL&FS external debt worth Rs 94,000 cr: Injeti Srinivas

NEW DELHI: With multi-pronged strategies in place for IL&FS resolution, the government expects “substantial recovery” against the group’s Rs 94,000 crore external debt and the recovered amount could be much more than the sum realised under the insolvency law so far. Apart from the exercise of recasting the financial statements, an SFIO probe report regarding […]