CNTL, wholly owned by IL&FS Transportation Networks (ITNL), is likely to be resolved through transfer to an InvIT structure as part of its ...

IL&FS Group, which went bankrupt five years ago, has resolved Rs 35,650 crore of its debt through asset monetization and settlements with b...

After Cube Highways' proposed deal for CNTL fell through, IL&FS opted to resolve it through an InvIT. IL&FS did not extend the deadline of ...

The IL&FS Group has paid back Rs 29,000 crore to secured creditors, with an interim pay-out of Rs 920 crore for subsidiary Chenani Nashri T...

The three-day voting opened on March 21 and saw the lenders favouring debt recast as it offers them 99 per cent of their money while unsecu...

Under the proposed scheme, the CNTL debt will be transferred to an infrastructure investment trust (InviT) at ₹5,257 crore - as per an RBSA...

Last December, IL&FS proposed a debt recast for Chenani Nashri Tunnelway Ltd (CTNL), after a ₹3,900 crore deal to sell the special purpose ...

Early this month, Ares SSG Capital-backed asset reconstruction company, Assets Care and Reconstruction Enterprise (ACRE) acquired Federal B...

The Kerala-based lender sold the loan after the road asset's owner, IL&FS Transportation Network (ITNL), failed to close a deal it signed a...

An income of Rs 700 crore through annuity by the company was distributed to lenders early this year. IL&FS group companies have a total exp...

The tunnel, which cuts the travel time between Jammu and Srinagar by 31 km, was put on the block in December 2018 after the parent IL&FS we...

ITNL, a subsidiary of IL&FS, on March 31st this year received settlement amount of Rs 673 crore for Kiratpur Ner Chowk Expressway Limited (...

The company will now seek approval from NCLT and NHAI to complete the sale. The proceeds of the sale will be distributed in accordance with...

The five projects have received bids totalling Rs 7,489 crore, as against an aggregate debt of Rs 10,500 crore, as per an affidavit filed b...

Singapore-based infrastructure investment platform Cube Highways has won the bid to acquire Chenani-Nashri project in Jammu & Kashmir, Indi...

The process for inviting binding bids for the road assets was launched through a public advertisement inviting expressions of interest.