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IL&FS moves NCLAT to update CoC vote sharesIL&FS is adjusting creditor voting rights in committees. This change reflects current outstanding debt after nearly ₹18,000 crore in interi...- ITPCL debt restructuring: NCLAT rejects SBI's objection on liquidation value provided by PNBThe National Company Law Appellate Tribunal (NCLAT) has dismissed all three applications by SBI against the liquidation value of IL&FS Tami...
- Adani Power, Jindal Group companies, Vedanta in race for IL&FS Tamil Nadu PowerIL&FS, as part of its resolution process, had recently invited expressions of interest (EoIs) to acquire a 92% stake in ITPCL held by IL&FS...
- SBI wants IL&FS to declare ITPCL value before debt rejigState Bank of India (SBI) and IL&FS have different views on debt restructuring at ITPCL, the bankrupt financier's power joint venture entit...
- IL&FS pays Rs 2,150 cr to creditors of Tamil Nadu power armIL&FS Group has repaid ₹2,150 crore to senior secured lenders of IL&FS Tamil Nadu Power Company (ITPCL). This repayment is part of a debt r...
- IL&FS and ITNL set to pay first instalment of dues to creditorsIL&FS, the distressed infrastructure financier that collapsed five years ago, is set to make its first payment to creditors. The parent com...
- Majority of lenders of IL&FS Tamil Nadu Power Company seal loan recast dealThe master restructuring agreement (MRA) was approved by a majority of lenders last week. This envisages a loan repayment schedule up to Ma...
- Creditors to IL&FS Tamil Nadu Power reject NARCL's offerLenders felt that NARCL's offer of ₹4,700 crore in a 15:85 structure was below their recovery expectations through the debt restructuring p...
- 'IL&FS Tamil Nadu power has Rs 3,000 cr of cash and a hurdle to resolution'Although the broad contours of a restructuring plan have been agreed upon, its implementation hinges on approval from individual lenders as...
- IL&FS to re-launch stake sale process of ITPCL amid restructuring effortsIL&FS will restart the stake sale process of ITPCL (IL&FS Tamil Nadu Power Co) alongside its ongoing restructuring efforts, with the new IL...
- IL&FS addresses aggregate debt of Rs 32,000 croreThe total debt of Rs 32,000 addressed comprises of Rs 21,600 crore of debt addressed basis cash balances and nearly Rs 10,300 crore of addi...
- IL&FS PMLA case: ED attaches Rs 452-cr worth assets of Singapore shell company"The attached assets are in the form of 8.86 per cent shares of ILFS Tamil Nadu Power Company Limited (ITPCL) presently worth around Rs 452...
- ITPCL lenders to meet this week to vote on restructuring planLenders to IL&FS Tamil Nadu Power Company (ITPCL), which is undergoing insolvency proceedings, are likely to meet this week to finalise a r...
- IL& FS’ ‘good’ power asset may turn ‘bad’The court allowed a moratorium until further orders.
- Service Tax department summons IL&FS for alleged evasion by agentService Tax authorities have issued summons to IL&FS for alleged tax evasion worth Rs 1.64 crore by one of its contractors/agents in Tamil ...
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