[ad_1] by Anshul November 14, 2022, 12:11 PM IST (Published) The IL&FS Board approved this interim allotment in its Board meeting held on November 2, 2022. This is IL&FS’s first payout under the interim distribution framework where it is proposed to disburse a total of Rs 16,361 crore to selected group companies. Infrastructure Leasing and … Read more
[ad_1] Mumbai: IL&FS has initiated interim distribution payout with Rapid Metro Gurgaon Rail Ltd (RMGL), an IL&FS group company. The Group has completed disbursement of Rs 623.38 crore on interim basis to RMGL’s secured creditors/secured financial creditors including Union Bank of India, Bank of India, Indian Bank, Punjab & Sind Bank, UCO Bank, Bank of … Read more
[ad_1] Mumbai: Financial Creditors Fast Metro Gurgaon Rail (RMGL), a part of the IL&FS Group, received 83% of their total claim of Rs 715 crore. Following the IL&FS Board’s decision to initiate interim distribution on November 2, 2022, the group has started disbursing the recovered amount to creditors.Secured financial creditors of RMGL — UBI, BoI, … Read more