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IL&FS initiates interim distribution payout | Tech Reddy

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[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

Creditors of Il&fs Arm get 1st payout by Insolvency Grp | Mumbai news | Tech Reddy

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[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