The newest determine marks a 7.02% improve from the ₹45,281 crore repaid as of March 2025.
“As on September 30, 2025, the overall debt discharged to collectors of the Respondent No 1 Group (IL&FS) aggregates to Rs 48,463 crore,” the affidavit submitted by the corporate acknowledged.
IL&FS, which has been working by certainly one of India’s most complicated company resolutions since its 2018 collapse, had set a goal of resolving ₹61,000 crore out of its total debt of ₹99,355 crore. The newest repayments push the decision to almost four-fifths of the meant quantity.
The group is repaying lenders by asset monetisation, interim distributions within the type of money and InvIT items, and inside money flows.
In accordance with the affidavit, of the overall ₹48,463 crore resolved up to now, ₹25,893 crore got here from “monetisation/ termination/ switch of property to InvIT”.As well as, IL&FS continues to scale back debt by auto-debits, principal servicing in worthwhile “inexperienced” entities, and the discharge of non-fund-based limits throughout subsidiaries.“These efforts (together with discharge of fund-based debt) have resulted in debt decision of roughly Rs 7,545 crore as on September 30, 2025,” the group knowledgeable NCLAT.
IL&FS instructed the tribunal that it has paid ₹15,026 crore to exterior collectors by interim distributions.
“Pursuant to NCLAT’s order dated Could 31, 2022, and different/additional related orders, as on September 30, 2025, the overall debt discharged by means of interim distribution aggregated to Rs 16,898 crore, out of which Rs 15,026 crore has been discharged to exterior monetary collectors,” the standing replace famous.
The group reported a money steadiness of ₹8,575 crore, together with “money obtainable for interim/ closing distribution is Rs 406 crore.” Of the remaining money, ₹3,735 crore is earmarked for going-concern bills, contingent liabilities, and routed exterior claims, whereas ₹4,108 crore is held inside entities present process decision.
IL&FS group entities additionally maintain InvIT items valued at ₹326 crore, obtained following the switch of sure infrastructure SPVs. “Such items have been obtained by the related Respondent No. 1 Group entities pursuant to the switch of sure InvIT SPVs to the InvIT, together with by intra-group distribution,” the affidavit added.
On the time the disaster surfaced in October 2018, IL&FS comprised 302 entities—169 home and 133 offshore.
Since then, 202 firms have been absolutely resolved: 76 home and 126 offshore.
Functions for resolving 36 home entities are presently pending approval. Nevertheless, filings for 62 entities—55 home and seven offshore—are but to be made attributable to numerous challenges.
A key milestone within the decision course of was reached by IL&FS Transportation Networks Ltd (ITNL), which accomplished the switch of Chenani Nashri Tunnelway Restricted (CNTL) to Singapore-based Dice Highways & Infrastructure II Pte.
CNTL operates the Chenani–Nashri tunnel (now Dr. Syama Prasad Mookerjee Tunnel), India’s longest freeway tunnel spanning 9.28 km in Jammu & Kashmir. The transaction is taken into account one of many largest asset resolutions below the IL&FS restructuring.
With inputs from PTI
