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IL&FS creditors to get ₹16,000 crore on pro-rata basis
short by Ashley Paul / on Sunday, 5 June, 2022
National Company Law Appellate Tribunal (NCLAT) has approved the interim distribution of ₹16,361 crore to IL&FS creditors at the holding company level. The amount includes ₹11,296 crore in cash and ₹5,065 crore in Infrastructure Investment Trusts. The interim distribution "shall be implemented only after approval by the new board" and "shall take place [on] pro rata basis", NCLAT said.
read more at Times Now