Debt-ridden IL&FS Group repays Rs 50,387 crore to creditors by June 2026, achieves 82.6 pc of resolution target

Debtridden ILampFS group has repaid Rs 50387 crore to its creditors as of June 2026 according to the latest status report affidavit filed before insolvency appellate tribunal NCLATThis is around 4 per cent higher than Rs 48463 crore repayment by ILampFS as per the last status report filed in September 2025With the repayment of Rs 50387 crore the overall debt resolution of the ILampFS group has reached nearly 826 per cent of its target of Rs 61000 which is approximately 6138 per cent of the total external debt outstanding of Rs 99377 croreHowever it has paid 884 per cent around Rs 57000 crore of its total debt of Rs 91000 crore the amount which was estimated at the time of the management takeover owed to public sector banks and financial institutionsAdditionally a significant portion of the companys equity capital is held by public financial institutions including the Life Insurance Corporation of India LIC State Bank of India SBI and Central Bank of India among othersILampFS is paring the debts through asset resolution interim distribution which includes cash amp InviT Units among othersIn the total Rs 50387 crore as on June 30 2026 the debt resolved through such monetisation termination transfer of assets to InvIT aggregates to Rs 26027 croreIt is also discharging debts via autodebits principal servicing in Green entities profitable ILampFS entities and release of nonfundbased limits availed by its subsidiariesThese efforts along with discharge of fundbased debt have resulted in debt resolution of approximately Rs 8347 crore as on June 30 2026 ILampFS Group said in the affidavitMoreover ILampFS has also paid Rs 16013 crore to external creditors through interim distributionPursuant to the NCLATs order dated May 31 2022 and otherfurther associated orders as on June 30 2026 the total debt discharged towards financial creditors by way of interim distribution aggregated to Rs 18398 crore out of which Rs 16013 crore has been discharged to external financial creditors ILampFS informedBesides ILampFS group has a cash balance aggregate to Rs 7259 crore of which cash available for interim final distribution is Rs 1551 croreIn this the cash held for going concern expenses contingent and external routed claims is Rs 1925 crore and the balance cash of Rs 3783 crore is available in the remaining entities undergoing resolutionMoreover the value of the InvIT units held by certain ILampFS Group entities aggregates to Rs 326 croreSuch units have been received by the relevant Respondent No 1 Group entities pursuant to the transfer of certain InvIT SPVs to the InvIT including through intragroup distribution it saidAt the time of crisis ILampFS Group comprised 302 entities as of October 15 2018 in which 169 entities were Domestic Group Entities and the remaining 133 entities were Offshore Group EntitiesThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever