IL&FS Repays ₹48,463 Crore, Achieves 80% of ₹61,000 Crore Debt-Resolution Target

As per PTI, Infrastructure Leasing & Financial Services (IL&FS) has discharged ₹48,463 crore in outstanding debt as of September 2025, moving closer to its ₹61,000 crore resolution target. The repayment milestone reflects its ongoing efforts to resolve one of India’s most complex corporate debt issues since its 2018 crisis. 

IL&FS Achieves Major Milestone in Debt Resolution 

IL&FS submitted a status affidavit to the National Company Law Appellate Tribunal (NCLAT), confirming the repayment of ₹48,463 crore as of September 30, 2025. This represents nearly 80% of its targeted ₹61,000 crore resolution goal. In March 2025, the group had reportedly repaid ₹45,281 crore, indicating a 7.02% rise within 6 months. 

The group’s total debt stood at ₹99,355 crore at the time of its collapse in 2018. Through asset sales, internal cash flows, and interim distributions, IL&FS has achieved considerable progress in one of India’s largest debt restructurings. 

Breakdown of Repayment Methods and Asset Monetisation 

A significant portion, ₹25,893 crore, came via asset monetisation, termination, and transfers to Infrastructure Investment Trusts (InvITs). An additional ₹7,545 crore was resolved from auto-debits, servicing through profitable “green” entities, and releasing non-fund-based financial exposures. 

Furthermore, the group has distributed ₹16,898 crore through interim cash flows, out of which ₹15,026 crore has gone directly to external financial creditors. 

Read More: IL&FS Transfers CNTL to Cube Highways for ₹6,145 Crore Deal! 

Remaining Cash and Distribution Potential 

IL&FS reports a total cash balance of ₹8,575 crore. Of this, ₹406 crore is earmarked for final or interim distributions, ₹3,735 crore is set aside for day-to-day operations, contingencies, and routed claims, and ₹4,108 crore is held with subsidiaries undergoing resolution. The group also holds InvIT units valued at ₹326 crore received in lieu of asset transfers. 

Ongoing Resolution of Remaining Group Entities 

IL&FS has successfully resolved 202 entities since the crisis emerged—76 domestic and 126 offshore. Approval is pending for 36 domestic entities, while filings for 62 others remain due. The sale of Chenani Nashri Tunnelway Limited to Cube Highways marks a key milestone, being one of the largest transactions in IL&FS’ restructuring journey. 

Conclusion 

IL&FS has made substantial progress in its debt resolution process, repaying ₹48,463 crore out of its ₹61,000 crore goal. With additional asset monetisation and legal approvals in progress, the group edges closer to resolving one of India’s most challenging corporate crises. 

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