Lenders led by Canara Bank have received close to ₹1,300 crore as part of their dues from Infrastructure Leasing & Financial Services (IL&FS) in what is a second payout from the defunct infrastructure financier.
The amount was distributed to secured creditors late last month as a settlement for their dues from Rapid MetroRail Gurgaon South (RMGSL), three people familiar with the process said.
Secured creditors received a total of about ₹1,300 crore for their dues totalling ₹1,500 crore, a recovery of 87%.
Source:
Economic Times
