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DABUR 
Reputation: 642,681 • May 11, 2023 1:31 AM
McLeod Russel-IL&FS out-of-court settlement may lead to 60pc recovery
IL&FS Infrastructure Debt Fund (IIDF), part of the IL&FS group and a financial creditor of McLeod, has applied under a provision of the IBC against McLeod Russel India Ltd with the National Company Law Tribunal, Kolkata Bench. IIDF filed the petition against the company for default in payment of Rs 347.4 crore as on November 12, 2019, of which the principal amount is about Rs 252.66 crore.
The Economic Times
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