IL&FS roads InvIT set for launch Settling and awarding dues to IL&FS is imperative as the group is struggling under a debt of ₹99,358 crore.aniruddha chowdhury/mint 1 min read Share Via Read Full Story MUMBAI: Infrastructure Leasing and Financial Services (IL&FS) will launch its infrastructure investment trust (InvIT) soon, wherein it will convert the debt owed to banks in 10 road projects into units of the trust. The InvIT has received all approvals for the launch, a source close to the development told Mint. “IL&FS has got the approval from its committee of creditors for its InvIT. It has also completed the green channel filing with the Competition Commission of India and obtained the final registration from the Securities and Exchange Board of India (Sebi). It will make a formal announcement soon," the person mentioned above said.