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IL&FS Confident of Addressing Debt Worth Rs58,000 Crore by March 2022

IL&FS Confident of Addressing Debt Worth Rs58,000 Crore by March 2022
moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.

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Gurgaon Metro: IL&FS Receives Rs1,925 Crore from Haryana Govt's Unit HSVP

Gurgaon Metro: IL&FS Receives Rs1,925 Crore from Haryana Govt’s Unit HSVP
Moneylife Digital Team
28 June 2021

IL&FS had to go head on with the Haryana government and the Union government via the high court and then Supreme Court to get the state government to honour contractual obligations. This throws up the peculiar challenges faced by the new board in the IL&FS resolution, where the other party to disputes in public-private contracts are always state entities.

As part of the interim termination payment IL&FS has received Rs1,925 crore from Haryana Shehari Vikas Pradhikaran (HSVP) in its escrow accounts. This is in compliance with a Supreme Court order of 26 March 2021 in the Gurgaon Metro Project, which was being developed by two special purpose vehicles (SPVs) -Rapid Metro Rail Gurgaon Ltd (RMGL) and Rapid Metro Rail Gurgaon South Ltd (RMGSL). ....

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Markets likely to open on a flat note - The Hindu BusinessLine

Markets likely to open on a flat note
June 28, 2021
Consolidation phase likely to continue, say analysts
Domestic markets are expected to open the new week on a positive-to-flat note amid mixed global cues. Market experts said the market would largely remain in a consolidation phase before taking a clear direction.
The SGX Nifty is currently ruling at 15,900 indicates (8 am) against the July futures at 15,888, and the spot close of 15,860.95.
Last week, the US markets closed with a mixed tone, with tech-focussed Nasdaq slipping marginally even as the Dow Jones Industrial Average and the broader S&P 500 closed higher, with the latter hitting a record high on Friday. ....

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Haryana Govt Pays Rs 1,925 Crore To Infra Finance Firm IL&FS As Part Of Gurgaon Metro Project Case

Haryana Govt Pays Rs 1,925 Crore To Infra Finance Firm IL&FS As Part Of Gurgaon Metro Project Case
swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.

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Gurgaon Metro Project: IL&FS gets Rs 1,925 cr from Haryana govt

Gurgaon Metro Project: IL&FS gets Rs 1,925 cr from Haryana govt
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IANS
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Gurgaon: The second phase of Rapid Metro flagged off by IL&FS MD and CEO Rajiv Banga from Dlf Phase 1 metro station in Gurgaon on March 31, 2017. Seven trains will be running on the 6.6-km track at an interval of five minutes. . Image Source: IANS News
New Delhi, June 27 : IL&FS has received Rs 1,925 crore from Haryana Shehari Vikas Pradhikaran (HSVP) as interim termination payment in the Gurgaon Metro Project case.
The payment, duly received in escrow accounts, comes in compliance of the Supreme Court order of March 26, 2021 that ruled in favour of IL&FS in the Gurgaon Metro Project, developed through IL&FS subsidiaries and Special Purpose Vehicles (SPVs), Rapid Metro Rail Gurgaon Limited (RMGL) and Rapid Metro Rail Gurgaon South Limited (RMGSL). ....

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