Ilfs Transportation Networks

IL&FS Transportation Networks delays Q2 results citing group co's NCLT proceedings

"The newly appointed board of IL&FS is in the process of preparation of roadmap and its subsequent submission to NCLT, which will require IL&FS Transportation Networks Ltd (ITNL) to undertake divestment, restructuring and/or consolidation of its assets...which will have an impact on the accounting and financial aspects of ITNL," the company said in a BSE filing.

Government considers putting IL&FS up for sale, among other options as it seeks to end company’s debt crisis

The government, in a rare move, took control of IL&FS this month after the company defaulted on some of its debt, triggering fears of contagion across India’s financial system.

IL&FS Transportation Networks to divest stake in some road projects to ease liquidity crunch

IL&FS and its subsidiaries have defaulted on several debt repayments recently due to a liquidity crisis.