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IL&FS puts its entire road assets held by ITNL on the block to raise resources to repay debt
•Since 28 August, the IL&FS group which has as many as 348 subsidiaries almost half of are in overseas territories, is unable to service debt worth over Rs 94,000 crore, of which Rs 57,000 crore are from bank.
Cash-strapped IL&FS Financial Services declares 7 fresh defaults of Rs 395 cr
•Rise and fall of IL&FS: A bailout is a blunder; India's debt trapped infra financiers are walking on a minefield
Srikanth •Whatever the final outcome, IL&FS will never be the same institution again. In some ways, that is a pity; but markets have none.
ICRA junks Rs 12,000-cr of IL&FS' borrowing programmes; removes group entities from rating watch
•IL&FS, which is credited for building the Chenani-Nashri tunnel, the longest in the country opened for traffic in April 2017, is sitting on an over a debt pile of Rs 91,000 crore and had been junked by rating agencies following the default.