IL&FS 'test case' for group resolution: Uday Kotak2 min read 31 Dec 2019, 06:30 PM IST
Uday Kotak said the board expects to recover 50% of the overall outstanding debt in its books as on September 30, 2018
The crisis-ridden group has total outstanding debt of over ₹90,000 crore
NEW DELHI : IL&FS Group Chairman Uday Kotak at the new board's first Annual General Meeting (AGM) on Tuesday said the ongoing resolution process of the debt-ridden group is a "test case" for group-wide resolution of stressed assets in the country.
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