IL&FS is adjusting creditor voting rights in committees. This change reflects current outstanding debt after nearly ₹18,000 crore in interim payouts. Some lenders' voting power will decrease as their debt has been substantially repaid. This move aims to ensure fair decision-making in asset sales, preventing outdated claims from influencing outcomes. Major IL&FS assets will see shifts in committee makeup.
IL&FS moves NCLAT to update CoC vote shares
The Economy Times Markets2 hrs ago
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