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 This move aims to ensure fair decision-making in asset sales, preventing outdated claims from influencing outcomes.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.
Source :- Markets-Economic Times Read More
