7/12/2025, 4:40:04 pm

IL&FS targets ex-board members for Rs 187 crore payback

IL&FS Group will file a petition with NCLT seeking Rs 187 crore from former directors and subsidiaries. The company has discovered excess managerial remuneration paid during 2018-19 and 2019-20. NCLT has approved revised financial statements for 2018-19, which will be finalised by December 31, 2025. The company aims to recover dues from 90% of its former directors.