IL&FS Financial lenders reject UVARC's ₹370-crore offer

As per the affidavit submitted in the NCLAT by IL&FS, from October 1, 2018 to November 30, 2021, IFIN has been able to recover funds from over 30 borrowers amounting to ₹2,343 crore. The GNPA of the non-bank lender stands at 99% of its total loan exposure.

from Banking/Finance-Industry-Economic Times https://ift.tt/htq9XgT