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IL&FS seeks ₹187 crore from former directors over excessive pay, following discovery of hidden losses.
IL&FS plans to file a petition with the NCLT to recover ₹187 crore in excess director remuneration paid between 2013–14 and 2017–18, following revised financial statements that revealed ₹9,600 crore in hidden losses.
The move, prompted by NCLT directives, targets former whole-time and independent directors, with 34 notices issued and two independent directors voluntarily repaying their shares.
The company aims to recover most of the amount from former whole-time directors and will pursue legal action based on the Companies Act.
As of September 2025, IL&FS has paid ₹48,463 crore to creditors, covering 61.39% of its external debt, with ongoing efforts to resolve ₹61,000 crore through asset sales.
IL&FS busca ₹187 crore de los ex directores por el pago excesivo, tras el descubrimiento de pérdidas ocultas.