IL&FS seeks more time to complete resolution

IL&FS has requested more time from NCLAT to resolve 57 ongoing cases among its subsidiaries, having already resolved 197 of 302 entities. So far, Rs 45,000 crore has been recovered out of Rs 99,000 crore owed, with an increased recovery target of Rs 61,000 crore. The process faces hurdles including government delays and lender actions.

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