Oct 10, 2018 09:51 AM IST | Economy
IL&FS may reach out-of-court settlement with NHAI on select highway projects, says report
IL&FS has made Rs 70,000 crore worth of arbitration claim against the NHAI, which are under various stages of resolution, the report said, adding that if NHAI pays the due amount, IL&FS will be able to pay off some of its debts.
While IL&FS claimed that the amount finalised by the arbitration panel was on the lower side, in few other cases, the Ministry of Road Transport and Highways and NHAI had dragged IL&FS to court on high arbitration claims, the report said.
Published Date: Oct 10th, 2018 09:51 AM | Updated Date: Oct 10, 2018 09:51 AM IST