
Loan & Debt23 Sept 2026, 01:18 pm
Noida Toll Bridge Approves ₹23.60 Cr Interim Distribution
AI Summary
Noida Toll Bridge Company Limited's Board of Directors has approved the second interim distribution to its financial creditors, specifically ICICI Bank Limited. The distribution amounts to ₹23.60 Crores, covering the entire liability on the Secured Term Loan up to the cut-off date of October 15, 2018. This payment is part of the company's court-monitored resolution process under the IL&FS Group. The approval is subject to further clearance from IL&FS Transportation & Networks Limited and IL&FS (New Board). The board meeting took place on September 23, 2026.
Key Highlights
- Second interim distribution of ₹23.60 Crores approved.
- Payment is for financial creditors, specifically ICICI Bank.
- Covers entire loan liability up to October 15, 2018.
- Part of court-monitored resolution under IL&FS Group.
- Subject to approval from IL&FS entities.
Price Impact
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