StockWatch
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Road Assets–Toll- Annuity- Hybrid-Annuity
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.