IL&FS Financial Service defaults on payment obligations
According to a BSE filing the bank loan (including interest) obligations were worth Rs 284.5 crore.
As per the filing the obligations on term deposit were Rs 103.53 crore and short-term deposit were worth Rs 52.43 crore.
The firm is a Non-Banking Finance Company (NBFC) which provides a range of financial and advisory solutions.
It specialises in infrastructure financing transactions among other things.
--IANS ravi-rv/nir