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IL&FS to initiate process for NCLT to recover ₹187 cr excess remuneration paid to ex-directors
Millennium Post Delhi
|Delhi 08 December 2025
The IL&FS Group will move the National Company Law Tribunal (NCLT) to recover Rs 187 crore in excess managerial remuneration from its former directors and two subsidiaries after they refused to return the amounts, according to a fresh affidavit filed before the National Company Law ‘Appellate ‘Tribunal (NCLAT).
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‘The company is also reopening its financial statements for 2018-19 and 2019-20, after receiving NCLT approval to incorporate adjustments from the recast accounts.
Revised financial statements for FY19 have been prepared and are currently being audited by NCLT-appointed statutory auditors. IL&FS expects to finalise them by December 31, 2025.
Last year, NCLT directed the recasting of financial statements for IL&FS and its subsidiaries IFIN and ITNL for FY14-FY18.
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