 "Illustration: Ajay Mohanty")
Financially troubled infrastructure conglomerate IL&FS is now turning to defaulters for recovering its dues. In a first, the financing arm of the company -- IL&FS Financial Services -- has issued a public notice to Delhi-based real estate construction company Collage Group to recover Rs 1 billion of unpaid dues.
IL&FS has issued a notice to take possession of 793 square yards of property belonging to Collage Group in Anand Lok, Delhi. This includes the under-construction plots, all movable/immovable fixtures and fittings -- present and future -- as part of the possession.
The notice issued on September 25 said, "Having
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