IL&FS group expects to resolve extra Rs 4,800 crore debt by March 22

If this happens, it would have resolved amounts close to Rs 57,000 by then; lenders' write-off pegged 38-39%

Troubled IL&FS group expects to resolve additional debt of about Rs 4,800 crore in five months, taking total amount resolved amounts close to Rs 57,000 by March 2022.

Giving the break up of the Rs 52,200 crore resolved till date, Uday Kotak, the group's chairman, said lenders have recieved Rs 14,100 crore. Amounts which are in cash with various group entities are about Rs 16,700 crore.

The group has completed sale and purchase agreements worth Rs 21,000 crore, awaiting approvals from regulatory and legal forums.

It also stuck to its earlier estimate of resolving debt of Rs 61,000 crore, representing