IL&FS -Claim Management

Please note the following provisions of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 shall apply to the IL&FS claims process with respect to the submission of claims with proof, determination of amount of claim, and other relevant matters.

Regulation 7- Claims by Operational Creditors
Regulation 8- Claims by Financial Creditors
Regulation 8A- Claims by creditors in a class
Regulation 9- Claims by workmen and employees
Regulation 9A- Claims by other creditors
Regulation 10-Substantiation of Claims
Regulation 11- Cost of proof
Regulation 14- Determination of amount of Claim 
Regulation 15-Debt in Foreign Currency (The claims denominated in foreign currency shall be valued in Indian currency at the official exchange rate as on15th October 2018.) 
Regulation 28 – Transfer of debt due to creditors

For further details on the above stated regulations please refer to the below link-

Financial creditors in a class e.g. bond or debenture holders

Please note that if you are a creditor in a class (debentures), as understood in the context of section 21 6(A) (a) of the Insolvency and Bankruptcy Code, 2016, the concerned IL&FS group entity has agreed with the Trustee appointed in respect of the class that it shall submit claims on behalf of all creditors in the class. Please do not submit an individual claim.  In case a debenture holder wishes to make enquiries about his / her claim, they should contact their appointed Trustee directly. 

Employee claims:

Please note that the concerned IL&FS group entity shall facilitate submission of claims on behalf of the employees.  Therefore, please do not submit an individual claim – there is no need to do so.  In case an employee wishes to make enquiries about his / her claim, they should contact the IL&FS HR department on the following email id-

Employees who are not currently associated with IL&FS group entity may also choose to submit individual claims for their pending liabilities up to and including 15 October 2018 to the appointed Claim Management Advisor, Grant Thornton India LLP.’