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The Infrastructure Leasing & Financial Services (IL&FS) Group has successfully resolved debt worth Rs 452.81 bn as of March 2025, marking a major achievement in its ongoing restructuring efforts. This accounts for 62 percent of the total debt of Rs 720.00 billion that existed when the company crisis unfolded in 2018. The resolution has been achieved through a combination of asset monetisation, settlement with creditors, and successful implementation of the IL&FS resolution plan approved by the National Company Law Tribunal (NCLT). Key recoveries were made across sectors including roads, education, renewable energy, and financial services. IL&FS emphasised that the remaining debt is in various stages of resolution and expects to resolve over 70 percent of the total debt by the end of the financial year. The recovery process has involved coordination with over 300 entities and multiple judicial bodies, showcasing the scale and complexity of the restructuring. This progress highlights the effectiveness of India’s insolvency framework and reinforces confidence in regulatory mechanisms. It also offers a significant precedent for resolving large-scale financial defaults, setting an example for similar future cases in the infrastructure and financial sectors.