Alvarez & Marsal and Grant Thornton are advising IL&FS on the bank-wise distribution of the proceeds from the recoveries. IL&FS had informed lenders last week that proceeds would be distributed in the third quarter as against the initial plan of this being done in the second quarter, said one of the persons cited above.source https://economictimes.indiatimes.com/industry/banking/finance/banking/ilfs-lenders-to-receive-16000-crore-in-q3/articleshow/93868136.cms
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