IL FS Unit Misses Payment Due To "Insufficient Funds"

INSUBCONTINENT EXCLUSIVE:
payments due on March 18 because of "insufficient funds".ILFS Transportation Networks is a subsidiary of debt-laden Infrastructure Leasing
and Financial Services Ltd (ILFS), which the government took control of in October, citing the need to protect the country's financial
system and markets from a potential collapse.ILFS, which is looking to sell assets to pay off debts, said in December it had begun the sale
of its domestic road assets within its ILFS Transportation Networks subsidiary.($1 = Rs 68.55)Get the latest election news, live updates and
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