mumbai ilfs has said in its progress update that rs 32000 crore of debt has been resolved so far the group has a total debt of rs 99355 crore of which the board had said that over rs 56000 crore would be recovered given that most lenders have written off their debt to the troubled group on their books the resolution will be recorded by them as profitaccording to a research report in 2019 40 of the groups debt is with public sector banks and its borrowings accounted for 06 of all bank loans in the countryof the total debt resolved rs 21600 crore has been addressed based on cash balances or through sale of businesses the incremental recovery value of entities whose resolutions have been filed with the national company law tribunal nclt and appellate tribunal nclat is around rs 10300 crore ilfs said in a filing of the debt resolved on cash balances rs 750 crore wasthe settlement amount received for ilfs solar power and rs 1000 crore was received by ilfs tamil nadu power from the state electricity distribution companyanother rs 300 crore was recovered by ilfs financial services from loans given to entities outside the ilfs groupthe ones pending at the tribunal for final approval are rs 7550 crore of road projects rs 4900 crore through debt restructuring of ilfs tamil nadu power and rs 1370 crore to be received for termination of concession for road projects ilfs has got approval from creditors for selling terracis technologies which represents a recovery value of nearly rs 1200 crore to the highest bidder the group has also signed deals to sell its environment business for rs 150 crore and two real estate properties for rs 20 crore