Noida Toll Bridge Approves Rs 23.60 Crore Payment

Noida Toll Bridge Company Ltd has cleared a Rs 23.60 crore payout to ICICI Bank, addressing legacy secured term loan liabilities.

Reader Takeaway: This payout marks progress in the court-mandated debt resolution, though final approvals remain pending from parent entities.

What just happened

The Board of Directors of Noida Toll Bridge Company Limited (NTBCL) met on September 23, 2026, to authorize a second interim distribution to its financial creditor, ICICI Bank Limited. This payment settles the liability related to a secured term loan, based on a cut-off date of October 15, 2018. The calculation was verified by the company’s claim manager and validated by resolution advisors.

Why this matters

As part of the IL&FS group, NTBCL is navigating a complex court-monitored resolution process. Clearing liabilities with secured lenders is a critical step toward balancing the books and settling claims. This specific distribution demonstrates that the structured resolution roadmap is moving forward, providing clarity on how creditor claims are being addressed.

Risks to watch

Shareholders should note that the payment is not yet final. The board’s approval is contingent upon secondary clearances from IL&FS Transportation & Networks Limited and the IL&FS New Board. Investors should track future exchange filings to confirm these remaining administrative hurdles have been cleared.

What to track next

Watch for official confirmation of the payment execution and any subsequent disclosures regarding the broader resolution timeline for the remaining debt or corporate structure.