IL&FS, on Tuesday, said it has defaulted on Rs 348 crore of debt that was due in three separate repayments on October 19, 20 and 22, taking the total amount in missed repayments till date to Rs 4,272 crore. Prior to this latest default, IL&FS had defaulted on principal and interest on loans from banks, inter-corporate deposits and commercial papers totalling Rs 3,761 crore till September 28 and a further Rs 33.9 crore between September 30 and October 4. (According to exchange filings, it defaulted on another Rs 130 crore between October 5 and October 16).
