The company as of March 2018 owed over Rs 91,000 crore to banks and other creditors and since August 27, it has been on defaulting spree with nearly a score cases being reported so far. Of this, Rs 57,000 crore are bank loans alone, most of which are from state-owned lenders. State-owned insurer LIC is the largest shareholder with a fourth of the equity in IL&FS, and Orix Corporation of Japan owns 23.5 per cent. Other shareholders include Abu Dhabi Investment Authority with 12.5 per cent stake, IL&FS Employees Welfare Trust with 12 per cent, HDFC with 9.02 per cent, Central Bank of India with 7.67 per cent and State Bank of India (SBI) with 6.42 per cent at the March-end 2018.