The National Highways Authority of India may acquire incomplete projects of the debt-laden Infrastructure Leasing & Financial Services (IL&FS), a senior government official said. \u201cNHAI has flagged issues on projects of IL&FS to the ministry of roads, transport and highways,\u201d the official said. \u201cThere can be negotiated settlement for incomplete projects since liquidity is a problem. Efficient management of cash flows and its deployment is a challenge for IL&FS,\u201d he said. The official said that the valuation of incomplete \u00a0IL&FS projects will be done by an independent agency. \u201cNHAI can either retain the entire project or even call for bids for balance work,\u201d the official said. Options of settling arbitration of NHAI is also being considered, the official said adding that the government wants a well defined dispute settlement mechanism so that it hastens the claim settlement of IL&FS.