NCLT orders liquidation of Lanco Vidarbha Thermal Power
The National Company Law Tribunal (NCLT) has ordered the liquidation of yet another subsidiary of Hyderabad-based Lanco Group, Lanco Vidarbha Thermal Power Ltd, after it failed to find a suitor under the Insolvency and Bankruptcy Code (IBC). The company has debt of over INR 6,700 crore.
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