Hyderabad-based Lanco Group’s third subsidiary which runs a thermal power plant has been ordered for liquidation by the bankruptcy tribunal. Lanco Vidarbha Thermal Power Ltd, which has a debt of over Rs 6,700 crore, was unable to find a suitor under the bankruptcy process that has been going on since October ......
Lanco Group’s third arm to be dissolved through liquidation
By Beena Parmar
- 13 Jul 2021