Lanco Infratech was among the 12 identified cases referred to the National Company Law Tribunal by the Reserve Bank of India. Mumbai: Lanco Infratech Ltd, which is undergoing insolvency proceedings, is planning to sell 73 megawatt (MW) of four renewables assets and sought bids from interested buyers. The assets on sale include 35 MW each of solar assets in Rajasthan and Gujarat, and 3 MW of wind assets in Karnataka. These assets are owned directly by Lanco Infratech or indirectly through special purpose vehicle. Lanco Infratech was among the 12 identified cases referred to the National Company Law Tribunal (NCLT) by the Reserve Bank of India (RBI).

Source: Mint December 05, 2017 06:00 UTC