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RBI directs IDBI Bank to initiate Corporate Insolvency Resolution Process for Lanco Infratech

Under Insolvency and Bankruptcy Code, 2016

Lanco Infratech announced that the Reserve Bank of India directed IDBI Bank, the lead bank of Lanco Infratech to initiate Corporate Insolvency Resolution Process ('CIRP') for Lanco Infratech under the Insolvency and Bankruptcy Code, 2016.

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