 "revenues")
Lavasa Corporation's lenders are ending bankruptcy proceedings and corporate profits to GDP ratio are at 10-year high. These are some of the top headlines Monday morning.
Lavasa Corporation lenders end bankruptcy proceedings
The lenders of Lavasa Corporation, a hillside township near Pune, have terminated bankruptcy proceedings against the company as they did not receive good bids for the bad debts or the company which amounts to Rs 7,700 crore. The lenders will invite fresh bids.
Lavasa Corporation, a subsidiary of HCC, was sent for bankruptcy proceedings in 2018 and has already missed deadlines prescribed in the Insolvency and Bankruptcy Code
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