The move comes after NCLT on August 27 ordered the liquidation of the company.

According to a regulatory filing by Lanco, Employee Welfare Association of Lanco also filed a petition before the tribunal seeking to know ...

The CoC could not examine the revised plan from the Tamil Nadu-based firm it received it on May 2, just two days before the deadline to com...

The additional provisioning to eat into banks’ profits by around 25 per cent in FY18.

Around 80 per cent of this outstanding loan is secured, it said in an exchange filing made before the start of the trading today.

IDBI bank has fund-based exposure of Rs 7,799 crore & non-fund based exposure of Rs 3,349 crore as on March 2016, while overall dues are ov...

The first set of six troubled accounts are Bhushan Steel, Essar Steel, Bhusan Power and Steel, Alok Industries, Amtek Auto and Monnet Ispat...

The filing was in response to clarification sought by the bourses on a news item which said that OPG power ventures may buy out Lanco's Ama...

"We have invoked strategic debt restructuring (SDR) in the case of Vishwa Infra after the CDR failed,"a banker involved with the matter sai...

The measure, which gives bankers an upper hand against truant borrowers, is aimed at helping lenders find buyers for stressed assets.

The infra major has also sought similar reprieve from lenders for some of its power plants under Reserve Bank of India's 5/25 formula.

A formal announcement is due anytime now. Official queries to both Adani Power and Lanco remained unanswered at the time of going to press.

Last August, Gautam Adani had outsmarted Sajjan Jindal at the last minute to buy Lanco’s flagship imported coal-fired project.

Twenty five lenders, both public and private , have secured an option to gain control over Lanco Infra following a corporate debt restructu...

Banks have told Lanco that all its group companies must opt for loan recast if they have to bail out the holding company Lanco Infratech.

Brokerages are of the view that stocks in PSU space, capital goods are likely to be impacted by SEB debt restructuring.

Investors are refusing to touch infrastructure companies with a barge pole, fearing a wipeout after most of these stocks crashed.