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The National Company Law Tribunal (NCLT) approved a resolution plan for Lanco Solar Energy submitted by the consortium of Jitender Vir Singh (JVS) and Derit Infrastructure, almost four years after the company was ordered to undergo the corporate insolvency resolution process (CIRP).
Lanco Solar’s lenders earlier approved the resolution plan submitted by the JVS-Derit Infra consortium with a 95.62 percent vote share. The consortium has acquired and turned around 30 megawatts of stressed solar energy projects and…
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