The Reserve Bank has directed this bank to start insolvency for Lanco – InterviewSolution

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1.	The Reserve Bank has directed this bank to start insolvency for Lanco Infra.
Answer» Reserve Bank has directed IDBI Bank to start insolvency for Lanco Infra under the Insolvency and Bankruptcy Code (IBC). The company is among 12 firms identified by the central bank with a combined debt of over Rs 1,50,000 crore, a quarter of the total NPAs, for proceedings under the newly enacted Insolvency and Bankruptcy Code, 2016.

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