May 3, 2018 / 10:16 AM / 6 months ago

BRIEF-Lanco Infratech Says Did Not Get Committee Of Creditors' Nod for Resolution Plan

May 3 (Reuters) - Lanco Infratech Ltd:

* RESOLUTION PLAN SUBMITTED BY THRIVENI EARTHMOVERS WAS PRESENTED BY RESOLUTION PROFESSIONAL FOR APPROVAL OF COMMITTEE OF CREDITORS

* SAYS ON ACCOUNT OF LESS THAN 75 PERCENT OF VOTES BEING CAST IN FAVOR, APPROVAL OF COC COULD NOT BE OBTAINED

* AS CORPORATE INSOLVENCY RESOLUTION PERIOD EXPIRES ON MAY 4, APPLICATION BEING FILED FOR CO'S LIQUIDATION OR ANY OTHER DIRECTION Source text: bit.ly/2jqvorM Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below