Statkraft’s resolution for Lanco Mandakini gets NCLT nod
Mumbai: An Indian bankruptcy court has approved Europe’s largest renewable energy company Statkraft’s resolution plan for Lanco Mandakini Hydro Energy.
Lenders including Punjab National Bank, Canara Bank, Bank of Baroda and Axis Bank will recover ₹180 crore against the secured financial creditors’ claim of ₹1,311 crore, entailing a 14% recovery on the sale.
