Board meet was slated for August 11
Hyderabad, Aug 15:
With the suspension of powers of the board of directors of Lanco Infratech Limited under the insolvency resolution proceedings, the results of the company will be submitted by Savan Godiawala, who has been appointed as the interim resolution professional.
The company had earlier informed the stock exchanges that the company board of directors would meet on August 11 to finalise first quarter results.
This development comes in the backdrop of the National Company Law Tribunal, Hyderabad branch initiating the Corporate Insolvency Proceedings (CIRP) as per the provisions under the Insolvency and Bankruptcy Code, 2016. On August 7, based on the application fi…
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