NCLT allows Lotus Auto liquidator’s petition to sell company as a going concern - Business News: Latest News & Videos about market and economy | Trendmergers

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NCLT allows Lotus Auto liquidator’s petition to sell company as a going concern

Lotus Auto is a manufacturer of cast iron and cast iron components and has a manufacturing facility in Bhiwadi, Rajasthan. The company owes over Rs 550 crore to its lenders and Kolkata-based Deepak Industries has paid about Rs 38 crore to acquire the company in the auction.

from Industry-Economic Times
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