balraj joshi

NCLT Approves NHPC’s Bid for Lanco Teesta Hydro Power

NHPC Limited is a mini-ratna company under Ministry of Power and this is the first time that a state run company has bagged a project under IBC. The Original bid of Rs. 907 crore was initially approved by the Committee of Creditors (CoC) of Lanco Teesta Hydro Power with 100% vote and the present bid amount of Rs. 897.50 crores takes into consideration the theft occurring at site was approved by 97.34% vote.