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NCLT approves Kalyan Toll s resolution plan for Lanco Hoskote Highway SECTIONS Share Synopsis The National Company Law Tribunal (NCLT) has approved the Rs 201.89 crore resolution plan proposed by Kalyan group firm Kalyan Toll Infrastructure for the Lanco group’s Bengaluru-Hoskote-Mulbagal toll road project. The National Company Law Tribunal (NCLT) has approved the Rs 201.89 crore resolution plan proposed by Kalyan group firm Kalyan Toll Infrastructure for the Lanco group’s Bengaluru-Hoskote-Mulbagal toll road project. The Lanco Hoskote Highway L (LHHL) project will be the first national highway asset to change hands through the corporate insolvency resolution process mechanism. The tribunal’s Hyderabad bench has approved the proposal submitted to it by the company’s committee of creditors comprising State Bank of India and Edelweiss Asset Reconstruction Company. It includes an upfront payment as well as deferred payments till March 2022. The Indore-based Kalyan group h

Andhra pradeshRaghu babu gunturuLanco infratechNational company law tribunalAuthority of indiaEdelweiss asset reconstruction companyKalyan toll infrastructureState bankEdelweiss asset reconstructionIndore based kalyanNational highway authorityNational highway authority of indiaஆந்திரா பிரதேஷ்ரகு பாபு குண்டுருலான்கோ இன்ப்றதேச்தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம்