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Appointment of CA Parveen Bansal as RP of Lanco Thermal Power Ltd.

AAA Insolvency Professionals LLP (AAAIP) is pleased to announce that the appointment of CA Parveen Bansal as resolution professional of Lanco Thermal Power Limited, has been approved by the Committee of Creditors through e-voting concluded on 13-06-2019. Committee of Creditors comprises of 20 banks and financial institutions having clams of more than Rs. 24,000 crores. Apart from the direct investment in a 10MW hydro plant located in Himachal Pradesh, Lanco Thermal have made investments in six power plants through its subsidiaries and associated companies.

CA Parveen Bansal is a designated partner of AAA Insolvency Professionals LLP (“AAAIP”). AAAIP has evolved to become the largest Insolvency Professional Entity (IPE) of India having reputed partners spread across the country.

About CA Parveen Bansal

CA Parveen Bansal is a Chartered Accountant, insolvency professional. He has mixed experience of about 34 years working in industries, audit firm and professional practice. He has industry exposure of manufacturing, trading, real estate companies, ARC.

He has managed 4 assignments relating to corporate insolvency out of which 2 cases has been resolved with the recovery of more than 50%. Other 2 assignments, which includes 1 assignment with zero assets are near completion for liquidation. In 1 assignment, textile factory, which was lying closed for more than 4 years, after the resolution of dues of 250 workers has already resumed production.

About AAA Insolvency Professionals LLP (AAAIP)

AAAIP is the 2nd IBBI recognized Insolvency Professional Entity. Under the guidance of CA Anil Goel, founder and chairman of AAAIP, AAAIP has grown as the largest Insolvency Professional Entity of India with 34 partners spread across India and have accumulated experience of more than 59 live cases of Corporate Insolvency Resolution Process / Liquidation. IPE have more than 250+ human resources spread across 52 cities of the country. Currently, IPE has an experience of handling corporate insolvency process of 5 power projects.

AAA Insolvency Professionals offices across the India  AAAIP has a corporate office in New Delhi, have offices across India including Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad, Kochi, Ahmedabad, Raipur, Bhubaneswar, Ludhiana, Ranchi, Nagpur.


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