Informative

Geetanjali Sugar Consortium Wins Bid: NCLT Approves Rs. 185 Crore Revival Plan for Lokshakti Sugar

Update / Judgement Date

08 Aug 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Corporate Law & GovernanceInsolvency & Bankruptcy Code

The NCLT has approved a ₹185 crore revival plan for Lokshakti Sugar, with the Geetanjali Sugar consortium winning the bid. The court's decision is a significant step towards the resolution of the company's insolvency. The approval of the revival plan is a major victory for all stakeholders, including the creditors and employees.

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Geetanjali Sugar Consortium Wins Bid: NCLT Approves Rs. 185 Crore Revival Plan for Lokshakti Sugar

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