Griffin

Three other Indian banks also put money on the table for the acquisition of the Griffin Coal mine by Lanco, which went bankrupt. The loans turned bad in 2017 and ICICI Bank is learned to have fully provided for the losses in FY18.

Akasa Air signs contract with Griffin for sale, leaseback of 5 Boeing 737 Max aircraft

Under sale and leaseback model, the airline sells its planes to a leasing company and then leases them back. This frees up the cash that the airline has spent in buying the aircraft.

Lanco gets nod to revise coal agreement with Griffin: CEO

Nagaprasad Kandimalla, CEO, business development at Lanco Infra, says that the court has issue an order in favour of Lanco to revise coal supply agreement with Griffin Coal Mining Company. He also says that the litigation is still on with Perdaman.

Will come clean in legal tussle with Perdaman: Lanco

Speaking to CNBC-TV18, J Suresh Kumar, chief financial officer of Lanco Group says that he is confident that Lanco Infratech will come clean in the legal tussle against Perdaman Chemicals over the coal supply pact.

Lanco 'not entitled to terminate deal', says Perdaman

Griffin, Lanco's purchase from an economic interest has terminated its coal supply agreement with Australian company, Perdaman. However, in an interview to CNBC-TV18 on the latest development, Vikas Rambal, chairman and managing director of Perdaman Chemicals says Griffin's termination of the supply contract is illegal.

Lanco Infra arm terminates coal supply pact

Lanco Infratech arm Griffin has terminated coal supply pact with Perdaman, reports CNBC-TV18. It touched an intraday high of Rs 17.05 and an intraday low of Rs 16.15. At 15:09 hrs the share was quoting at Rs 16.95, up Rs 0.80, or 4.95%.

Lanco Infra's conduct a risk to our project: Perdaman Chem

Andreas Walewski, director (corporate) of Perdaman Chemicals told CNBC-TV18 that Lanco's conduct posed a risk to their project going ahead which led them to take such a step to protect their legal position.