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NPA crisis: Lanco Infra first among 'big 12' to face bankruptcy action, IDBI initiates proceedings
IDBI Bank is learnt to have decided to recover its dues by taking the resolution to insolvency courts. The development follows a meeting of bankers that began on Monday to chart out the final course of action against loan defaulters. Bank officials met to decide on six of the 12 bad loan accounts for immediate referral to NCLT after the RBI named the largest defaulters to face bankruptcy proceedings.
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