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LML declares itself sick

Another heads up to 2strokebuzz.

Stella/Vitto manufacturer LML Ltd. has, apparently, basically declared itself bankrupt and has decided to approach a government agency regarding financial reconstruction.

Dogged by prolonged lockout of its manufacturing unit and inability to make a turnaround, Kanpur-based two-wheeler manufacturer LML Ltd on Friday declared itself a sick unit and decided to approach the Board for Industrial and Financial Reconstruction (BIFR).

Read the entire article here.

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