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Supreme Court breather to Lanco Infratech
In a major relief to Lanco Infratech Limited (LIL), the Supreme Court passed orders on Tuesday staying the orders of the Wakf Tribunal and also a division bench of Andhra Pradesh (AP) High Court which prevented LIL from selling the properties in its township to third parties. LIL is developing a 100-acre integrated township called ‘Lanco Hills’ at Manikonda here at a cost of about Rs 5,000