Lenders to Syska, once a leading name in LED production, have raised concerns over the validity of some of the bids due to the absence of formal board authorisation. Syska LED has admitted claims of around ₹226 crore. HDFC Bank, "Four resolution applicants have shown interest for Syska LED, which has admitted claims of about ₹226 crore," said a source. "Documents have been shared electronically, but there is no board-approved authorisation from one of the bidders," said the source. "At this stage, this i ...