India, Nov. 7 -- India Ratings and Research (Ind-Ra) has migrated the ratings of Lava International Limited to the non-cooperating category as per Ind Ra's policy on Issuer Non-Cooperation, following non-submission of no default statement continuously for three months despite continuous requests and follow-ups by the agency along with Ind-Ra's inability to validate timely debt servicing through other sources it considers reliable. A no default statement in the format prescribed by the Securities and Exchange Board of India (SEBI) is required to be shared by the issuer every month as a confirmation that all financial obligations are being serviced on time. Investors and other users are advised to take appropriate caution while using these ra...