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Lakshya had earlier lost in the semifinals to reigning world junior champion Hu Zhe’an of China, going down 19-21 19-21 in a closely contested match on Saturday.
In the third place play-off, Lakshya started strong, taking a 6-1 lead, but Lanier fought back to level the score at 10-10, eventually gaining a one-point advantage at the interval.
However, Lakshya regained control to move ahead 18-15 and grabbed three game points before sealing the opening game when Lanier went wide.
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