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Lavasa homebuyers file plea at NCLAT against resolutionHomebuyers of Lavasa, India's first privately built hill town, have filed a fresh appeal. They allege serious flaws in the resolution plan ...- Creditors back Welspun-Ashdan for Lavasa takeover with 92% voteCreditors have chosen the Welspun-Ashdan consortium to acquire India's first private hill town, Lavasa Corp. The project faced administrati...
- Bankruptcy court clears Ashdan Properties’ acquisition of military-focused Rolta IndiaThe National Company Law Tribunal has approved Ashdan Properties' acquisition of Rolta India. Rolta India faced liabilities exceeding Rs 14...
- Axis Bank puts ₹511-crore Lavasa Corp debt on saleReserve price has been set at ₹80 cr. Other lenders are weighing the future as litigations continue to delay bankruptcy resolution.
- Valor Estate may also move NCLT to revise Lavasa offerValor Estate is likely to petition the NCLT to revise its resolution plan for Lavasa Corp, following Welspun-Ashdan consortium being permit...
- All Lavasa suitors raise offers in third round; Valor Estates leadsThe competition for Lavasa Corp intensifies as Valor Estates, Welspun-Ashdan combine, and Yogayatan Group raise their bids. Valor Estates l...
- Welspun bids the most for Lavasa Corporation; Lodha Developers, Jindal Steel and Power Group in fray, tooLavasa Corporation, India's first private hill town project, is up for sale again. Creditors aim to recover their dues. Six takeover bids h...
- Ashdan, Yash Shares in a duel to acquire Rolta IndiaLenders prepare to vote on revised bids for Rolta India to choose the buyer, with Ashdan leading despite challenges. The company's debt amo...
- NCLT approves Chemhub's resolution plan for Pancard ClubsChemhub Tradelink's plan for Pancard Clubs, approved by NCLT, involves Rs 8,900 crore debt claims with 8% recovery for creditors. The resol...
- Ashdan properties leads race to acquire Rolta IndiaAshdan made a ₹850-crore cash offer to creditors, beating bids by Patanjali and MGN, following which the committee of creditors (CoC) decid...
- Patanjali's late bid for Rolta spurs more to join the raceWelspun Group's MGN Agro Properties and Mumbai-based B-Right Real Estate have successfully petitioned the NCLT to also submit bids. In fact...
- NCLT allows rebids in Rolta, opens door for PatanjaliPatanjali had pleaded with the NCLT to consider its offer late last month. Rolta is a defence focussed software company which was admitted ...
- NCLT dismisses plea against Pancard Clubs resolution planThe National Company Law Tribunal (NCLT) dismissed Ashdan Properties' petition against Chemhub Tradelink's approved resolution plan for Pan...
- Patanjali enters race with all-cash offer of ₹830 crore to acquire Rolta IndiaPatanjali Ayurved has made a late bid to acquire debt-laden Rolta India with an all-cash offer of approximately ₹830 crore. This bid comes ...
- Pune realtor Ashdan's bid tops 8 offers for debt of Rolta IndiaPune-based real estate developer Ashdan Properties emerges as the highest bidder to take over the ₹14,000 crore debt of Rolta India with a ...
- Nine bidders submit plans for Rolta India which owes Rs 14,000 crorePeople aware of the development told ET that resolution plans have come from Rashmi Metaliks, United Biotech, Real Value Infotech Projects,...
- Pancard Clubs gets three firm offers for ₹5,034-cr debtThe company, which develops and operates hotels and resorts, is undergoing an in-court resolution process and more than 1.5 million financi...
- NCLT approves Ashdan Developers’ resolution plan for D S Kulkarni DevelopersThe National Company Law Tribunal has approved a consortium led by Ashdan Developers for the resolution plan of D S Kulkarni Developers. Th...
- KGK Realty takeover of Anudan Properties gets NCLT approvalKGK Realty (India) has been granted permission by India's bankruptcy court to acquire Anudan Properties after the Committee of Creditors ap...
- Mantra Properties, Ashdan Developers in final race to acquire DS Kulkarni under insolvency processWhile Mantra Properties has bid Rs 880 crore, Ashdan Developers has bid Rs 827 crore in the third revision of their plans to acquire the de...
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