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DARWIN PLATFORM INFRASTRUCTURE
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 ...- 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.
- Mumbai-based Yogayatan Group raises bid for Lavasa, emerges as top bidderYogayatan Group has emerged as the highest bidder for the debt-laden Lavasa Corporation, increasing its bid to Rs 795 crore. This surpasses...
- Mumbai NCLT allows 90-day extension of insolvency resolution for Lavasa CorpThe Mumbai bench of NCLT has granted a 90-day extension for Lavasa Corp's CIRP, starting May 29, after a previous bidder failed to implemen...
- Bankruptcy court allows 90 days extension to revive Lavasa CorporationA bankruptcy court in Mumbai has granted a 90-day extension for Lavasa Corporation's revival process. The company is undergoing a fresh ins...
- Authum, Kotak, others file bids for Lavasa CorporationCreditors have extended the timeline to submit expressions of interest to October 24 after requests from three more parties. Creditors have...
- Bankruptcy court directs to restart Lavasa insolvency process, excludes delayed timelineThe Mumbai bench of the National Company Law Tribunal has allowed secured creditors to restart the Corporate Insolvency Resolution Process ...
- Lavasa creditors invoke DPIL's guaranteeCreditors invoked a guarantee due to CIRP non-compliance, halting the Lavasa project. Legal battles continue as lenders lose confidence in ...
- NCLAT rejects Union Bank's plea to oppose Darwin Platform Group's bid for Lavasa CorpThe public sector lender contended for maximisation of the assets and submitted if a fresh process and fresh valuation were done, Lavasa Co...
- NCLAT admits SBI plea against Lavasa ResolutionThis is the second bank objection to the loan default resolution of Lavasa Corporation, billed as the first private hill town project to be...
- Union Bank contests NCLT-approved plan for Lavasa Corp, seeks revocation"In spite of clear directions from this Tribunal to place the modified or fresh resolution plan before the consolidated CoC (committee of c...
- Litigation funding firm LegalPay closes interim financing bond of Rs 12 croreThe tech-based fintech firm, which also invests in commercial litigations and insolvent companies, said that the first-of-its-kind bonds ar...
- How the dream of an idyllic private hill city took shape — and then crashed into realityLavasa, India's first new hill station since the end of British colonial rule, has been given a new lease of life. After being partially bu...
- NCLT approves Rs 1,814 cr resolution plan for Lavasa; Darwin Platform winning bidderDarwin Platform Infrastructure Ltd (DPIL) has emerged as the winning bidder for Lavasa Corporation Ltd, which is primarily into the busines...
- Bankruptcy court approves Darwin Platform's resolution plan for Lavasa CorporationThe Mumbai bench of the National Company Law Tribunal (NCLT) Friday approved a revised and improved resolution plan submitted by Darwin Pla...
- Bankrupt, stressed realty projects on investors’ radarDespite the challenge of insolvency, these companies and their projects are still finding good interest from investors given the presence o...
- NCLT directs Lavasa lenders to distribute sale proceeds equitablyWhile passing the order, an NCLT division bench comprising Justice Shyam Babu Gautam and P N Deshmukh relied on the Supreme Court’s order o...
- NCLT dismisses homebuyers' petition to reject Lavasa insolvency resolution planThe homebuyers, in their petition, had sought the tribunal's intervention to declare the resolution plan submitted by Darwin Platform Infra...
- iMocha raises $14 million in funding led by Eight Roads VenturesThe company will use the funds to increase its skill library selection, reach more global enterprises, and widen its partnership base withi...
- Ajay Harinath Singh aligns Darwin Platform Group of Companies with government’s disinvestment plans, after Air India now submits bid for Shipping Corporation of IndiaExclusive Business Story Darwin in Race for Shipping Corporation of India
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