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...
10 Jun, 2025, 12.52 AM IST
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...
05 Mar, 2025, 03.27 PM IST
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...
17 Oct, 2024, 06.24 AM IST
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 ...
06 Sep, 2024, 08.55 PM IST
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 ...
22 Apr, 2024, 12.31 AM IST
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...
10 Jan, 2024, 09.10 PM IST
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...
23 Nov, 2023, 11.57 PM IST
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...
05 Oct, 2023, 06.01 AM IST
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...
12 Sep, 2023, 02.13 PM IST
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...
25 Jul, 2023, 05.41 PM IST
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...
22 Jul, 2023, 04.01 PM IST
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...
21 Jul, 2023, 08.14 PM IST
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...
20 Mar, 2023, 11.05 AM IST
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...
10 Feb, 2023, 02.43 PM IST
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...
05 Oct, 2022, 12.08 PM IST
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...
27 Jan, 2022, 03.35 PM IST
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
15 Apr, 2021, 12.14 PM IST