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LAVASA HOMEBUYERS
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...
- Lavasa set to go for rebids as creditors extend timelineCreditors of Lavasa Corporation are extending the resolution deadline after a late bid revision by Valor Estate. This decision allows all b...
- Valor emerges as top bidder for Lavasa with ₹771-crore offerValor Estate, formerly DB Realty, has emerged as the highest bidder for Lavasa Corporation with a ₹771.09 crore offer. This follows a frenz...
- India was ready to get a new hill station near Mumbai. But, it is now a ghost townLavasa, India's first planned private hill city near Pune, was envisioned as a European-style utopia with open promenades, waterfronts, and...
- 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...
- MahaRERA flags 314 housing projects under insolvency, cautions homebuyersMahaRERA has warned homebuyers against purchasing properties in 314 projects undergoing insolvency proceedings. Significant investments hav...
- Lavasa creditors set eligibility floor to begin resolution 2.0Creditors of Lavasa Corp, India's first private hill town project, have set new eligibility criteria for prospective bidders after a failed...
- Lavasa city: India’s elite homeowners are now slumdog millionairesLavasa, a hillside resort project near Mumbai, has faced setbacks for nearly 25 years. With only 5,000 residents and $1 bn in liabilities, ...
- 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...
- MahaRERA cautions homebuyers against 308 projects facing insolvency proceedingsThe Maharashtra Real Estate Regulatory Authority (MahaRERA) has alerted homebuyers to over 308 real estate projects that are under insolven...
- 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...
- NCLT allows consolidation of Lavasa Corporation’s subsidiaries for faster resolution“Any standalone resolution does not seem to be possible and would therefore defeat the objective of the code (Insolvency and Bankruptcy Cod...
- With no serious contenders, Lavasa extends deadline to bidIt has written off Rs 1,046 crore, or its entire exposure, to Lavasa Corporation.
- Realtors can’t use force majeure clause for lack of approvals, financial woes: Maharashtra RERAThe ruling also assumes significance as this is the only order passed by the authority against Lavasa before the NCLT admitted a plea filed...
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