Searched for
LAVASA BANKRUPTCY
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.
- Welspun moves NCLT against Lavasa's top bidder ValorThe interlocutory application, filed through a Welspun subsidiary, also highlighted links between Valor's promoters and another defaulting ...
- Yogayatan knocks on NCLT's doors over lenders' decision to allow revised bids for LavasaYogayatan Group has filed a petition with the NCLT, opposing the lenders' decision to allow revised resolution plans for Lavasa Corp after ...
- 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...
- 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...
- 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...
- 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, ...
- 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 ...
- 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...
- 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...
- Lavasa creditors start voting on two resolution proposalsValuers had pegged Rs 4,000 crore as liquidation value of the country’s first privately developed township when it was admitted for insolve...
- Bankers to make last-ditch attempt to get more cash from Lavasa's biddersThree bids were received for the stuck project until the deadline of November 20 including one from a Pune-based realty developer Anirudh D...
- Committee of Creditors to mull, finalize Lavasa takeover bids on MondayLast year a consortium led by Haldiram Snacks and two property developers, namely Pioneer Facor IT Infradevelopers and Sanar Property had e...
- 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...
- Billionaire Ajit Gulabchand's folly Lavasa turns into a nightmare for Indian bankersLavasa is a symbol of the excesses gripping the world’s second most-populous nation. It now faces what may be its final reckoning.
- HCC tanks 15% as Lavasa may file for bankruptcyAt 11:44 am, shares of the company were trading 12.80 per cent lower at Rs 25.20.
Load More
