Searched for
LAVASA CREDITORS
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.
- 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...
- 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 ...
- 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...
- 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...
- 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...
- 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...
- Two new bidders for LavasaTwo bids from Alchemist ARC president Srishti Dhir along with her brother Madhav Dhir and little known Darwin Projects are being considered...
- 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...
- 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...
Load More
