A bankruptcy court in Mumbai has granted a 90-day extension for Lavasa Corporation's revival process. The company is undergoing a fresh ins...

Lavasa, a hillside resort project near Mumbai, has faced setbacks for nearly 25 years. With only 5,000 residents and $1 bn in liabilities, ...

The Mumbai bench of the National Company Law Tribunal has allowed secured creditors to restart the Corporate Insolvency Resolution Process ...

Creditors invoked a guarantee due to CIRP non-compliance, halting the Lavasa project. Legal battles continue as lenders lose confidence in ...

The public sector lender contended for maximisation of the assets and submitted if a fresh process and fresh valuation were done, Lavasa Co...

This is the second bank objection to the loan default resolution of Lavasa Corporation, billed as the first private hill town project to be...

"In spite of clear directions from this Tribunal to place the modified or fresh resolution plan before the consolidated CoC (committee of c...

Darwin Platform Infrastructure Ltd (DPIL) has emerged as the winning bidder for Lavasa Corporation Ltd, which is primarily into the busines...

The Mumbai bench of the National Company Law Tribunal (NCLT) Friday approved a revised and improved resolution plan submitted by Darwin Pla...

While passing the order, an NCLT division bench comprising Justice Shyam Babu Gautam and P N Deshmukh relied on the Supreme Court’s order o...

The homebuyers, in their petition, had sought the tribunal's intervention to declare the resolution plan submitted by Darwin Platform Infra...

Valuers had pegged Rs 4,000 crore as liquidation value of the country’s first privately developed township when it was admitted for insolve...

Two bids from Alchemist ARC president Srishti Dhir along with her brother Madhav Dhir and little known Darwin Projects are being considered...

Three bids were received for the stuck project until the deadline of November 20 including one from a Pune-based realty developer Anirudh D...

Last year a consortium led by Haldiram Snacks and two property developers, namely Pioneer Facor IT Infradevelopers and Sanar Property had e...

“Any standalone resolution does not seem to be possible and would therefore defeat the objective of the code (Insolvency and Bankruptcy Cod...

The ruling also assumes significance as this is the only order passed by the authority against Lavasa before the NCLT admitted a plea filed...