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LAVASA DEBT
Asset which sits in the balance sheet for years without moving, then suddenly wipes out all profit in a single quarterThe most dangerous number on a balance sheet is not always the one that looks wrong. It is often the one that depends heavily on management...- 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.
- 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...
- 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...
- 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...
- What’s on the menu? Haldiram interest lifts stocks of debt-stressed HCC, KwalityOn October 10, PTI reported that Haldiram group emerged as the sole bidder for acquiring debt-ridden dairy firm Kwality.
- 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.
- Debt reduced to Rs 4000 cr from Rs 5000 cr since S4A implementation: Praveen Sood, HCCIn an exclusive interview to ET Now, Praveen Sood, Group CFO, HCC, said the company is in advance stages of restructuring Lavasa debt.
- ICICI Bank sells Rs 250 crore Lavasa NCDs to ArcilThe private sector lender had bought these NCDs at a coupon of 9 per cent per annum that is secured with the company’s 747 acres.
- RBI shatters Lavasa's debt recast hopesThe troubled real estate firm's efforts to escape the stigma of bad debt suffered a jolt with the RBI rejecting a request to confer infrast...
- Banks to classify loans granted to Lavasa Corporation as infrastructure loansRBI likely to allow the reclassification, enabling the company to approach debt restructuring cell.
- CARE downgrades Lavasa to default categoryRating agency Care has downgraded rating of Lavasa Corporation to default category following its delay in payment of loans to banks.
- Rising interest outgo, input costs make life tough for Hindustan Construction CompanyHigh debt and deteriorating working capital requirements would continue to drag down the company’s profitability in the near term.
- Lavasa has nothing to do with LIC Housing: HCCHindustan Construction Company on Friday said its subsidiary Lavasa has nothing to do with LIC Housing Finance as it has not taken any loan...
- Lavasa plans Rs 2000 cr IPO to fund new township projectLavasa Corporation plans to raise Rs 2,000 crore through an initial share sale by November to fund construction of a township near Pune in ...
- HCC defers plans to launch IPO of Lavasa CorporationConstruction major HCC's group company Lavasa Corporation, which is developing an ambitious Rs 30,000-crore hill city project here, has def...
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