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LAVASA RESOLUTION
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 ...- 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 ...
- 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...
- 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...
- 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 ...
- 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...
- 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...
- 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...
- Auditor raises doubts on Lavasa’s ability to continue operations; HCC falls 25%HCC shares ended 25 per cent lower at Rs 17.55 on Thursday — its biggest intraday percentage loss since October 24, 2008.
- Banking Act amendments to help resolve NPAs: Ashok LavasaThe amendments would enable regulator Reserve Bank and lenders to take effective steps to deal with problem of NPAs, said Ashok Lavasa.
- Ministry of Environment and Forest to pass final order in Lavasa case in 3-weeks, HC toldThe Ministry of Environment and Forest informed the Bombay HC that it would pass its final order in the Lavasa case within three weeks.
- Lavasa not ready to accept conditions imposed by Ministry of Environment and Forests for hill cityLavasa Corp told the Bombay HC that it cannot accept the MoEF preconditions as doing so would "tantamount to admission of guilt when there ...
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