Lavasa

The petitioners contended before the HC that the permission given for the allotment of the lands was illegal as they were politically influenced.

DPIL has proposed a payment plan and schedule that includes upfront payment (Rs 100 crore)

The Committee of Creditors of Lavasa Corporation voted and accepted a Rs 1,814-crore final Total Resolution Plan to revive the city

Lavasa, a subsidiary of Hindustan Construction Company (HCC), was sent for bankruptcy in 2018

Lavasa Corporation bankruptcy proceedings terminated by lenders to Corporate profits to GDP ratio at 10 years high. Top news this morning.

Lenders who have run up Rs 7,700 cr bad loans will call for fresh bids

Several roads, real estate and power companies are headed to the bankruptcy courts once the one-year ban imposed by the RBI lifts in the coming week

US based firm has $28 mn market cap, has already bid for several bankrupt firms in India such as Lavasa Corp, Asian Colour Coated Steel and Reliance Naval

Lenders to Lavasa Corporation, a bankrupt hill city near Pune, have been left disappointed as none of the bidders for the company submitted a viable financial plan

Originally set up by HCC in 2000, Lavasa was developed as a picturesque hill station near Pune.

Lavasa, a subsidiary of construction major HCC, has defaulted on bank loans worth Rs 7,700 crore

Haldiram, Oberoi Realty's plans hit; No pick up in demand expected in next 2-3 years

The new forensic audit was necessitated after the National Company Law Tribunal (NCLT) cleared a consolidated bankruptcy process of all Lavasa companies.

The new forensic audit was necessitated after the National Company Law Tribunal (NCLT) cleared a consolidated bankruptcy process of all Lavasa companies.

Lavasa and its subsidiaries defaulted on their debt obligations totalling about Rs 7,700 crore

If all the transactions conclude successfully, Interups said it would earn $80-$100 million in gross cash revenues, excluding any equity value earned

During the committee of creditors (CoC) meeting held in early January, the lenders had decided to place fresh expressions of interest (EoIs) before the NCLT.

Lenders expect the entire debt resolution process to be delayed further as the NCLT takes a call on a single debt resolution for Lavasa and its subsidiaries

Promoted by HCC, Lavasa was set up as a picturesque hill station near Pune in Maharashtra in 2000. It defaulted on Rs 4,150 crore in loans to banks

Election Commissioner Ashok Lavasa, who served as a finance secretary under former finance minister Arun Jaitley, on Saturday said working with him was a great learning experience. Condoling the demise of the former Union minister, he said Jaitley was an "affable minister, extremely sharp, sensible and sagacious". "Working with him as FS was a great learning experience. He was patient, pragmatic, positive, knowledgeable & a great raconteur. Rest In Peace;the deficit is unbridgeable Sir," Lavasa tweeted. He said it was a privilege to be a part of his team and be his finance secretary. "His leadership was never imposing as he led with his wit and charm. God bless his soul and may his legacy live on," the election commissioner wrote in his tweet. Jaitley, 66, died at AIIMS here on Saturday morning after being admitted on August 9 following complaints of breathlessness and restlessness.