Lavasa

Supreme Court issues notice on plea challenging Lavasa land purchase

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

Darwin Platform Infrastructure wins financial bid for Lavasa Corporation

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

Mumbai's Darwin Platform Infra Ltd wins bid for Pune's Lavasa city

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

Smart-city Lavasa receives two new bids offering Rs 25 crore upfront

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

Top headlines: OMCs pay high excise; CoalMin aims for asset monetisation

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

Lenders terminate bankruptcy proceedings against Lavasa Corporation

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

Banks to send more cases to bankruptcy courts even as old ones lie stagnant

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

Interups says it has Rs 13,500 cr ready for Air India, can invest billions

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

Top headlines: Lavasa to go for liquidation, Urban Company gears up for IPO

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

Lavasa may go for liquidation: Lenders didn't get even Rs 5-cr upfront cash

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

Lavasa hill city hits dirt; lenders may send company to liquidation

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

Suitors opting out of race for Lavasa over fall in realty prices

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

SBI seeks new consolidated transaction review, forensic audit of Lavasa

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

SBI seeks new consolidated transaction review, forensic audit of Lavasa

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

Lenders to seek fresh bids for Lavasa Corp in debt resolution reset

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

New York's Interups plans to acquire assets worth $8 billion in India

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

Oberoi Realty, US-based fund Interups to bid for cash-strapped Lavasa

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.

Lavasa CoC rejects bids of Haldiram, Deshpande; seeks more time from 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

Haldiram, 2 others in race to buy out Lavasa for about Rs 2,046 cr

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

Working under Jaitley was great learning experience: Ex-finance secy Lavasa

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.