LAVASA CORP

Creditors invoked a guarantee due to CIRP non-compliance, halting the Lavasa project. Legal battles continue as lenders lose confidence in the resolution applicant. NCLT and NCLAT petitions are pending, with DPIL seeking more time.

The public sector lender contended for maximisation of the assets and submitted if a fresh process and fresh valuation were done, Lavasa Corporation would achieve more value.

"In spite of clear directions from this Tribunal to place the modified or fresh resolution plan before the consolidated CoC (committee of creditors) for their consideration, the respondent no 1 (Verma) with malafide intention and in connivance with ...

The Mumbai bench of the National Company Law Tribunal (NCLT) Friday approved a revised and improved resolution plan submitted by Darwin Platform Infrastructure for the revival of Lavasa Corp., which was formed to build India’s first modern hill town...

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has alerted homebuyers to over 308 real estate projects that are under insolvency or bankruptcy proceedings in key property markets including Mumbai, Navi Mumbai Thane, Pune, and rest of Ma...

At 11:44 am, shares of the company were trading 12.80 per cent lower at Rs 25.20.

Capri Global, which facilitated Lavasa Corporation's fundraising of around Rs 200 crore in 2008, moved the court saying the subsidiary of Hindustan Construction Company was yet to pay a part of its total fees.

In an interview with ET Now, Ajit Gulabchand, Managing Director, of Hindustan Construction Company, shares his business ideas.'This has been a healthy year for order intake'

Lavasa Corp, a subsidiary of Ajit Gulabchand’s Hindustan Construction Company, has been unable to pay its employees on time, and dozens of staffers have been asked to go. The company had announced plans to build a smart city over a decade ago, but t...

The company, which was supposed to launch the initial public offer (IPO) for Lavasa last fiscal, had shelved its plans citing unfavourable market conditions.

Going by the number of applications submitted to the regulator, there could be at least one IPO a week, with a total of Rs 25,000 crore being raised.

The S&P BSE Sensex rallied as much as 120 points in trade on Tuesday, led by gains in HDFC, HDFC Bank, ICICI Bank, L&T and TCS.

PMO has directed CIL to sign FSAs with power plants that have long & medium-term sale arrangements with states and power trading companies.

The report criticises the Lavasa project for receiving alleged undue favours. 'The state decided to develop the area without publicity or expressions of interest' the report said.

The lenders as part of the exercise will replace the existing debt with fresh debt but the interest rate is likely to remain the same.

Investors are refusing to touch infrastructure companies with a barge pole, fearing a wipeout after most of these stocks crashed.

Days after two tribals from Pune district filed a petition in HC challenging a Govt notification which empowers Lavasa to act as a special planning authority.

HCC has discontinued three verticals - thermal power, ports and hydrocarbons - that were started nearly a year ago. The thinking at that time was that big business could be generated in these sectors.

Lavasa Corporation has moved the Bombay High Court against the show-cause notice served by the Ministry of Environment and Forests.