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Sitting on the pretty Mulshi valley of the Sahyadri mountains in the Western Ghats, about 180 km away from Mumbai, Lavasa covers a massive area of 20,000 acres.
Indian businessman Ajay Harinath Singh's Darwin Platform Infrastructure has also participated in the bidding process to acquire Anil Ambani's Reliance Capital
In 2022, Ajay Harinath Singh had also joined the race to buy debt-ridden Anil Ambani firm Reliance Capital. His company will now revive Lavasa.
Get latest articles and stories on Latest News at LatestLY. The National Company Law Tribunal has approved a Rs 1,814 crore resolution plan for the private hill station Lavasa, nearly five years after the initiation of the insolvency resolution process. Latest News | NCLT Approves Rs 1,814 Cr Resolution Plan for Lavasa; Darwin Platform Winning Bidder.
Darwin Platform Infrastructure Ltd (DPIL) has emerged as the winning bidder for Lavasa Corporation Ltd, which is primarily into the business of the development of the private hill station by the same name in Pune. In a 25-page order passed on Friday, the tribunal cleared the resolution plan at an investment of Rs 1,814 crore.