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Union Bank: Lavasa creditors invoke Darwin Platform Infrastructure's guarantee, ET RealEstate

Union Bank: 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. ....

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Lavasa creditors invoke DPIL's guarantee

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. ....

Shailesh Verma , National Company Law Tribunal , Creditors To Lavasa Corp , National Company Law Appellate Tribunal , Union Bank , Axis Bank , Lavasa Corp , Darwin Platform Infrastructure , State Bank ,

Bankruptcy: Lavasa Revival Needs Fresh Thinking and End to Delays Caused by Public Sector Banks

Even as increasingly affluent Indians desperately hunt for holiday destinations, Lavasa City, India’s first planned, private hill station lies in a shambles. Nestling in the majestic Western Ghats and styled on the lines of the Italian town of Portofino, the township is spread across 12,500 acres. ....

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NCLAT admits SBI plea against Lavasa Corporation resolution, Real Estate News, ET RealEstate

This is the second bank objection to the loan default resolution of Lavasa Corporation, billed as the first private hill town project to be built since Independence. ....

Shailesh Verma , Supreme Court , Lavasa Corporation , National Company Law Appellate Tribunal , Union Bank , State Bank , Darwin Platform Infrastructure , Bankruptcy Code , Rainbow Papers , Lavasa Smart City , Darwin Platform Infrastructure , Lavasa Corporation , Avasa Corporation Insolvency ,

NCLAT admits SBI plea against Lavasa Resolution

This is the second bank objection to the loan default resolution of Lavasa Corporation, billed as the first private hill town project to be built since Independence. It comes almost two years after creditors approved the plan overwhelmingly in December 2021 and months after the NCLT gave its nod in July this year. ....

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