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Indian businessman Ajay Harinath Singh's Darwin Platform Infrastructure has also participated in the bidding process to acquire Anil Ambani's Reliance Capital
Lavasa, India's first new hill station since the end of British colonial rule, has been given a new lease of life. After being partially built and facing environmental and regulatory issues, the National Company Law Tribunal has approved a resolution plan, with Darwin Platform Infrastructure winning the bidding to build the city. Lavasa, originally the dream project of Ajit Gulabchand, will be delivered to homebuyers within five years of receiving environmental clearance, with actual future construction costs being payable to Darwin.
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.
Lavasa: India's first private hill station
The National Company Law Tribunal (NCLT), Mumbai has approved a revised resolution plan submitted by Darwin Platform Infrastructure to revive Lavasa Corporation.