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Pune-based Ashdan Properties's bid tops eight offers for debt of Rolta India, ET RealEstate

Ashdan s bid beat eight other bidders including data centre company Cyfuture India and Jai Corp vice chairman Virendra Jain among others after creditors scrutinised the value of bids received. ....

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debt of Rolta India: Pune realtor Ashdan's bid tops 8 offers for debt of Rolta India

Pune-based real estate developer Ashdan Properties emerges as the highest bidder to take over the ₹14,000 crore debt of Rolta India with a bid valued at close to ₹760 crore on a net present value (NPV) basis. The bid beats eight other bidders including data centre company Cyfuture India and Jai Corp vice chairman Virendra Jain. ....

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Bombay High Court Directs Airforce To Reconsider NOC Revalidation Request For Residential Project Near IAF Airfield And NDA Aerodrome In Pune

Observing that the No Objection Certificate (NOC) was granted for the construction and not the builder, the Bombay High Court directed the Indian Airforce authorities to reconsider a builder’s. ....

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NCLT approves Ashdan Developers' resolution plan for D S Kulkarni Developers, ET RealEstate

D S Kulkarni Developers: Apart from Ashdan Properties, the consortium also includes Classic Promoters & Builders and Atul Builders. The resolution professional had received three bids for the resolution from entities including Mantra Properties & Developers and Hemendra Shah-led consortium. ....

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d s kulkarni developers: NCLT approves Ashdan Developers' resolution plan for D S Kulkarni Developers

The National Company Law Tribunal has approved a consortium led by Ashdan Developers for the resolution plan of D S Kulkarni Developers. The consortium plans to pay Rs 826.30 crore to the stakeholders of the debt-laden real estate developer. The plan includes upfront payment, non-convertible debentures, and the provision of flats to homebuyers. The plan is approved by over 83.3% of the lenders represented by the committee of creditors. ....

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