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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. ....
The NCLT order approving the resolution plan submitted by Darwin came after the lenders voted in favour of the resolution plan. It envisages a payout ....
India Business News: MUMBAI: The resolution plan approved by NCLT for Lavasa envisages the delivery of fully constructed properties to the homebuyers, within a period of f. ....