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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.
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.
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.
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. 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
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.