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Fixing 6% Simple Interest Per Annum On Excess/Less Determination Of Provisional Tariff Ultra Vires The Electricity Act: Allahabad High Court

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.

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.

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

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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