In a significant development, the NCLT's Mumbai bench on Friday awarded the beleaguered Lavasa City project in Pune to the Mumbai-based Darwin Platform Group of Companies (DPGC) headed by businessman Ajay Harinath Singh.The National Company Law .
The Mumbai bench of the National Company Law Tribunal (NCLT) Friday approved a revised and improved resolution plan submitted by Darwin Platform Infrastructure for the revival of Lavasa Corp., which was formed to build Indias first modern hill town after Independence.
India News: 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
The national company law tribunal (NCLT) has allowed the withdrawal of the liquidation proceedings against Prag Distillery Pvt Ltd, a subsidiary of Tilaknagar Industries Ltd. NCLT also allowed the reinstatement of the board of directors at Prag Distillery.
Credit Suisse said that the decision in the pending claim rejection application will have direct bearing on the resolution plan, , credit suisse, reliance capital, resolution plan