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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. ....

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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. ....

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NCLAT rejects Union Bank's plea to oppose Darwin Platform Group's bid for Lavasa Corp

The public sector lender contended for maximisation of the assets and submitted if a fresh process and fresh valuation were done, Lavasa Corporation would achieve more value. ....

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Senior advocate Darius Khambata returns as trustee of 2 Tata Trusts

In late 2016, Khambata quit the trusts citing professional commitments as the reason. That was just before the dispute between the Tata Trusts and the Shapporji Paoolonji Group began, which subsequently led to several litigations in many courts and quasi-judicial bodies. ....

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Union Bank contests NCLT-approved plan for Lavasa Corp, seeks revocation, ET RealEstate

Union Bank: The lender has sought withdrawal of NCLT approval alleging connivance between the resolution professional (RP) Shailesh Verma and the winning bidder to undervalue the real estate assets of Lavasa, resulting in a loss to creditors of the company. ....

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