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

"In spite of clear directions from this Tribunal to place the modified or fresh resolution plan before the consolidated CoC (committee of creditors) for their consideration, the respondent no 1 (Verma) with malafide intention and in connivance with the respondent 2 (DPIL) instead of placing the modified or fresh resolution plan and without taking into account valuation of assets of the debtor at that point of time, or February 2023," which the bank s petition said misrepresented facts. ....

Business News , Breaking News Events , Latest News Updates , Economic Times , Economic Times News App , Daily Market Updates , Live Business , Union Bank , Lavasa Corp , Loan Default Resolution , Nclt Approved Plan , Union Bank Of India , National Company Law Tribunal , Darwin Platform Infrastructure ,

Darwin Platform Infrastructure: NCLT approves Darwin Platform's resolution plan for Lavasa Corporation, ET RealEstate

A revised plan was submitted after the tribunal had directed lenders of Lavasa Corp to consider an equitable distribution of proceeds from the sale of the township developer and its two units to winning bidder Darwin Platform Infrastructure. ....

Kuldip Kumar Kareer , Vithal Maniar , Akshat Khetan , Shyam Babu Gautam , National Company Law Tribunal , Lavasa Corp , Au Corporate Legal Advisory Services , Avantha Group , Dasve Convention Centre , Darwin Platform Infrastructure , Darwin Platform , Legal Advisory Services , Ajit Gulabchand Led , Warasgaon Assets Maintenance , Venkateshwara Hatcheries ,

darwin platform: Bankruptcy court approves Darwin Platform's resolution plan for Lavasa Corporation

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. ....

Shyam Babu Gautam , Kuldip Kumar Kareer , Akshat Khetan , Vithal Maniar , Au Corporate Legal Advisory Services , Dasve Convention Centre , Lavasa Corp , National Company Law Tribunal , Avantha Group , Darwin Platform Infrastructure , Darwin Platform , Legal Advisory Services , Ajit Gulabchand Led , Warasgaon Assets Maintenance , Venkateshwara Hatcheries , Bankruptcy Court , Lavasa Corporation , Resolution Plan , Bankruptcy Court Approves ,

IBC in Real Estate - Poor Resolution Rates but Superior Value Maximisation - Report

IBC in Real Estate - Poor Resolution Rates but Superior Value Maximisation - Report by property consultants ANAROCK and leading law firm, Khaitan & Co. ....

Shobhit Agarwal , Kumar Saurabh Singh , Sudip Mullick , Jaypee Infratech , Aashiesh Agarwaal , Ariisto Developers , Amrapali Group , Khaitan Co , Research Investment Advisory , Lavasa Corp , Unitech Ltd , Real Estate , Resolution Rates , Superior Value Maximisation , Bankruptcy Code , Investment Advisory , Corporate Insolvency Resolution Process , Radius Estates , Saurabh Singh ,

Poor resolution rates but superior value realisation of Real Estate sector in IBC: Report

While real estate comprises just 5 per cent of all cases under Insolvency & Bankruptcy Code (IBC), its resolution rate is among the lowest.On the other hand, IBC has driven superior value realisation by financial creditors in real estate - . ....

New Delhi , Shobhit Agarwal , Sudip Mullick , Jaypee Infratech , Aashiesh Agarwaal , Ariisto Developers , Amrapali Group , Khaitan Co , Research Investment Advisory , Lavasa Corp , Unitech Ltd , Bankruptcy Code , Real Estate , Investment Advisory , Corporate Insolvency Resolution Process , Radius Estates ,