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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. ....

Shailesh Verma , Lavasa Corporation , Supreme Court , Union Bank , National Company Law Appellate Tribunal , State Bank , Darwin Platform Infrastructure , Bankruptcy Code , Rainbow Papers , Lavasa Smart City , Lavasa Resolution ,