... Bankers to make last-ditch attempt to get more cash from Lavasa's bidders. ETRealty.com brings latest nclt news, views and updates from all top sources for the Indian Real Estate industry. “Lavasa is a very special urban development project and an initiative well ahead of its time. The NCLT appointed Devendra Prasad as Interim Resolution Professional (IRP). Lavasa CoC rejects bids of Haldiram, Deshpande; seeks more time from NCLT Haldiram, 2 others in race to buy out Lavasa for about Rs 2,046 cr Working under Jaitley was great learning experience: Ex-finance secy Lavasa Photo: Bloomberg Bankruptcy court admits insolvency plea against Lavasa Corp The bank may have to refer loans of Rs 7,914 crore, including those of Lavasa and Rolta India, to NCLT to comply with the Reserve Bank of India’s February 12, 2018, circular. Lavasa Corporation, a real estate arm of HCC, is developing a hill city ‘Lavasa’, near Pune in Maharashtra. ETTelecom.com brings latest nclt news, views and updates from all top sources for the Indian Telecom industry. Loans to Rolta India and Lavasa will be among two corporate accounts that Union Bank of India (UBI) has shortlisted to be referred to the NCLT. ETRealty.com brings latest nclt news, views and updates from all top sources for the Indian Real Estate industry. The National Company Law Tribunal has admitted a plea filed by operational creditors who initiated Corporate lnsolvency Resolution Process (CIRP) against Lavasa … Get more Companies News and Business News on Zee Business. Lavasa Corporation has two other subsidiaries — Warasgaon Power Supply and Dasve Retail. They are not undergoing CIRP and, therefore, NCLT said the consolidated committee of creditors (CoC) of Lavasa Corporation, WAML and DCCL may make an informed decision regarding the resolution of debt of those two companies. Lavasa Corp owes over ₹3,000 crore to its financial lenders and has land parcels of around 20,000 acres in Maharashtra. The lenders to Lavasa Corporation — the company developing a hill city near Pune — will invite fresh bids for the debt-laden firm and its 49 subsidiaries, after the National Company Law Tribunal (NCLT) decided to have a single consolidated resolution plan for all of them. ETRealty.com brings latest lavasa news, views and updates from all top sources for the Indian Real Estate industry. In the news On August 30, 2018, the NCLT Mumbai Bench admitted an insolvency petition against Lavasa Corp. Ltd. (subsidiary of Hindustan Construction Co. Ltd) filed by one of its creditors, Raj Infrastructure Development (India) Pvt. ... Lavasa investors’ money stuck till NCLT final order. Ltd. 1 The tribunal has approved the appointment of Devendra Prasad as the IRP under the provisions of the IBC. 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