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. ETRealty.com brings latest nclt news, views and updates from all top sources for the Indian Real Estate industry. The NCLT appointed Devendra Prasad as Interim Resolution Professional (IRP). Construction firm HCC's real estate firm Lavasa Corporation will face insolvency proceedings with the NCLT on Thursday admitting plea of lenders of the debt-ridden realty firm. Lavasa investors’ money stuck till NCLT final order 34 students hospitalised due to suspected food poisoning in Pune ‘Vaccination card’: Your toddler’s Health Passport Get more Companies News and Business News on Zee Business. Photo: Bloomberg Bankruptcy court admits insolvency plea against Lavasa Corp 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. ETRealty.com brings latest nclt news, views and updates from all top sources for the Indian Real Estate industry. Lavasa Corp owes over ₹3,000 crore to its financial lenders and has land parcels of around 20,000 acres in Maharashtra. Ltd. 1 The tribunal has approved the appointment of Devendra Prasad as the IRP under the provisions of the IBC. Lavasa Corporation has two other subsidiaries — Warasgaon Power Supply and Dasve Retail. ... Lavasa investors’ money stuck till NCLT final order. “Lavasa is a very special urban development project and an initiative well ahead of its time. 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 ... Bankers to make last-ditch attempt to get more cash from Lavasa's bidders. ETRealty.com brings latest lavasa news, views and updates from all top sources for the Indian Real Estate industry. Lavasa Corporation, a real estate arm of HCC, is developing a hill city ‘Lavasa’, near Pune 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. ETTelecom.com brings latest nclt news, views and updates from all top sources for the Indian Telecom industry. 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