NCLT approves revised resolution plan by Darwin Platforms to takeover Lavasa Corporation

Lavasa was established to set up the country’s first privately developed hill city near Pune. However, the project has been entangled in various issues, resulting in delayed payments to lenders.

The National Company Law Tribunal (NCLT), Mumbai has approved a revised resolution plan submitted by Darwin Platform Infrastructure to revive Lavasa Corporation, which was incorporated to build India’s first modern hill town after Independence. [Shailesh Verma v. Darwin Platform Infrastructure Limited]

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