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. Get more Companies News and Business News on Zee Business. Lavasa investorsâ money stuck till NCLT final order 34 students hospitalised due to suspected food poisoning in Pune âVaccination cardâ: Your toddlerâs Health Passport ETRealty.com brings latest nclt news, views and updates from all top sources for the Indian Real Estate industry. 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 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. 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. ETTelecom.com brings latest nclt news, views and updates from all top sources for the Indian Telecom industry. ... Bankers to make last-ditch attempt to get more cash from Lavasa's bidders. Lavasa Corporation has two other subsidiaries â Warasgaon Power Supply and Dasve Retail. 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). 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 Indiaâs February 12, 2018, circular. ... Lavasa investorsâ money stuck till NCLT final order. The National Company Law Tribunal has admitted a plea filed by operational creditors who initiated Corporate lnsolvency Resolution Process (CIRP) against Lavasa ⦠Lavasa Corporation, a real estate arm of HCC, is developing a hill city âLavasaâ, near Pune in Maharashtra. 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. Lavasa Corp owes over â¹3,000 crore to its financial lenders and has land parcels of around 20,000 acres in Maharashtra. 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