A city on the docket: Inside Lavasa’s insolvency
Homebuyers as residents Homebuyers, out of all stakeholders, experience possibly the sharpest dislocation produced by treating the collapse of Lavasa as a conventional corporate insolvency. Homebuyers are classified as financial creditors and represented as a whole in the Committee of Creditors. However, this formal recognition captures merely their monetary exposure and not their lived realities,…

