The Mumbai bench of the national company law tribunal (NCLT) has granted a 90-day extension in the ongoing consolidated corporate insolvency resolution process (CIRP) of Lavasa Corporation Ltd, a planned hill city project in Maharashtra, beginning from 29 May 2025.
The latest extension reflects renewed hope for reviving the project through fresh bids. The CoC is currently assessing new resolution plans received in the restarted process.
In the previous round, besides Darwin Platform, initial interest had also come from groups like the Haldiram consortium and Aniruddha Deshpande. However, both failed to take the process forward.
Meanwhile, over 1,000 home-buyers, many of whom invested over a decade ago,…
