Bankruptcy: Lavasa Revival Needs Fresh Thinking and End to Delays Caused by Public Sector Banks
Автор: Moneylife News Bites
Загружено: 2024-01-05
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Lavasa City, India's first planned private hill station, faces challenges after bankruptcy in 2018, marked by controversy, legal issues, and debt. Despite approval of a Rs1,814 crore bid by Darwin group in 2021, legal challenges persist, with home-buyers dissatisfied and banks opposing the resolution plan. The city's infrastructure is deteriorating, leading to irregular services. Watch this week’s video as Sucheta Dalal takes a closer look.
For more read: https://www.moneylife.in/article/bank...
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