Lavasa might go for liquidation: Lenders did not get even Rs 5-cr upfront money

0


Initially arrange by HCC in 2000, Lavasa was developed as a picturesque hill station close to Pune.

Subjects
Lavasa | liquidation

Lenders to Lavasa Company, a bankrupt hill metropolis close to Pune, have been left disillusioned as not one of the bidders for the corporate submitted a viable monetary plan.

The ultimate bids had been opened on Monday. “There was not even Rs 5 crore upfront money on the desk,” stated a supply near the event. “The public sale was a complete catastrophe. The banks should now take into account sending the corporate for liquidation.” A final-minute bid was made by Royal Companions, a Dubai-based fund, however this was not encouraging for the lenders because the fund had earlier backed out of one other …




Key tales on business-standard.com can be found to premium subscribers solely.

Already a premium subscriber? LOGIN NOW

MONTHLY STAR

Enterprise Customary Digital



Enterprise Customary Digital Month-to-month Subscription

Full entry to the premium product

Handy – Pay as you go

Pay utilizing Grasp/Visa Credit score Card & ICICI VISA Debit Card

Auto renewed (topic to your card issuer’s permission)

Cancel any time sooner or later

Be aware: Subscription might be auto renewed, it’s possible you’ll cancel any time sooner or later with none questions requested.


Requires private data

What you get?

ON BUSINESS STANDARD DIGITAL

Limitless entry to all of the content material on any system by way of browser or app.
Unique content material, options, opinions and remark – hand-picked by our editors, only for you.
Choose 5 of your favorite corporations. Get a every day e-mail with all of the information updates on them.
Monitor the trade of your selection with a every day publication particular to that trade.
Keep on high of your investments. Monitor inventory costs in your portfolio.
18 years of archival information.

NOTE :

The product is a month-to-month auto renewal product.
Cancellation Coverage: You’ll be able to cancel any time sooner or later with out assigning any causes, however 48 hours previous to your card being charged for renewal.
We don’t supply any refunds.
To cancel, talk out of your registered e-mail id and ship the e-mail with the cancellation request to help@bsmail.in. Embody your contact quantity for fast motion.
Requests mailed to some other ID is not going to be acknowledged or actioned upon.

SMART MONTHLY

Enterprise Customary Digital



Enterprise Customary Digital – 12 Months

Get 12 months of Enterprise Customary digital entry

Single Seamless Signal-up to Enterprise Customary Digital

Handy – Annually cost

Pay utilizing an instrument of your selection – Credit score/Debit Playing cards, Web Banking, Fee Wallets accepted

Unique Invite to pick out Enterprise Customary occasions

Be aware: Subscription might be auto renewed, it’s possible you’ll cancel any time sooner or later with none questions requested.

What you get

ON BUSINESS STANDARD DIGITAL

Limitless entry to all content material on any system by way of browser or app.
Unique content material, options, opinions and remark – hand-picked by our editors, only for you.
Choose 5 of your favorite corporations. Get a every day e-mail with all of the information updates on them.
Monitor the trade of your selection with a every day publication particular to that
trade.

Keep on high of your investments. Monitor inventory costs in your portfolio.

NOTE :

This product is a month-to-month auto renewal product.
Cancellation Coverage: You’ll be able to cancel any time sooner or later with out assigning any causes, however 48 hours previous to your card being charged for renewal. We don’t supply any refunds.
To cancel, talk out of your registered e-mail id and ship the mail with the request to help@bsmail.in. Embody your contact quantity for simple reference. Requests mailed to some other ID is not going to be acknowledged or actioned upon.

Pricey Reader,

Enterprise Customary has at all times strived laborious to offer up-to-date data and commentary on developments which are of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on methods to enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these tough instances arising out of Covid-19, we proceed to stay dedicated to retaining you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.

We, nevertheless, have a request.

As we battle the financial affect of the pandemic, we want your assist much more, in order that we will proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from lots of you, who’ve subscribed to our on-line content material. Extra subscription to our on-line content material can solely assist us obtain the targets of providing you even higher and extra related content material. We imagine in free, honest and credible journalism. Your assist by way of extra subscriptions might help us practise the journalism to which we’re dedicated.

Assist high quality journalism and subscribe to Enterprise Customary.

Digital Editor



First Printed: Mon, November 23 2020. 23:38 IST



Supply hyperlink

Leave A Reply

Your email address will not be published.