"Mumbai-based Yogayatan Group emerges as top bidder for debt-ridden Lavasa Corporation with ₹795 crore offer, surpassing Welspun Group and Valor Estates in final bidding round."

Oberoi Realty-led consortium successfully acquires Hotel Horizon in Mumbai's Juhu for ₹919 crore through insolvency resolution, securing prime sea-facing real estate for luxury development.

Valor Estate wins Lavasa Corporation bidding with ₹771 crore offer. Third resolution attempt for the debt-ridden hill city project near Pune. Environmental clearance remains key challenge for final approval.

Lavasa City, India's ambitious ₹25,000 crore private hill station near Mumbai and Pune, transformed from a luxury European-style dream into a cautionary tale of environmental violations, financial collapse, and stalled development.

Major Indian conglomerates Adani, Vedanta, Dalmia & Suraksha submit bids for debt-laden Jaypee's ₹57000 cr assets. CoC evaluates resolution plans for JAL's real estate & cement portfolio revival.RetryClaude can make mistakes. Please double-check responses.

JM Financial Products secures 142,000 sq ft office space worth ₹150 crore in Mumbai's Mulund through bankruptcy resolution. Major NCLT settlement benefits 500+ homebuyers in stalled project revival.

Learn how the National Company Law Tribunal handles corporate disputes, real estate cases, and insolvency in India. Includes online filing steps and recent updates.

Proposed IBC reforms by IBBI aim to resolve delays, ensure fair claims, and enhance transparency, offering relief to homebuyers and strengthening the real estate resolution framework.

The Insolvency and Bankruptcy Board of India (IBBI) suggests granting ownership to debt-free purchasers who already own their property during the insolvent real estate firm's bankruptcy settlement. However, the committee of creditors must approve this plan.

MahaRERA has warned purchasers about 314 housing projects undergoing corporate bankruptcy resolution at the National Company Law Tribunal. A major 236 projects are in Mumbai, 52 in Pune, nine in Haveli, and five each in Ahmednagar and Solapur.

INR 171-Crore Resolution Plan by MK Rajagopalan Approved by lenders MK Rajagopalan, the promoter of Chennai-based MGM Healthcare, purchased Visakhapatnam's 300-bed SevenHills Hospital through the IBC.

The bankruptcy court allowed Macrotech Developers to buy V Hotels Ltd., which owns the Tulip Star Hotel, formerly the Centaur Hotel. The property in Mumbai's upmarket Juhu neighbourhood will be bought by Lodha Group business Macrotech Developers for Rs 890 crore.

The Mumbai NCLT invalidated Wadhwa Buildcon's promoter's resolution plan. The resolution professional (RP)'s suspicious conduct and the promoter's willful default status revealed the decision.

Given the large number of stalled housing projects, the SWAMIH fund, which finances their completion, has demonstrated potential but has scalability issues. Despite completing over 26,000 residences and recovering a major share of investor funds, it needs to expand its reach and efficiency.