Darwin Platform Infrastructure wins financial bid for Lavasa Corporation

DPIL has proposed a payment plan and schedule that includes upfront payment (Rs 100 crore)

Darwin Platform Infrastructure (DPIL) has won the financial bid for resolution of the ailing Lavasa Corporation, which is constructing the country’s first privately-built smart city near Pune. The Committee of Creditors (CoC) of Lavasa voted in favour of the revised plan submitted by DPIL with the offer of Rs 1,814 crore in the final resolution plan, the company said in a statement.

The Ajit Gulabchand (chairman, Hindustan Construction Company)-promoted Lavasa project was admitted for insolvency to the National Company Law Tribunal (NCLT) in August 2018.

On November 25, DPIL had submitted an addendum to its November 20 resolution plan. Earlier this month,