NCLAT Rejects Union Bank's Challenge to Darwin's Lavasa Bid

15 Jan 2024 CW Team

In a recent development, the National Company Law Appellate Tribunal (NCLAT) has rejected Union Bank's plea to oppose the bid by Darwin Platform Group for Lavasa Corporation. The tribunal's decision marks a significant legal hurdle for Union Bank, as it sought to challenge Darwin Platform Group's efforts to acquire Lavasa Corp. The details of the case suggest a complex legal battle over the acquisition, with Union Bank's attempt to block the bid facing rejection. This decision is expected to have implications for the ongoing corporate landscape and highlights the intricacies of regulatory processes in the business sector. The verdict underscores the importance of legal clarity and due diligence in corporate transactions, impacting the trajectory of the Lavasa Corp acquisition. The NCLAT's stance on this matter sets a precedent for similar cases and sheds light on the regulatory dynamics surrounding corporate acquisitions in the current business environment.

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..