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 Urban

31 Jul 2026

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read the full article Click Here..

The Road Ahead Begins Here

The future of India’s roads took centrestage at RAHSTA Expo 2026, where policymakers, contractors and industry leaders came together under one roof. The event blended thought leadership, technology showcase and industry recognition into a single powerful platform.India’s roads and highways community gathered in full strength at the Jio World Convention Centre, Mumbai, on July 8-9, 2026, for the 16th edition of the RAHSTA Expo (Roads and Highways Sustainable Technologies & Advancement). Over two action-packed days, the event brought together policymakers, contractors, consultants, devel..

Wricks® is 50 per cent stronger than conventional bricks

India’s construction boom is colliding with mounting plastic and demolition waste. Angirus is responding with Wricks®, made from recycled waste and already deployed in over 400,000 units nationwide. Kunjpreet Arora, Cofounder and CEO, explains the technology, impact and growth roadmap.With several alternative building materials available, what industry gap did Angirus identify and how does Wricks® address it?The construction industry already has alternatives such as AAC blocks, fly-ash bricks and concrete blocks but these have limitations. AAC blocks may crack due to contraction and expans..