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.

Real Estate

11 May 2026

Casagrand Launches 41-Acre Highcity Project in Chennai

Casagrand has launched Casagrand Highcity, a 41-acre integrated residential development on Chennai’s Outer Ring Road (ORR), marking the company’s largest residential project to date.The project will comprise over 4,000 two and three BHK apartments across four G+22 towers and is positioned as one of the largest organised residential developments in the ORR corridor.Located along Chennai’s emerging residential and infrastructure growth belt, the project benefits from connectivity to IT hubs including Navalur, Siruseri SIPCOT and Porur, as well as industrial clusters such as Sriperumbudur, ..

Brigade, Marriott Open Courtyard Kochi Infopark

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WorkEZ Expands South India Portfolio to 1.7 Mn Sq Ft

Work Easy Space Solutions (WorkEZ) has expanded its managed workspace portfolio to approximately 1.7 million sq. ft. across 12 operational buildings and two upcoming developments, strengthening its footprint across South India.The expansion includes the addition of 65,000 sq. ft. at Phoenix One National Park in Chennai and the company’s entry into Kochi through a partnership with Lulu Developers, adding another 70,000 sq. ft.WorkEZ has also signed a 0.4 million sq. ft. development in Coimbatore with Veeras Infra following the successful leasing of 0.1 million sq. ft. in the first phase. The ..