Lavasa CoC rejects bids of Haldiram, Kulkarni; seeks more time from NCLT.

The committee of creditors (CoC) of real estate firm Lavasa Corporation has decided to seek more time from the National Company Law Tribunal (NCLT) for the debt resolution of Lavasa Corporation after the bids made by both applicants — Haldiram Snacks and Pune-based real estate builder Anirudh Kulkarni — were found non-compliant with the insolvency norms.
The resolution professional (RP) has asked the NCLT for resolution of all 40 subsidiaries of Lavasa Corporation together with the parent firm, which was coming up near Pune, Maharashtra.
BS