Ajay Harinath Singh’s company Darwin Platform Infrastructure Ltd (DPIL) has received the bid to accumulate and revive India’s first personal hill station. The National Company Law Tribunal (NCLT) accredited Darwin Platform’s Rs 1,814 crore decision plan for Lavasa.

The high-quality news on the destiny of the Pune-placed private hill station comes almost half a decade after the insolvency resolution system was initiated. The NCLT had admitted the petition of lenders of the debt-ridden Lavasa Corporation, the actual estate corporation of HCC, for the insolvency resolution method underneath the Insolvency and Bankruptcy Code (IBC) in August 2018

Singh, the promoter of Darwin, said in a announcement, “The NCLT has entrusted us with a hard venture to expand an formidable global-elegance smart town within the country. The verdict would strengthen our dedication to kingdom-building. Lavasa is now at the cusp of a wonderful resurgence. DPIL is dedicated to executing the plan as according to the schedule proposed to the CoC. We are very eager to revitalise this formidable task.”

“The plight of homebuyers, together with the worries of secured monetary lenders, would no longer move disregarded by way of DPIL. The organization guarantees to consist of the stakeholders in the revival method and prioritise their desires,” he confident homebuyers.

Who is Ajay Harinath Singh?

Ajay Harinath Singh is a Mumbai-primarily based businessman who’s Chairman and MD of Darwin Platform Group of companies. The commercial enterprise group has presence in numerous sectors together with realty, vehicle, retail, infra, delivery, mining, refineries and finance has a internet well worth of $8.4 billion (over Rs 68,000 crore), as in line with a Business Today report.

The institution sas as a minimum 21 public confined groups and enterprise pursuits in over 11 nations. Singh is an alumnus of the Mumbai University. He based Darwin Group in 2009. DPIL, the enterprise acquiring Lavasa, turned into set up in 2010.

Apart from Lavasa, Singh’s Darwin Platform Group has additionally participated in excessive-profile bidding approaches to gather airways Jet Airways and Air India and Shipping Corporation of India. In 2022, he joined the race to buy debt-ridden Anil Ambani organization Reliance Capital.

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