Lavasa residents calculate the final offer decision for pending proj

Pune: Residents of Lavasa Hill Station are awaiting a final decision with two companies that submit a bid for the project ahead of the end deadline that ended in October.
The population has been waiting for an offer for the past three years.
Residents said that Darwin’s groups based in Mumbai and Dhir and Associates based in Delhi have made their offer and now hoped the creditor’s committee weighed the ability of a comprehensive settlement for the benefit of the population, who had been waiting for the last three years for the final decision.
“We hope for a positive resolution because failure will lead to liquidation, which will harm all the interests,” said Suresh Goswami, a resident of the hill station, who was at the forefront of raising problems in the presence of the state and the state government.
In May this year, the residents of the Hill Station project were written to the Head of the Minister of Uddhav Thackeray urged him to revive the scheme.
In their letters, senior citizens said they had been 34 months since Lavasa approached the National Law of Tribunal (NCLT), but there was no final decision or resolution of who could take over the project.
They also tried to know why the government was not interested in the project.
The previous population approached the Prime Minister and the Ministry of Housing Affairs.
Now, with an offer to be resolved immediately, the residents hope their problems will be resolved.
“It’s been a long time waiting for three years, such as against the six-month period mandated by law, for the process of reaching the stage of this settlement,” Shared Goswami.
The company was accepted for the corporate and bankruptcy resolution process (CIRP) by NCLT in August 2018, he showed.
Vineet Tulsyan from the R3 corporate advisor, who advised Darwin Group, said that the group was quite positive at Lavasa resolution.
“As their adviser, we have tried to understand countless project complexities and obstacles related to environmental and Maharera permits.
Home buyers are the biggest sufferers here, in addition to guaranteed financial creditors.
Given it, we have prepared and submitted a very balanced plan.
We hope that Lavasa will see the current resolution.
Liquidation will not be the right thing for this asset, that’s what we believe, “Tulsyan told Tulsyan.
When contacted, Purusharth Singh, partner in Dhir and Dhir Associates, shared the following statement by Srishti and Madhav Dhir, applicants resolutions, “We realize the population of the city of Lavasa as a main stakeholder in the whole process of resolution and we truly believe that our resolution plan will give trust because of the circumstances and efforts of residents and aim to maximize the value for all other stakeholders, especially financial creditors.
We are also convinced that with the combined efforts of residents, supported by careful planning that has entered the preparation of our resolution plan, we will be able to overcome All challenges especially those related to environmental and city permits will reclaim their vibrant characters..
“