E-PaperLavasa News
President accepts Ashok Lavasa's resignation as election commissioner
Lavasa had been next in line of succession to become the chief election commissioner of India after incumbent Sunil Arora retires in April 2021At ADB, he will now succeed current vice president Diwakar Gupta, whose tenure ends on 31 August and will look after private sector operations and public private partnerships.
1 min read19 Aug 2020EC Ashok Lavasa says family fully tax compliant on property deal
Ashok Lavasa said his family has fully discharged stamp duty obligation on a property transaction on which the I-T department has reportedly flagged 'discrepancies'Earlier, the tax authority has flagged 'discrepancies' between the ITR of Novel Lavasa for FY18
1 min read27 Dec 2019Election Commissioner Ashok Lavasa's wife under income tax department scanner
Lavasa's wife has been issued a notice by the department to explain certain details in her ITR with regard to holding directorship in about 10 companiesAfter preliminary investigation, the tax department has asked Novel Singhal Lavasa to provide more documents related to her personal finances
1 min read23 Sep 2019EC rules status quo for dissent notes on model code orders
Rejecting Lavasa’s demand, EC said dissenting views for orders related to poll code violations will not be made publicThe Commission said that status quo will be maintained and all dissent notes or minority views will remain part of the EC’s records
1 min read21 May 2019A day ahead of last phase of polling, EC in yet another controversy
CEC Sunil Arora said the top three members of the poll body are not 'expected to be template or clones of each other'The EC has maintained that the ongoing developments are an 'internal matter' and that a meeting is set to take place on 21 May to discuss this and other related matters
2 min read18 May 2019After KSS Petron, Royale Partners bids for Lavasa
The firm has submitted an EOI for Lavasa and is being advised by Khaitan and Co.Delayed implementation of an approved joint lenders’ forum (JLF) financial restructuring plan resulted in the project remaining stalled for another 2.5 years
2 min read30 Jan 2019Bankruptcy court admits insolvency plea against Lavasa Corp
Lavasa, which owes more than 3,000 crore to lenders, owns about 20,000 acres in Maharashtra
2 min read30 Aug 2018Banks treating RBI’s 15-day window as grace period on NPAs
An RBI circular says banks have to start referring NPA accounts to NCLT within 15 days after 180-day deadline ends
3 min read29 Aug 2018Lavasa, a billionaire’s dream project, becomes a nightmare for bankers
Hindustan Construction chairman Ajit Gulabchand is in discussions with three strategic investors to come up with a solution for Lavasa, and is open to either a partnership, or sellinghis stake in the project entirely
5 min read19 Jun 2018Lavasa struggles to find new directors
Things took a turn for the worse last month when all the three Lavasa directorsSharad Naik, Edna Maclaine and Deepak Shahresigned
2 min read6 Jun 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared