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Podcast: Moneylife News Bites
Episode: Bankruptcy: Lavasa Revival Needs Fresh Thinking and End to Delays Caused by Public Sector Banks
Description: Lavasa City, India's first planned private hill station, faces challenges after bankruptcy in 2018, marked by controversy, legal issues, and debt. Despite approval of a Rs1,814 crore bid by Darwin group in 2021, legal challenges persist, with home-buyers dissatisfied and banks opposing the resolution plan. The city's infrastructure is deteriorating, leading to irregular services. Listen to this week's episode as Sucheta Dalal takes a closer look. Hosted on Acast. See acast.com/privacy for more information.