Oberoi Realty & New York-based Interups submit EOI to revive Lavasa

Mumbai-based Oberoi Realty Group and New York’s financial services group Interups Inc have submitted their Expression of Interest (EoI) for the revival of the Lavasa hill station project. Residents of Lavasa told media that the Oberoi Group and Interups Inc had put out their EoI on December 27 and January 6, respectively. According to sources in the know, the final hearing at the National Company Law Tribunal (NCLT) is expected on January 20. The other bidders who have made similar submissions include Pune-based realtor Aniruddha Deshpande, Haldiram Snacks as well as UV Asset Reconstruction Company The presentation of the resolution plans was made in the Committee of Creditor’s (COC) meeting held recently. The final decision closure was to take place by the end of December. However, since the COC was not satisfied, a decision was taken to wait for further bids.