Creditors back Welspun-Ashdan for Lavasa takeover with 92% vote

Creditors have chosen the Welspun-Ashdan consortium to acquire India's first private hill town, Lavasa Corp. The project faced administration due to mounting debt. The consortium secured a significant majority vote. This decision comes amid ongoing legal challenges. Valor Estate, another contender, had its plan rejected by a major creditor. The resolution professional proceeded with voting based on a court order.