Sale of Land on piecemeal basis

The assets of the corporate debtor are being proposed to be sold under a slump sale as per Regulation 32(b) of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 on “AS IS WHERE IS,” “AS IS WHAT IS,” “WHATEVER THERE IS,” and “NO RECOURSE BASIS,” and as such, said proposition for disposition is without any kind of warranties and indemnities.

Leasehold Agricultural land

Land and Building - Lot - 1 and Lot -2

Molasses estimated 23380 Qtls

Major assets of the corporate debtor are located at: Land (Details of area of Land of the family or promoters as security right with Central Bank of India (Area of free hold land): 44 Bigha – 08Katha – 07 Dhur) & Building used for Sugar Mill excluding lease hold land & construction thereon and Plant & Machineries (as Plant & machinery already auctioned successfully on 26.11.2025) had sugarcane crushing capacity of 2500 TPD

Block-E (NRRA) Trade receivables, Loans and advances and other current assets collectively including write offs made without proper justification by erstwhile management