Insolvency and Bankruptcy Board of India

Spinning cotton machinery

Auction id: 4779, Land & Building, Plant & Machinery, Securities & Financial Assets in Slump Sale

Assignment of Not Readily Realisable Assets (“NRRA”) under the Insolvency and Bankruptcy Code, 2016 (“Code”) read with Regulation 37A of IBBI (Liquidation Process) Regulations, 2016 of "All that the Open Land in Survey. No 60/part, admeasuring 3630 Sq. Yards or equivalent to 3035.14 Sq. mtrs, Situated at JEEDIMETLA VILLAGE, Quthubullapur, Mandal and GHMC Circle, Medchal-Malkajgiri District, Hyderabad, Telangana.". (1. The Corporate Debtor acquired the above asset on 19th February 2011. During the Liquidation Process, Endowments Department had filed objections before the Liquidator stating that the above asset is an endowed asset and is prohibited under section 22A of the Registration Act. The matter is pending before the Hon’ble Telangana Endowment Tribunal. (2. As per the decision of the Revenue Department Office, the land belongs to Hanuman Temple and a status Quo Order passed by the Hon’ble Telangana Endowment Tribunal vide order dated 17th March 2022 is in operation and the matter is pending before the endowments Tribunal. However, the possession is with the Liquidator. The intending bidders are advised to verify and examine the position before submitting their bids. (3. The asset is also subject to pending proceedings before National Company Law Appellate Tribunal arising from the order of the Hon’ble NCLT, Hyderabad Bench setting aside the previous assignment of the asset during the tenure of the earlier Liquidator.)

Land, Building, Plant & Machinery: Land admeasuring 55.14 acres(*) and building structure with two Units of Plant & Machinery installed for the commercial production of duplex paper board with 180-400 gsm having overall capacity up to 450 TPD. The facility is located in Vembakottai Village, Sivakasi, Virudhu Nagar District, Tamil Nadu – 626131

Sale of commercial premises on the First Floor, bearing Municipal No. 1588-89, Azis Ganj Bahadurgarh Road, Delhi – 110006 on “as is where is”, “as is what is”, “whatever there is” and “no recourse” basis.

Lot 2 – Sale of 1000 Unquoted Equity Shares of Cove Holding Private Limited

Lot 1 - Sale of 6550 Unquoted Equity Shares of Varun Exim Private Limited

Land along with a structure, as per records, having an aggregate area of 13.095 acres as per the Title deeds. (Original Title deeds admeasuring only 3 Acres in possession of the Liquidator).

[Furniture & Fixtures, VAN, Motor Pump, Chest, Box, Truck, VAN, Generator, Iron Self, Typing Machine, Building Structures etc.]

Category B-Sale of Investments of the CD (In case no bids are received for auction under Category A) Asset Set 3 - Sale of shares of CD holding in IOTL Utkal Energy Services Limited being part of assets of the CD on "AS IS WHERE IS", "AS IS WHAT IS", "WHATEVER THERE IS" AND "WITHOUT RECOURSE BASIS"

1.Land and Building 2.Windmill 3.Equity Shares (Investments) and Advances Receivables

Category A - Sale of Corporate Debtor as a Going Concern - Sale of Corporate Debtor as a going concern on "AS IS WHERE IS", "AS IS WHAT IS", "WHATEVER THERE IS" AND "WITHOUT RECOURSE BASIS"

Category B-Sale of Investments of the CD (In case no bids are received for auction under Category A) Asset Set 2 - Sale of Investments of the CD in Salem Tollways Limited & Kumarpallayam Tollways Limited (SPVs) being part of assets of the CD on "AS IS WHERE IS", "AS IS WHAT IS", "WHATEVER THERE IS" AND "WITHOUT RECOURSE BASIS"

Category C-Sale of Non-Core Assets of the CD (In case no bids are received for auction under Category A) Asset Set 4 - Sale of individual asset(s) being part of non-core assets of the CD as further listed in “Non-core Assets Part 1” on "AS IS WHERE IS", "AS IS WHAT IS", "WHATEVER THERE IS" AND "WITHOUT RECOURSE BASIS"

Asset Lot – Sale of Land & Building admeasuring 28.55 Acres alongwith three number of godowns

Sale of the Corporate Debtor's Name/ Brand Value on standalone basis, pursuant to Regulation 32(a) of the IBBI (Liquidation Process) Regulations, 2016,

Plant & Machinery, Land

(Asset Set 1) All the piece and parcel of a commercial plot at R.S.No.110/3, measuring 3.17 Acres situated in Bramhawara, Udupi

Land Parcel- 1,922 SQM