COMPANY TO BE SOLD AS GOING CONCERN

Sale of Corporate Debtor as a Going Concern along with all assets including Securities & Financial Assets (Excluding cash/ Bank balance over and above Rs 25.00 Lakh). Bidder need to replace of all the Existing Bank Guarantee issued by PNB.

9% Non-Cumulative Redeemable Preference Shares

Sale of Corporate Debtor as a Going Concern along with all assets including Securities & Financial Assets (Excluding cash/ Bank balance over and above Rs 25.00 Lakh and Lot 2 Assets i.e 9% Non-Cumulative Redeemable Preference Share). Bidder need to replace of all the Existing Bank Guarantee issued by PNB.

Entire Corporate Debtor as a Going Concern Under Regulation 32(e) read with Regulation 32A of the Liquidation Regulations

All Movable Assets of the Corporate Debtor located at the Plant Site at Musalgaon, Sinnar, Dist. Nashik, Maharashtra and at the Registered Office at New Delhi

Corrigendum issued on 01.03.2024 to the Sale Notice dated 29.02.2024 on the following, The Last date for submission of EOI and EMD for all LOTS (I,II and III) was 14.03.2023 and is now replaced with 14.03.2024.

Company as a whole (as going concern) basis. Company has installed spinning capacity of 86560 spindles at 3 units at Makthal, Burgul and Rajapur and 4th Unit has installed capacity of 150 Lakhs Mts PA for fabric Mfg at Kucherkal. 3 Units are around 50 Km and 4th Unit is 150 Km from Hyderabad airport. Assets are at Telangana.

Makthal unit has installed capacity of 29,376 spindles and Makthal - Narayanpet Road, Makthal Village, Mahabubnagar, Telangana. Around 150 Km from Hyderabad Airport. This contains mainly Land and Buildings and Plant and Machineries.

Rajapur unit has installed capacity of 24,000 spindles and Located at National Highway No.7 facing, around 49 Kms from Hyderabad Airport, Telangana. This Contains mainly Land and Buildings and Plant & Machineries

Kurcherkal unit has installed capacity of 1,50,00,000 Mts PA for fabric Mfg. This Contains mainly Land and Buildings and Plant & Machineries.

Burgul unit has installed capacity of 33,184 spindles. This is mainly Contains Land and Buildings and Plant & Machineries.

Vehicles, F&F. Computers and Financial assets of CD

Sale of Corporate Debtor as a going concern excluding the Securities & Financial Assets and the proceeds from the avoidance application

LOT-I: 445 MW Natural Gas based Combined Cycle Power Plant (P&M) comprising of 2 Gas Turbines (Siemens, V94.2)–139.44 MW each + 2 HRSG + 1 Steam Turbine (LMZ, Russia) – 166.60 MW, Land around 128.16 Acres including road and pipe area, Factory Buildings & all other equipment at plant site. with reserve price of Rs.252.90 Crores and EMD Rs.5 Crores. LOT-II: 445 MW Natural Gas based Combined Cycle Power Plant (P&M) comprising of 2 Gas Turbines (Siemens, V94.2)–139.44 MW each + 2 HRSG + 1 Steam Turbine (LMZ, Russia) – 166.60 MW with factory buildings and all other equipment at the plant site excluding land with reserve price Rs.121 Crores and EMD Rs.5 Crores. LOT-III: Land around 5.80 Acres Kotha Peta Village, abutting power plant land Sy nos. 7/1, 6/2B, 6/3B, 7/4 Kotha Peta. and 36/2, Devarapalli village with Reserve Price Rs.9.45 Crores and EMD of Rs.0.945 Crores.

Land: Plot No H-10 & H-11, IDA, Uppal, Hyderabad -500039. Area -1750 Sqyds. Building: a) Machinery Shed- AC Sheet -366.93 SQ.MTS b) Office Building(G+3) *11.50-RCC-373 SQ.MTS. c) Interior Works and work stations-LS-1.00 SQ MTS. d) Security Room-CCG Sheet-648 SQ MTS. e) Compound Wall-Masonry-150 SQ MTS. Plant & Machinery: Details provided in EPID.

Land and Building, Plant and Machinery