Sale of Corporate Debtor as "Going Concern" under Regulation 32(e) of IBBI (Liquidation Process) Regulations, 2016

Corporate Debtor as a going concern

Tools and Equipment lying at Angul BHEL Jindal India Thermal Power, Derang, Angul, Odissa

8 No. of Commercial Gala Unit No.38,39,50,51— 182.15 Sq.Mtrs. Unit No.40,41,48,49— 1960 Sq.Feets.

Tools and Equipment lying at Burnpur IISCO Steel Plant, Burnpur - 713325, Dist. Burdwan, West Bengal

Assets at Guna, premises of GAIL, Vijaipur Guna - 473112, Madhya Pradesh

Avoidance Application under Not Readily Realisable Assets (NRRA)

Cancellation of the auction notice with reference to the public announcement dated 23 May 2023 wherein the auction notice was published for the Sale of Corporate Debtor as going concern on “as is where is basis”, “as is what is basis”, “whatever there is basis” and “no recourse” basis. Details of assets including land and building, manufacturing units, facilities, plant and machinery, stocks, and other assets.

Land & Building (Area 40.24 Acres)

Sale of the assets of the Corporate Debtor as slump sale.

1.Block I-Building & Structures, Plant and Machinery & Vehicles 2.Block II-Laptops, PCs, Printers, Monitors, Fridge, Air Conditioners, Chairs, Landlines, Sound Amplifiers, Sound System, MIC and Set-up Box etc

Industrial Building constructed on lease hold MIDC plot No:38 at Satpur MIDC Area, Nashik, Maharashtra. Plot Area: 2379 Sqm. Constructed Area: 1709 Sqm (Approx) ground plus two floors along with all amenities and Office furniture and electrical installations.

BLOCK 2A: Scrap Sales of material at Nashik, Plot No.38 on lot basis consisting of residual items (MS table, Hand Pallets 2 Nos., slotted angle racks, modular table and other metallic storage items) as scrap.

Commercial and Residential properties

Sale of Corporate Debtor as "Going Concern" under Regulation 32(e) of IBBI (Liquidation Process) Regulations,2016

Land & Building, Plant & Machinery

Sale as going concern

Sale of Agriculture Land (in Industrial Area) Village Bajidpur Saboli, District Sonepat, Haryana as Lot No. 1 and Sale of Plant & Machinery, Office Assets, Furniture & Fixtures as Lot No. 2

Block A Sale of combined asset situated at Industrial Property at Village-Sodha Wala, Mallanwala Road, Firozpur, Punjab-152002. Block B Sale of Plant & Machinery and Inventories situated at Industrial Property at Village - Sodha Wala, Mallanwala Road, Firozpur, Punjab-152002 Block C Sale of Land and Building situated at Industrial Property at Village-Sodha Wala, Mallanwala Road, Firozpur, Punjab-152002.