Avoidance Application under Not Readily Realisable Assets (NRRA)

Land admeasuring 3997.50 Sq. Mtrs along with Building admeasuring 1491 Sq. Mtrs.

Land & Building, Plant & Machinery including inventory and Vehicles situated at Units No 1,2 & 3, on "as is where is basis", "as is what is basis", "whatever there is basis" & "no recourse basis to Liquidator/CD', in a slump sale,

The Liquidator in Consultation with the Committee members has proposed to sale, the assets of the Corporate Debtor.

Corporate Debtor as a going concern in view of Regulation 32(e) read with regulation 32A of IBBI (Liquidation Process) Regulations

Plant & machinery, Stock, Furniture & fixtures

Land & Building Plant & Machinery Inventory & Consumables Scrap

Sale of Nickel Ore (Steel Scrap)

Land admeasuring 135.02 Ghunta= 147037 sqft TDR purchased of about area 386.44 Sqm, 644 Sqm & 2137.25 Sqm Total Area= 3,167.89 Sqm.

Sale of the Corporate Debtor as a going concern. Assets consist of plant and machinery, land and financial assets.

Building, Other moveable assets, Investment & Other Assets

Leasehold Factory Land admeasuring area about 22,000 Sq.mt covering situated at Plot No. 1-B and 1-C, Village-Yadrav, Gut No. 50,51,52 and 53, Parvati Co-Operative Industrial Estate, Sector-I, Phase- III, Taluka-Shirol, District-Kolhapur, within the local limits of Shirol. And Building admeasuring approximate built-up area is 46,246.50 Sq. Ft. situated at Plot No. 1-B and 1-C, Village-Yadrav, Gut No. 50,51,52 and 53, Parvati Co- Operative Industrial Estate, Sector-I, Phase- III, Taluka-Shirol, District- Kolhapur, within the local limits of Shirol.

Option A: Plant & Machinery and Inventories- Reserve Price is INR. 73,23,000 Option B1: Plant & Machinery- Reserve Price is INR. 72,33,000 Option B2: Inventories- Reserve Price is INR. 90,000

Company as going concern and land and building

Factory Land & Building including current assets (except bank balances), if any.

Financial assets and reversal order passed by Hon'ble NCLT Bench-V, New Delhi Under Section 66 of IBC

Equity shares and Car

Three Immovable properties of the Corporate Debtor as per newspaper announcement.

Sale of superstructure including movable assets on leasehold land (lease period expired).

A1-Sale of the Corporate Debtor as going Concern B1-Sale of Company as going concern (with Laptop, Printer, Income Tax refunds and other current asset as per the Audited Balance Sheet as on 31.02.2022 except (Trade receivable ?7.85 Crores & Security Deposits ? 13 Crores) B2-Sale of assets (Trade receivable ?7.85 Crores & Security Deposits ? 13 Crores)