Insolvency and Bankruptcy Board of India

Sale of Corporate Debtor as Going Concern

Assets of Turning Point Estates Pvt Ltd (Corporate Debtor) including all that piece and parcel of land & Building situated at khasra No. 19, 21/1, 22 (area 02 Kanals & 15 Marlas), Khasra No. 22/20 (area 03 Kanals & 03 Marlas), Khasra No. 22/21/1 (area 03 Kanals 15 Marlas), Khasra No. 11/02 , 20.12, , 12, 23, 21/1, 18, 19, 22, 21/1, 19, 22 (area 27 Kanals 01 Marlas), Khasra No. 22/18, 22/23, 26/3/2 (area 03 Kanals 09 Marlas having total area of 40 Kanals 03 Marlas) together with all construction building affixed thereon i.e. total land area being 4.6584 acres / 18,851.85 sq. mtrs and building construction area being 74,191.04 sq mtrs, (Commercial property abutting NH-21, Chandigarh – Kharar Road, situated at Village bud Majra, NH-21, Near Balongi Sales Tax Barriers, SAS Nagar, Mohali, (Punjab)

1. Land & Building 2. Machinery & Equipment

Factory Leased land and building, plant and machinery (including inventory)

Commercial office space .

1.Land 2.Commercial Shop Room - Room No 20 3.Commercial Shop Room - Room No 20A 4. BMW 320DDiesel-White Year of Mnfr-2010

Industrial Property with factory building in partial dismantled condition

Sale of Corporate Debtor as going concern

LOT-I Land Parcel of 4.54 Acres under survey numbers 8/1a, 8/1b, 8/2 and 8/3 situated at Kesavaram Village, Mandapeta (M), Rajahmundry, East Godavari Dist. Andhra Pradesh Reserve Price rs.314Lakhs EMDRs. 31.4Lakhs. LOT-II Land Parcel of 3.5 Acres under survey numbers 9/1a, 9/1b, 9/1c, 9/1d, 9/1e, 9/2 and 7/6 situated at Kesavaram Village, Mandapeta (M), Rajahmundry, East Godavari Dist. Andhra Pradesh Reserve Price Rs.172 Lakhs and EMD Rs.17.2 Lakhs. LOT-III Land Parcel of 2.19 Acres under survey numbers 25 and 4/7 situated at Kesavaram Village, Mandapeta (M), Rajahmundry, East Godavari Dist. Andhra Pradesh. Reserve Price Rs.130 Lakhs and EMD Rs.13 Lkhs LOT-IV Land Parcel of 9.85 Acres under survey numbers 21/3, 21/3, 21/4, 21/5, 21/6 and 21/7 situated at Kesavaram Village, Mandapeta (M), Rajahmundry, East Godavari Dist. Andhra Pradesh Reserve Price Rs. 638 Lakhs and EMD Rs. 63.8 Lakhs LOT-V Land Parcel of 2.97 Acres under survey numbers 231/1, 231/2, 231/6, situated at Kesavaram Village, Mandapeta (M) 51/3 and 50/5-3 situated at Jegurupadu Village, Kadiyam (M), Rajahmundry, East Godavari Dist. Andhra Pradesh Reserve Price rs.155 Lakhs and EMD Rs.15.5 Lakhs LOT-VI Land Parcel of 1.825 Acres under survey numbers 51/6, 50/5-3 and 50/3-1 situated at Jegurupadu Village, Kadiyam (M), Rajahmundry, East Godavari Dist. Andhra Pradesh Reserve Price Rs.95 Lakhs and EMD Rs.9.5 Lakhs Reserve Price and EMD amounts mentioned in the Clauses 10 and 11 are total of the six Lots.

Factory Sheds,Office Building,Toilet block,Time office, Security Cabin and other constructions of HVR Projects Private Limited at a Reserve Price of Rs.2,64,11,350/-. Along with the assets of the Corporate debtor, the land on which those constructions have been made which is not owned by the corporate debtor will be auctioned at a Reserve Price of Rs.9,41,74,740/-, the cumulative Reserve Price being Rs.12,05,86,090/-.

Lot 5: GRP Pipes 1100 mm Diameter Lot 7: 765 KV Switchyard Material Lot 11: Steel Material to be extracted from foundations like ESP, DM PLANT,etc. at the LVTPL Project Site

Commercial office premises

Plant & Machinery and Misc Fixed Assets and Land and Building

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)

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