Insolvency and Bankruptcy Board of India

The assets of the corporate debtor are being proposed to be sold under a slump sale as per Regulation 32(b) of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 on “AS IS WHERE IS,” “AS IS WHAT IS,” “WHATEVER THERE IS,” and “NO RECOURSE BASIS,” and as such, said proposition for disposition is without any kind of warranties and indemnities.

99 years leasehold land (lease commencing 27.11.2007) measuring 3.24 acres as per lease deed, situated at Plot 163, Namli, Tumlabung, Ranipool, East Sikkim - 737135. Land consisting of 14000sq ft prefabricated factory shed, 2000 sq ft furnished Admin block, 6000 sq ft RCC construction accommodation, 5000 sq ft RCC construction godown, internal roads, walls etc Machinery including 3 sets of Husky Hypet 120 (P85/95), 2 sets of 415/332KVA Volvo Generator, ABB 1000KVA Transformer, Electric Distribution panel and 300KVA Emesron UPS

Application filed under section 43 & 44 of IBC 2016 and Book Debts

Block A-(NRRA) - Receivable from IA 163 of 2018 filed under Section 66 read with Section 60(5)(A) and Section 25(2)(j) read with Rule 11 of the NCLT Rules, 2016 before Hon’ble NCLT, Indore Bench in TP 60 of 2019[CP(IB) 32 of 2017].

Block B-(NRRA) Receivable from IA 164 of 2018 filed under Section 19(2), 19(3) read along with Section 14(1)(b) and Section 74 of IBC and Rule 11 of the NCLT Rules, 2016 before Hon’ble NCLT, Indore Bench in TP 60 of 2019[CP(IB) 32 of 2017]

Block-C (NRRA) Receivable from Execution Application No. 574 of 2023 in OMP (ENF.) (COMM.) 41/2018 under Section 151 of the Code of Civil Procedures before Hon’ble Delhi High Court.

Block-D (NRRA) -Receivable from Claim filed by Liquidator of K.S. Oils Limited before the Liquidator of the foreign subsidiary, i.e. K S Natural Resources Pte Limited, Singapore.

Block-E (NRRA) Trade receivables, Loans and advances and other current assets collectively including write offs made without proper justification by erstwhile management

Molasses estimated 23380 Qtls

Land & Building A plot of land admeasuring 2380 sq. mtr. located at E- 68, MIDC Shiroli Kolhapur, Maharashtra- 416122 is a leasehold land obtained from Maharashtra Industrial Development Corporation from 29.03.1988 for a lease period of 95 years. A factory building is constructed on the leasehold land. The built-up area as per the Building Completion Certificate is 657.93 sq. mtr. Plant and Machinery Corporate Debtor holds machinery such as Induction Furnace, moulding machine, core making machine, grinder machine, welding machine, electrical installations, miscellaneous lab equipment, etc. Security and Financial Assets This consists of shares held by a co-operative Bank which is not a listed company and security deposits for power connection, water connection, telephone connection, etc.

Major assets of the corporate debtor are located at: Land (Details of area of Land of the family or promoters as security right with Central Bank of India (Area of free hold land): 44 Bigha – 08Katha – 07 Dhur) & Building used for Sugar Mill excluding lease hold land & construction thereon and Plant & Machineries (as Plant & machinery already auctioned successfully on 26.11.2025) had sugarcane crushing capacity of 2500 TPD

Securities Financial Assets excluding Cash & Bank Balances and excluding Molasses which are e-auctioned separately

Sale of Company Land and Building of Corporate Debtor on a standalone basis

Bricks, Furnitures, VAN, Motor Pump, Chest, Box, Truck, VAN, Generator, Iron Self, Typing Machine, VAN, Motor Pump, Chest, Box, Truck, VAN, Generator, Iron Self, Typing Machine etc

(a) Arbitration Claims receivable from M/s. Dhoot developers Private Limited - Reserve Price Rs. 5.57 Crores, EMD - Rs. 56 Lakhs (b) Claims against KMC construction limited - Reserve Price Rs. 16.63 Crores, EMD - Rs. 166.30 Lakhs

Plant & Machinery along-with Vehicles of the Corporate Debtor

Asset Block 1: Plot without ETP includes building existing on plot no 1B with 2,700.00 SQ.M./ 29,052.00 SQ. FT and existing plot 1 C with 15,152.00 SQ.M./ 1,63,036.00 SQ.FT. on lease from Parvati Co- Operative Industrial Estate. Thus total area of Asset Block of land with building is 17,852 SQ.M. / 1,92,088 square feet. The land includes Building admeasuring approximate built-up area of 46,246.50 Sq. Ft. (This block has land and building other than ETP).

Immovable Property (Office)