Insolvency and Bankruptcy Board of India

The primary objective was to attempt sale of the Corporate Debtor as a going concern. The present auction is being conducted for sale of the assets on a standalone basis. The first auction will focus on the going concern sale, and if it is unsuccessful, the second auction for the assets on standalone basis will be conducted on the next day at the same time. In the event the first auction is successful, the second auction shall stand cancelled.

1. Lot 1 Land & Buildings (Adinath City Campus) Reserve Price - 12,30,000 EMD 1,23,000 2. Lot 2 Land & Buildings Basement at Narayandham Reserve Price 12,37,000 EMD 1,23,700

Land, Building, Plant & Machinery: Land admeasuring 55.14 acres(*) and building structure with two Units of Plant & Machinery installed for the commercial production of duplex paper board with 180-400 gsm having overall capacity up to 450 TPD. The facility is located in Vembakottai Village, Sivakasi, Virudhu Nagar District, Tamil Nadu – 626131

Liquidation as A Slump Sale Consisting of Land & Building, Plant & Machinery and Financial Assets & Securities: E – Auction - 24-11-2025 from 3.00 p.m. to 4.00 p.m. with unlimited extension of five minutes. Land &Building Approx. 42,200 Sq meters Land Village Lahe, Survey no. 208, 302 & 303, Nr. Vikas industries, Mumbai – Agra National highway, Taluka Shahapur, Dist Thane, MH Industrial Building of R.C.C. & A.C. Shed type approx. Area 2974 Sq. Mtr. & Plant & Machinery And Financial Assets & Securities : For assets description refers to E Auction Document on E-AUCTION website i.e. https://ibbi.baanknet.com/eauction-ibbi/home or throug

“Assets are sold free from all encumbrances as per Regulation 32(c) of the IBBI (Liquidation Process) Regulations, 2016 (as amended up to 14 October 2025) and other applicable provisions of the IBC. The Hon’ble NCLT vide order dated 24 June 2025 had permitted auction of the entire undertaking (sale as a going concern) three more times, but all such e-auctions failed. Accordingly, pursuant to the IBBI (Liquidation Process) (Second Amendment) Regulations, 2025, the present sale is being conducted for a set of assets collectively by the Corporate Debtor, in compliance with the amended Regulation 32 (C ).”

Molasses estimated 23380 Qtls

Land & Building - 6,25,00,000 Plant & Machinery 6,00,00,000

Machinery, Receivables, Sheds

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

Sale of Machinery and Movable Items: Furniture and fixtures, small freezers and chillers, KOEL DG sets – 15 KVA, stainless steel (SS) cabinets/open racks – large and small, and other movable furniture.

Land & building Plant & Machinery Securities & Financial Asets

Commercial unit and Financial assets collectively or Commercial unit on standalone basis

Block A: Sale of 43,83,000 (Nos) of Equity Shares in Amar Prakaash Developerss Pvt Ltd @Rs.10/- par value per each share. (The Company is in CIRP)

Block B: Sale of 3,00,000 (Nos) of Equity Shares in Guru Info Solutions Pvt Ltd @Rs.10/- par value per each share.

PPE- Scrap of Furniture & Misc in Scrap or damaged condition

Agricultural Land 40.34 acres

Sale Of Corporate Debtor as a Going Concern Excluding Pending litigations (PUFE & MSEDCL) under section 32(e) read with Regulation 32A of IBBI (Liquidation Process) Regulations 2016.

Natural Diamonds Solitaire & Loose RBC & Princess Diamonds