NANDKISHORE STEEL INDUSTRIES PRIVATE LIMITED (In Liquidation)
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PROCESS MEMORANDUM SALE PROCESS OF ASSETS OWNED BY NANDKISHORE STEEL INDUSTRIES PRIVATE LIMITED (In Liquidation) Reg. Off.: 6th Floor, Gupta House, R .N. Tagore Marg, Civil Lines, Nagpur – 440001 (MH) Issued on behalf of: Nandkishore Steel Industries Private Limited (In Liquidation) By CA. Amit C. Poddar (the Liquidator) Registered Address: - ‘AKSHAT’, 7, Vijay Nagar, Katol Road, Opp. NCC Office, Nagpur – 440013 Correspondence Address: - 3rd Floor, Meera Apartments, Above Durva Restaurant, Opp. Yeshwant Stadium, Dhantoli, Nagpur – 440012. Contact: +91 77090 18000 Email: [email protected]; [email protected] 1 E-AUCTION SALE NOTICE NANDKISHORE STEEL INDUSTRIES PRIVATE LIMITED (IN LIQUIDATION) Reg. Off.: 6th Floor, Gupta House, R .N. Tagore Marg, Civil Lines, Nagpur – 440001(MH) Liquidator: CA. Amit Chandrashekhar Poddar Email: [email protected]. Contact No: +91 77090 18000 Liquidator Registered Address: ‘AKSHAT’, 7, Vijay Nagar, Katol Road, Opp. NCC Office, Nagpur – 440013 Correspondence Address: - 3rd Floor, Meera Apartments, Above Durva Restaurant, Opp. Yeshwant Stadium, Dhantoli, Nagpur – 440012. Sale of Assets under Insolvency and Bankruptcy Code, 2016 Date and Time of Auction: 17.11.2020 from 11.00 a.m. to 1.00 p.m. (With unlimited extension of 5 minutes each) The Hon’ble National Company Law Tribunal has pronounced the Liquidation Order under section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred as “Code” or “IBC”) in respect of Nandkishore Steel Industries Private Limited (herewith referred as “Company”) vide order dated 26th September, 2018. By the said order CA. Amit Chandrashekhar Poddar (Insolvency Professional) having IBBI Registration No: IBBI / IPA-001 / IP-P00449 / 2017-18 /10792 was appointed as the Liquidator of the Company. The Assets and Properties owned by Nandkishore Steel Industries Private Limited (in Liquidation) forming part of Liquidation Estate is in possession of the Liquidator having 6.19 acres of factory land. The sale of properties will be done by the undersigned through the e-auction platform https://ncltauction.auctiontiger.net. S ASSET RESERVE PRICE IMCREMENTAL N & EMD (Rs. In lacs) VALUE (Rs. in lacs) 1 Factory Land (25,298.63 Sq mts) along with Factory Building and Plant & Machinery situated at: Plot No. C-232, in MIDC Butibori Industrial Area, within the village limits 285.00 0.50 of Wateghat and outside the limits of (EMD – 28.50) Nagpur Municipal Corporation, Tehsil Hingna and District Nagpur (MH). 2 TERMS AND CONDITION OF THE E-AUCTION ARE AS UNDER: 1. E-Auction will be conducted on “AS IS WHERE IS’’, “AS IS WHAT IS” and “WHATEVER THERE IS BASIS’’ through approved service provider M/s e-procurement Technologies Limited (Auction Tiger). 2. The Complete E-Auction process document containing details of the Assets, online e- auction Bid Form, Declaration and Undertaking Form, General Terms and Conditions of online auction sale are available on website https://ncltauction.auctiontiger.net. Contact: Mr. Praveenkumar Thevar 9722778828 - 079 6813 6854/55/51 079-6813 6800. E-mail: [email protected] & [email protected]. 3. The Liquidator has the right to accept or cancel or extend or modify, etc. any terms and conditions of E- Auction at any time. He has the right to reject any of the bids without giving any reasons. 4. EMD (i.e. 10% of Reserve Price) & Documents submission deadline is 05:00 PM IST on 16th November 2020 and E-Auction will be conducted from 11:00 am till 01:00 pm IST on 17th November 2020. Date: 09.11.2020 CA. Amit C. Poddar (Liquidator) Nandkishore Steel Industries Private Limited Place: Nagpur IBBI / IPA-001 / IP-P00449 / 2017-18 / 10792 3 E-AUCTION PROCESS INFORMATION DOCUMENT Invitation for bids for auction of assets of Nandkishore Steel Industries Private Limited (“in liquidation”) under the provisions of Insolvency and Bankruptcy Code, 2016 pursuant to the order dated 26th September, 2018 passed by the Hon’ble National Company Law Tribunal (“NCLT”) Mumbai Bench. Sale of assets and properties owned by Nandkishore Steel Industries Private Limited having 6.19 acres of factory land (In Liquidation) forming part of Liquidation Estate offered by the Liquidator appointed by the Hon’ble NCLT Mumbai Bench vide order dated 26th September, 2018. The sale will be done by the undersigned through e-auction platform at the web portal of https://ncltauction.auctiontiger.net, Date of e-auction is 17.11.2020 from 11:00 a.m. to 01:00 p.m. with unlimited extension of five minutes. SN. Description Remarks 1 Event Type Auction under Liquidation Process 2 Property Details Factory Land (6.19 acres) along with Factory Building and Plant & Machinery situated at: Plot No. C-232, in MIDC Butibori Industrial Area, within the village limits of Wateghat and outside the limits of Nagpur Municipal Corporation, Tehsil Hingna and District Nagpur (MH). 3 Borrower Name Nandkishore Steel Industries Private Limited 4 Sealed Bid Start time 09.11.2020 from 11:00 AM 5 Sealed Bid End time 16.11.2020 up to 05:00 PM 6 Auction Start date & 17.11.2020 from 11:00 AM Time 7 Auction End date & 17.11.2020 up to 01:00 PM Time 8 Mode of Submission Online/Offline of Bid 9 Mode of Auction E-auction (online only) 10 e-Auction website https://ncltauction.auctiontiger.net 11 Auction method Forward e-auction 12 Increment Value Rs. 50,000 /- 13 Inspection of Property 09.11.2020 to 13.11.2020 From 11:00 AM to 04:00 PM 14 EMD Rs. 28.50 Lakhs 4 15 EMD Payable in By way of NEFT/DD/RTGS: favour of & Payable at: Account Name : “Nandkishore Steel Industries Private Limited - In Liquidation” Bank Name : The Akola Urban Co-Op. Bank Ltd. Branch : Sitabuldi, Nagpur. Account No : 1014014002728 IFSC Code : YESB0AUB014 16 Bid submission for Factory Land & Building and Plant & Machineries 17 Auto extension Auto Extension of Five minutes To know more or to participate into the E Auction please contact or Email to E-procurement technology limited (Email: https://ncltauction.auctiontiger.net.) Contact Person : Mr.Praveenkumar Thevar Contact Person : 9722778828 - 079 6813 6854/55/51 079-6813 6800; E-mail : [email protected] & [email protected] And, for Property related issue please contact or mail to: Contact Person : Mr. Amit Chandrashekhar Poddar Contact Person : +91 77090 18000 Email : [email protected] [email protected] 5 SALE NOTICE Invitation for bids for auction of assets of Nandkishore Steel Industries Private Limited (in Liquidation) under the provisions of Insolvency and Bankruptcy Code, 2016 (Code) by an order of Hon‘ble National Company Law Tribunal (NCLT), Mumbai Bench, dated 26.09.2018. Date of E-Auction 17th November 2020 BY Mr. Amit Chandrashekhar Poddar (Liquidator) IBBI Registration No: IBBI / IPA-001 / IP-P00449 / 2017-18 / 10792 Registered Address: ‘AKSHAT’, 7, Vijay Nagar, Katol Road, Opp. NCC Office, Nagpur-440013. Correspondence Address: 3rd Floor, Meera Apartments, Above Durva Restaurant, Opp. Yeshwant Stadium, Dhantoli, Nagpur – 440012. E-mail: [email protected]. [email protected] Contact Person: Mr. Amit Chandrashekhar Poddar Contact Number: +91 77090-18000. CIN: U27100MH2004PTC143824 Registered office: 6th Floor, Gupta House, R N Tagore Marg, Civil Lines, Nagpur – 440001 (MH) Nandkishore Steel Industries Private Limited (In Liquidation) (A company under liquidation process vide Hon‘ble National Company Law Tribunal (NCLT), Mumbai Bench, order dated 26.09.2018) Notes: 1. This Sale Notice/ Process Memorandum is issued only for the Interested Bidders. 2. Terms and conditions, deadlines etc. for participating in the Electronic Auction are provided in the Sale Notice/ Process Memorandum. (Bidders desirous to submit their bid have to submit their Bids on E-Auction Portalhttps://ncltauction.auctiontiger.net or can also E-mail to: [email protected].) 6 1. DISCLAIMER This Sale Notice/Process Memorandum is issued by Mr. Amit Chandrashekhar Poddar, the Liquidator appointed by the Hon‘ble National Company Law Tribunal (NCLT), Mumbai Bench, vide order dated 26th September 2018 in the matter of Nandkishore Steel Industries Private Limited (in Liquidation) for general information purposes only. All Information provided in this Process Memorandum should be read together with the provisions of the “Code” and the “Liquidation Process Regulations” of Insolvency and Bankruptcy Code, 2016. In the event of a conflict between this Process Memorandum, the Code or the Liquidation Process Regulations, the provisions of the Code will prevail and if the related information is not there in the Code, the Liquidation Process Regulations shall prevail. The information contained in this Process Memorandum or subsequently provided to Bidder(s), whether verbally or in documentary or any other form by or on behalf of the Liquidator, is provided to Bidder(s) on the terms and conditions set out in this Process Memorandum. This Process Memorandum is issued by Mr. Amit Chandrashekhar Poddar, the liquidator (“Liquidator”) of Nandkishore Steel Industries Private Limited (in liquidation) (the“ Company” or “Corporate Debtor”) for general information purposes, to provide general information only, without regard to specific objectives, suitability, financial situations and the requirements of any particular person. The purpose of this Process Memorandum is to set out the process for submitting electronic auction bids for the assets of the Company in accordance with the Insolvency and Bankruptcy Code, 2016 (“Code”). Nothing herein or in materials relating to the Process Memorandum is intended to be construed as legal, financial, accounting, regulatory or tax advice by the Liquidator. This Process Memorandum is personal and specific to each auction process participant. Neither this Process Memorandum nor anything contained herein shall form the basis of, or be relied upon in connection with any contract, agreement, undertaking, understanding or any commitment whatsoever. This Process Memorandum does not solicit any action based on the material contained herein. The information in this Process Memorandum, which does not purport to be comprehensive, is provided by the Company and has not been in dependently verified by the Liquidator.