SALE NOTICE

M/s. R R Leather Products Private Limited (In Liquidation) Reg.off.: Door No :136, Sidco Industrial Estate, , 600098 Liquidator: Mrs. Malathi Gopi Liquidator Address: Flat No.13/7, PalatSankaran Street, Mahalingapuram, Chennai/Flat D, No.14 and 16, GRN Sannidhanam, Sir Madhavan Road, Mahalingapuram, Chennai 600 034. Email:[email protected], [email protected] Mobile No.980409 59536

E- Auction sale notice for sale of Assets under Insolvency and Bankruptcy Code, 2016 Date and Time of Auction : 23/12/.2020 Batch 1: at 11.00 am to 12.00 pm Batch 2: at 12.30 pm to 01.30 pm (With unlimited extension of 5 minutes each)

Notice is hereby given to the public in general for sale of assets and properties owned by M/s. R R Leather Products Private Limited(In Liquidation) forming part of Liquidation Estate by the Liquidator, appointed by the Hon’ble National Company Law Tribunal, Chennai bench vide order dated 17th October 2019.The sale will be done by the undersigned through the e-auction platform https://ncltauction.auctiontiger.net

ASSETS

BATCH 1

A. Plant and Machineries

Reserve Price - Rs.39,02,580 /-EMD : Rs.3,90,258/-

Bid incremental value Rs 50,000/-*

1. Brief Description:

M/s. RR Leathers Products Private Limited is in the business of manufacturing and selling Leather Garments in and exporting to outside India. The details of the plant & machineries available for the sale, owned by the M/s RR Leather Products Private Limited, situated in the factory premises site at Door No 136, Ambattur Industrial Estate, 2nd Cross Main Road,Pattaravakkam, Chennai -600098 are given in the process memorandum uploaded in the https://ncltauction.auctiontiger.net

BATCH 2

B. Land and Building

Reserve Price - Rs. 5,40,91,800/- EMD: Rs.54,09,180/-

Bid incremental value Rs.1,00,000/

Brief Description: M/s R.R.Leather Products Private Limited has a basement plus ground plus two floors with part of third floor building in the land. In the 3rdfloor a portion of the building has RCC roof and balance area mainly with Ac sheet roof shed. OTS is covered with Metal coat sheet roof. The land and building named “M/s RR Leather Products Private Limited” is located at Door No 136, Ambattur Industrial Estate, 2nd Cross Main Road, Pattaravakkam, Chennai -600098.

Description of the Property: All that piece and parcel of Land and Building (M/s RR Leather Products Company), land of an extent of 15375 Sq.ft or thereabouts, comprised in Survey No.105 part and 129 part of Pattravakkam Village, AmbatturTaluk, bearing Door No.136 at SIDCO Ambattur Industrial Complex, Pattaravakkam, Chennai -600098.

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 IS BASIS” as such sale is without any kind of warranties and indemnities through approved service provider M/s. e-Procurement Technologies Ltd. (net).

2. The auction comprises of 2 batches (Batch 1 and Batch 2) and the highest offer received for will be declared successful. The Liquidator reserves the right in announcing the successful bidder based on the highest bid received in each of the batch. In case of non- receipt of bid or unsuccessful bid for the Batch 1, the liquidator reserves the right to cancel the e-auction process of Batch 2.

3. The liquidator also reserves the right to cancel the e-auction process in the event of unforeseen events.

4. The EMD shall be payable through DD/NEFT/RTGS in the account of M/s RR Leather Products (P) Limited (in Liquation), A/c. No. 38962420102,State Bank of India – SME Branch, , Chennai and IFSC Code: SBIN0004327.

5. Bids shall be submitted through online mode only in the format prescribed. The bid form can be downloaded from the website of https://ncltauction.auctiontiger.net.

6. Last date and time of submission of EMD & Tender documents is on or before 5.00 pm on 22/12/2020

7. The date and time of e-Auction is on 23/12/2020 for Batch - 1: 11.00 am to 12.00 pm and Batch - 2 : 12.30 pm to 1.30 pm,

8. If any offer is received within the last 5 minutes of closure time, the biding time will be extended automatically by another 5 minutes and if no higher bid is received within in the extended 5 minutes, the auction will automatically get closed at the extended 5 minutes.

9. The intended bidder who have deposited EMD and require assistance in creating login id and password may contact the liquidator office on phone 9840959536 / 9664478000 through email at [email protected] for technical support, you can contact Mr.PraveenkumarThevar, 079 -61200517 , 079-61200554 / 587/594/598/559.

10. The EMD amount of unsuccessful Bidders will be refunded.

11. The bidder who submits highest offer (more than Reserve Price) on closure of online auction shall be declared successful bidder subject to approval by the Liquidator.The Liquidator reserves his rights to reject any or all of the offers or accept offer for one or more properties received without assigning any reasons whatsoever at any stage.

12. Upon confirmation of sale, the purchaser shall deposit 25% of sale price (including EMD) immediately and the balance sale consideration of 75% is to be paid within 15 days of sale failing which the Liquidator shall forfeit the entire amount already paid/ deposited by the purchaser. The timeline for payment of final sale consideration may be extended at the sole discretion of Liquidator, to the extent permissible under the applicable laws and regulations. In case the final sale consideration is not paid within the timeline, the Liquidator shall forfeit EMD.In case of default in payment, the property shall at the discretion of the Liquidator, be sold to the 2nd highest bidder or resold and the defaulting purchaser shall not have any further claim. Decision of the Liquidator shall be final in this regard.

13. The highest bidder will have bearthe applicable GST, charges/ fees payable for conveyance such as ownership transfer, registration fee Stamp Dutyetc., as applicable under law. The Liquidator has absolute right to accept or reject the bid or adjourn, postpone, extend the auction without assigning any reasons whatsoever. No objections shall be maintainable againstthe Liquidator in such an event.

14. The intending bidder should submit the evidence for EMD deposit and Request letter for participation in the E- auction along with Self attested copy of (1) Proof of identification (2) current Address-proof (3) PAN card (4) Valid e-mail ID (5) contact number, to office of the liquidator or by email at address given below on before 22/12/2020 up to 5.00p.m: in addition the Interested bidders will also have to simultaneously upload their KYC documents along with the EMD submission documents on https:// ncltauction.auctiontiger.net on or before 22/12/2020 up to 5.00 p.m.

15. Name of the eligible Bidders will be identified by the Liquidator to participate in online e-auction on the portal (https://ncltauction.auctiontiger.net).The e-auction service provider (Auction tiger) will provide User id and password by email to eligible bidders.

16. The sale certificate/agreement will be issued in the name of the successful bidder only and will not be issued in any other name.

17. The sale shall be subject to provisions of The Insolvency and Bankruptcy Code 2016 and regulations made thereunder.

18. The Property, assets and other affairs of M/s RR Leather Products Private Limited (In Liquidation) are being managed by the Liquidator Malathi Gopi,(IBBI/IPA-002/IP- N00566/2017-2018/11727 ), who acts as agent of M/s RR Leather Products Private Limited (In Liquidation) duly appointed by the Hon’ble NCLT, Chennai and without any personal liability.

19. The properties mentioned above can be inspected on 12/12/2020 and19/12/ 2020 by the prospective bidders at the site with prior appointment after contacting the authorized representative of the Liquidator Mr.Arul Raj – 8939628479.

20. Further enquiries, if any and/or terms and conditions for sale can be obtained from the Liquidator office at phone numbers mentioned above.

21. Any corrigendum/ addendum to this document if made at a later date, will be displayed only on website ie https:// ncltauction.auctiontiger.net