Listing ID |
879691
|
Institution |
NEUEON TOWERS LIMITED (IN LIQUIDATION)
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|
Institution Branch | Hyderabad |
Contact Details: |
Contact The Liquidator : Email: liquidation.ntl@gmail.com; brremailid@gmail.com, ContactNo.: +919849519459 |
Auction Type | IBC Auction |
Borrower Name | NEUEON TOWERS LIMITED (IN LIQUIDATION) |
Asset Category | Immovable & Movable |
Asset Type | Going Concern Sale of the Company |
Asset Details | Plant has capacity to fabricate various types of towers and tower parts of 1,00,000 MT |
Asset Schedule |
Unit I: This Fabrication plant is located on a leased land of Ac. 1-00, situated at Plot No. 09, Sy. No. 172/EE, U, UU, I.D.A. Bollaram, Jinnaram Mandal, Sanga Reddy Dist., Telangana - 502325. The Plant has capacity to fabricate various types of towers and tower parts of 1,00,000 MT p.a. The plant has not been operational from July, 2017. The Unit-I premises has been vacated as the lease period of the premises expired and the Land lord has given notice to vacate the premises. ThePlant and Machinery of this Unit has been under shift to Unit - III of the CD. Unit II: This Technological Structural Fabrication plant is located on a leasehold land of 25,819 Sq. yards, situated at Plot No. 10, 11 and 12 Sy. No. 172, U, UU, I.D.A. Bollaram, Jinnaram Mandal, Sanga Reddy Dist., Telangana - 502325. The Plant has the capacity to fabricate Technological Structures of 28,125 MT p.a. The plant has not been operational from July, 2015. The Unit-II premises has been vacated as the lease period of the premises expired and the Land lord has given notice to vacate the premises. The Plant and Machinery of this Unit has been under shift to Unit - III of the CD. Unit III: This Galvanizing Plant is set up in the industrial land of 2 acre 10 Guntas, owned by the CD. The Plant is situated at Survey No 172/AA, Plot No. 128 Part, IDA Bollaram, Bollaram Village, Jinnaram Mandal, Sanga Reddy District, Telangana-502 325. Capacity of the plant for galvanizing of various types of towers and tower parts of 1,00,000 MT p.a. Unit IV: This Plant consists of Steel Re-Rolling Mill to produce Angles & Channels and is location in an industrial land of 2 acres. Out of 2-acre land in which the plant is located, one acreof land is owned by CD and another one acre of land has beentaken on lease. The Rolling Mill has been situated at Survey No 159, 159/B, 159/C, IDA, Bollaram, Bollaram Village, Jinnaram Mandal, Sanga Reddy District, Telangana-502 325. Steel rerolling capacity ofthe Plant is for 70,000 MT p.a. At present, the Plant is operational and is given on lease. Unit – V The assets of Unit V are not part and parcel of “Sale of CD as a going concern” in view of the fact that the Financial Creditor, Inventa ARC, having security interest on Unit-V has not relinquished its security interest to the Liquidation Estate. However, few equipment located at Unit-V, which were hypothecated to and relinquished the security interest by SREI Equipment Finance Ltd, the details of which are available at the office of NTL, are part of the Liquidation Estate and forming part of the assets in the sale of CD. |
Asset Address |
Bollaram, Jinnaram Mandal, Sanga Reddy Dist., Telangana |
Asset Location | Bollaram |
City | Hyderabad |
Reserve Price |
2475000000
|
EMD |
1500000
|
Publication Date | May 24th |
Auction Date Time | June 20th, 2022 at 11:00am |
Auction End Date Time | June 20th, 2022 at 1:00pm |
Application Submission Deadline | June 18th, 2022 at 6:00pm |
E-Auction Provider | 4Closure |
E-Auction Url | www.bankauctions.in |
Documents Available | English Sale Notice |
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