PROPERTY DETAILS

Auction Id: #267256
Bank Details
Reserve Price: ₹ 65,00,00,000
Bank Name
EMD
: ₹ 2,50,00,000
Branch Name
: New Delhi
Service Provider
:  drt.auctiontiger.net
Contact Details: Contact to Bank Manager
Description

Block of Assets- 4: Sale of Arbitrations (including claims and counterclaims), Corporate Legal Entity Name and Ownership, and other Current Assets of the Corporate Debtor and Live BGs (block 4 does not contain the assets covered in block 3, Block 2, the Liquidation Bank account, the depository accounts) Conditions in respect of the above block of assets: 1. If a prospective bidder submits Eol/EMD for Block of Assets-1, such prospective bidder shall become ineligible automatically to submit Eol/EMD for other Blocks of Assets (i.e., Block-2, Block-3, and Block-4). However, there can be one prospective bidder for more than one block with the condition that it should not have block 1 in any case as block 1 remains an exclusive block which cannot be clubbed with any other block. 2. If Liquidator receives Eol/EMD for more than one Block of Assets which includes Eol/EMD for Block of Assets- 1, the Eol/EMD for Block of Assets-1 shall be able to participate in the auction for sale as going concern which shall be a day prior to the date of auction for rest of the assets. The dates of auction shall be notified separately, further, in case there is successful bid received for going concern sale then, the auction scheduled on the subsequent date for rest of the blocks (other than going concem) shall not be conducted in view of success of going concern sale. **Note: E-auction is scheduled on 2 days for separate block of assets as mentioned below - 30th May 2024: E-auction platform shall be opened for bidding process for Block of Assets-1. 31st May 2024: E-auction platform shall be opened for bidding process for Block of Assets- 2, Block of Assets- 3, and Block-4 only if Liquidator does not receive successful bid for Block of Assets-1 on 30th May 2024 subject to fulfilment of all other conditions relevant for that particular block of assets

Province/State: Delhi
City/Town:   New Delhi
Area/Town: New Delhi
Property Details
Borrower Name
: Navneet Kumar Gupta
Asset Category
Property Type
: Others
Auction Type
: Liquidation Auction
Auction Start Time
: 30-05-2024 10:30 AM
Auction End Date
: 30-05-2024 05:30 PM
Application Submision Date
: 26-05-2024 05:00 PM
Downloads
Sale Notice 1: 
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