Sale as a going concern of assets of Hotel Milestonnez India Private Limited (in liquidation) including the Hotel Building complex measuring above 50,000 sq.ft., furniture & fixtures, machinery, electrical and electronic equipment, swimming pool, etc. Bar attached three Star running Hotel at Chennai – Bangalore National Highway at Santha Velur, Sriperumbudur.
All the part and parcel of the lands detailed below mortgaged to State Bank of India, under SARFAESI Act 2002. b) Land admeasuring of 146 Cents with Survey Nos 112/7 & 112/9 situated at Santha Velur, Sungavarchatram, Sriperumbudur and c) land measuring 132 Cents (as per Patta 128 Cents) in Survey No.112/6 situated at Santha Velur Village, Sriperumbudur Tk, Kancheepuram Dist.
OPTION B :For sale under Liquidation that being the sale of the Land parcels owned by the Personal Guarantors, Mr. Ramachandran, and Mr. Rajamanickam mortgaged with SBI under SARFAESI and the sale of the Building, Equipment, Furniture, Fixtures, and other business assets of the Corporate Debtor collectively under IBC.