technomac limited in the matter of company petition … · paonta sahib paonta sahib is one of the...

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“BROCHURE OF AUCTION CUM TENDER FOR SALE OF ASSETS OF M/S.INDIAN TECHNOMAC LIMITED IN THE MATTER OF COMPANY PETITION 13 OF 2014”

Chapter No Chapter Name Page

Number

Index 1-2

1 Introductory 3

2 Brief History of the Company 4-8

3 Auction Cum Tender Schedule Programme 9-14

3a. Schedule No-I: Asset Value as a Company, Lot or

Item of Inventory

3b. Schedule No-II: Events of Auction cum Tender

3c. Schedule No-III: Seller,Venue,Competent and

Authorized Person; of Auction cum Tender

3d. Schedule No-IV: Technical Details and Legal Enclosures Regarding Various Schedules Forming Part of the Auction Cum Tender

4

4a

4b

4c

4d

4e

4f

4g

4h

Valuation Schedule

Approved Schedule by Hon ‘ble High Court

Immoveable Asset

Moveable Asset

Building & Civil Structures Valuation

Land Developments Schedule

Plant and Machinery Valuation

Building Blocks Valuation

Vehicle Valuation

15-22

5 Detail Schedule of Moveable Assets with Valuation 23-30

6

6a.

6b.

6c.

Land Revenue Details

Land Revenue Details

Land Revenue Company and Director wise Details

Factory Area Details

31-35

7. Covered Area Details 36-37

8. Specification of Construction Schedules

Specification of Each Building Block

Schedule-RASF- RATE OF ANALYSIS FOR FACTORY SHEDS

Schedule-RAMS- Rate of Schedule for Masonary

Structures

38-45

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9. Terms & Conditions of Auction cum Tender 46-55

10. Hon’ble High Court of Himachal Pradesh Shimla

order dated 2nd August,2019 & dated 08th August

2019

56-68

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Chapter-1

Introductory:

Whereas the Hon’ble High Court of Himachal has ordered dated order 02nd

August,2019 to Auction –Sale the Assets of the company M/s Indian

Technomac Company Ltd. Village Jagatpur, P O Misserwala, Paonta Sahib-

173001 Himachal Pradesh through Auction Cum Tender Process. Since the

Department of Excise and Taxation have overtaken the physical possession of the

Assets of the Company as appended to the Schedule through the Deputy

Commissioner , State Taxes and Excise ,Distt Sirmour and the same have been

ordered by the Hon’ble High Court as deemed in the symbolic possession of the

Competent Authority and now proposed to be sold by Auction Cum Tender on the

basis of “As is where is”, “As is what is” and “Whatever there is” on dated

19 and 20 th September,2019.

And whereas the department of Excise and Taxation have taken all steps under

the law to recover its outstanding Amount of Rs.2176.86* Crores,[Two Thousand

One Hundred Seventy Six Crores and Eighty Six Lacs ] from the company ,but the

company failed to deposit the same, therefore the assets of the company were

attached under HP Land Revenue Act and these assets were liable to be sold

through Auction Cum Tender in order to recover the outstanding liabilities in the

said Company Petition pending before the Hon’ble High Court in the Company

Petition 13 of 2014.The Auction cum Tender Process is proposed to be carried as

per the Auction Schedule appended in Four Schedules [I to IV]

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Chapter No-2

BRIEF HISTORY OF INDIAN TECHNOMAC COMPANY LTD:

The aforementioned Industrial Unit is located over an area of about 250 Bhighas and

is a newly constructed Industrial unit w.e.f. 2009-10 for the manufacturing of noble

Alloys under the Central Industrial Package of Central Excise, Income Tax and

various other Industrial concessions as admissible under the said package from time

to time. Apart from the Large Industrial sheds made up of RCC,STEEL

FABRICATION, various other utility services, Viz- 132/33 KV Sub-Station, DG Sets

Captive Power Plants, Anti Pollution Systems, STP, ETP, Various Utility and

Raw/Finishing Materials Storages systems, Industrial Cables Network, Plant and

Machinery of the Steel Manufacturing Unit, Administration Block, Canteens, Internal

Roads, Weigh Bridges, Raw Materials, Material Handling Equipments and

Automobiles, Office equipments and other goods and services centres of the said

company; as is where is basis.

Indian Technomac Company Ltd., incorporated on 2007 was an Indian based

company which carries on the business of manufacturing & service provider of ferro

manganese high carbon, ferro chrome extra low carbon & ferro chrome low carbon

since 2007 in Paonta Sahib,H.P. The company has its registered office in the State of

Himachal Pradesh. FERRO TITANIUM, FERRO MANGANESE, FERRO VANADIUM, FERRO SILICOM, FERRO CHROME, FERRO ALLOYS WERE MAIN PRODUCTS OF THE COMPANY. Company stopped it manufacturing since 2014. The company is

under liquidation & the property is under the custody of the Excise Department of

Himachal Pradesh, which has deputed home guards round the clock to guard the

assets of the company.

DEFAULT OF THE FIRM

While Vijay Mallya and Kingfisher Airlines have been in the news over the past few

months for being wilful defaulters, a lesser-known firm M/s Indian Technomac Company Ltd., at Paonta Sahib in Himachal Pradesh has defaulted Rs 2,100 crore

on excise front. It also owes Rs 2,167 crore to various banks. Not only this, the

company has also defaulted on provident fund contribution of employees as well as

employer. The total default of the firm is around Rs 4,300 crore, excluding the

unsecured loan taken by it. The firm Indian Technomac Co. Ltd. registered with the

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Registrar of Companies, Himachal Pradesh, is currently under liquidation. (Source: Internet).

EXCISE DEPARTMENT DEFAULT

According to information, the Himachal Government lost Rs 2,176.86 crore (approx.)

in excise revenue in the past three years as the company defaulted on payment.

According to sources, when the company's inter-state sales were examined, it had

come to the notice of the Excise Department that most of its sales were fake. The

company became sick and closed its operations in 2014.

LOCATION

At Indian Technomac Company Ltd was having its registered office at Village

Jagatpur,P.O.Misserwala,Tehsil Paonta Sahib District Sirmour (H.P.); The products

were manufactured in its plant located at Village Jagatpur,P.O.Misserwala,Tehsil

Paonta Sahib District Sirmour (H.P.) Paonta is one of the growing industrial towns of

Himachal Pradesh. It is well connected by road to all the major cities of the country.

QUALITY POLICY PROCESSES AT INDIAN TECHNOMAC

Understanding customers requirement and ensuring to supply as per these

requirements is realized with the help of quilty assurance & Qualtiy control group at

Indian Technomac across the entire business chain of supplies, operations and

marketing appropriate quality assurance systems were in place to ensure

correctness at each step of the cycle. The company was in process of Acauirina ISO-

9001-2000 Certification of the plant to provide testimony to this. Alongside ISO

14001 and ohsas 18001 system certification was also in process to assure concern

and protection toward environment and for providing a safe & favorable working

conditions for the employees.

PAONTA SAHIBPaonta Sahib is one of the major industrial towns of Himachal Pradesh in India. It is

located in the south of Sirmour district, on National Highway 72. Major industries

are cement production (Cement Corporation of India in Rajban), power generation

and renewable energy, pharmaceuticals (Sun Pharmaceutical, Mankind Pharma

Limited), textiles, chemicals and food, as well as Asia's biggest limestone market at

Sataun. Paonta Sahib is an important place of worship for Sikhs, hosting a large

Gurdwara named Gurudwara Paonta Sahib, on the banks of the river Yamuna. The

river is the boundary between the states of Himachal Pradesh and Uttarakhand.

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PLACES TO VISIT

Paonta Sahib is an important religious spot for Sikhs and an industrial town. It is

believed that Guru Gobind Singh's horse stopped at Paonta Sahib on its own and

stayed here.Guests typically visit Paonta Sahib enroute on Chandigarh - Dehradun

route or a day visit from Dehradun.

RecommendationsMajor Sikh Pilgrimage Destinations in India"50 kms from Dehradun, 150 kms from

Chandigarh, Paonta Sahib is an important pilgrimage for Sikhs. It is believed that

Guru Gobind Singh's horse stopped at this place on its own and he decided to stay

here."

Significant Pilgrimages on Dehradun - Chandigarh route"Paonta Sahib (50 kms from

Dehradun, 150 kms from Chandigarh) is a significant pilgrimage for Sikhs and there

is a large Gurdwara here situated by the River. Paonta Sahib is popularly as a

standalone pilgrimage ex-Dehradun "

Access InformationNearest Airport -Dehradun (50 kms), Chandigarh (120 kms), Shimla (180 kms)

Nearest Railway Station - Dehradun (50 kms), Saharanpur (69 kms), Rishikesh (96

kms)

DEVELOPMENT PROFILE OF CITY/AREA

Paonta Sahib is a city surrounded by the beauty of Sirmour District in Himachal

Pradesh. An industrially sound city, Paonta Sahib is considered a sacred place for

the Sikhs who not just reside there but visit the place all year round. The city is

famous for its Gurudwara Paonta Sahib, the history of which stays closely connected

with the city and recalls tales from the lives of Sikh Gurus. Along with this, the city

is seen as a great center for industrial activities with a number of units set up along

its area. Paonta Sahib thus remains a popular tourist destination by being located

close to famous hill stations and offering a lot more in the city itself.

INDUSTRIAL SCENARIO

Industries play a major role when speaking of Paonta Sahib. Not only are some of the

prominent industries namely, Regency BioCare, Mankind Pharma along with other

well known textile, food and energy industries located here, but many new ventures

are also making their way. Carlesberg India, Zee Laboratories, Bajaj Corp Ltd,

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Ranbaxy, Marico Ltd are some more famous names one can associate with this

industrial part of district Sirmour.

While beverages and pharmaceutical companies are present in Paonta Sahib, there

are many more which form the business scene here. These include local

manufacturers to other national units of cosmetics, automobiles, chemicals and

much more. The combination of these companies with the rest make Paonta Sahib

an industrially sound and renowned city in the region and the country

The industries are mostly located in the industrial sector and Gondpur area of

Paonta Sahib. Leading manufacturing units being set up here has given great

economical and industrial boost to the city opening opportunities for the people as

well.

These industries contribute in generating good income providing job opportunities

and keeping Paonta Sahib busy and in notice through major manufacturing and

production. Businesses thus form the major source of raising the economic levels

particularly for the city and further adding to the district and state in totality.

The District Sirmour is proudly associated with the reputed Industrial houses like

Sun Pharma, Mankind Pharma, Marico, Bajaj oil, Carlsberg Beer, Himalayan

Mineral Water, Akorn inc, Blue Star, United Biscuits, Pioneer Embroidery, Himalaya

International Ltd, Tirupati Group etc. who have established their manufacturing

facilities in the District. Products being manufactured by these Industries have very

high quality standards which have achieved reputation in global markets. Yearwise

data of Industries set up for the last 10 years is as below.

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Google Maps of The Site

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Chapter No-3

AUCTION CUM TENDER SCHEDULE

3.a

Schedule-1

Asset Value of Company/ Item/Lot of Inventory

S.No

Particulars Reserve Price(In Crores)

Schedule Name

Page Reference

Land, Land Development1

Buildings & Civil Structures

186.59

2 Plant & Machineries 97.963 Other Lands: a.46-13-00

[Bighas] b.30-00-00 11.797.57

Please see the “Brochure of Auction cum Tender for Sale of Assets of M/s.Indian Technomac Limited in the matter of Company Petition 13 of 2014”

TOTAL 303.91

3.b

SCHEDULE No.-2

Events of Auction cum Tender:

Sr.

No Events Dates and Descriptions

1 Pre-bid Advertising to the intending buyers

for bidding

Immediately after the approval of “SALE

NOTICE” by Hon ble High Court.

For this Extensive Publicity as per para 13

of the Hon’ble High Court Order dated 2nd

August,2019 to be campaigned .

2 Inspection of the scheduled properties On Dated 05-09-2019 and 06-09-2019

from 11.00 am to 4.00 pm

3 Receiving of Tenders Upto 18-09-2019 upto 5.00 pm

4 Opening Bid of Tender Cum Auction On…19-09-2019 & 20-09-2019 at 11.30

Am.

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5 Earnest Money Deposit, Mode of Payment of

EMD and all other payments.

10 % of the Reserve Price by Cash ,DD

,NEFT/RTGS to the Seller s account .

6 Last date and time for payment of EMD . On or before dated 18-09-2019 up to 5.00

pm

7 Scheduled Date & time of opening

and closing of Auction for each Lot

Opening at

Dated 19-09-

2019.at 11.30 Hours

Closing at

Dated…20-09-

2019 at 16.00

Hours

8 Minimum Bid Increment 5% of the Reserve Price or in multiples

thereof.

10 Full and final Payment of Bid amount

(by adjusting EMD) by successful Bidder

Within 15 days from the date of receipt of

Confirmation of Bid in favor of the

successful Bidder.

11 Return of EMD of unsuccessful Bidders Refund at the option of bidders except for

Highest Bidder within 15 days.

12 Delivery of possession of the property Within 15.days from the date of issue of

sale letter.

13 Removal of moveable assets from the

premises

Within 15 days from the date possession

memo or sale letter.

14 Contact person in the office of the Seller for

inspection of scheduled property/ies/

moveable assets

G.D. Thakur, Deputy Commissioner State

Taxes and Excise, Distt Sirmour HP-

173001 Mobile N0. 8894230005

NOTE: The scheduled dates are tentative and subject to change till approved by the Hon’ble High Court

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3c.

Schedule No.-3

Seller,Venue,Competent and Authorized Person of Auction cum Tender

Seller’s Name Excise and Taxation Department, Distt Sirmour at

Nahan ,Himachal Pradesh attached with Hon’ble

High Court of Himachal Pradesh through the O/o

the Deputy Commissioner, State Taxes and

Excise Distt Sirmour Himachal Pradesh-173001,

Email

[email protected],gdthakur786@

mailhptax.gov.in

Tel No- 01702-222361[O]226214 [D]

Location Company Premises at M/s.Indian Technomac

Company Ltd Village Jagatpur, P O Misserwala, Paonta

Sahib, Himachal Pradesh

Tehsil Paonta

Distt Sirmour

State Himachal Pradesh

Country INDIA

Telephone 01702-222361[O]226214 [D],91-8894230005

Fax

Email [email protected],

[email protected]

Web page www.hptax.gov.in

Contact Person in

the office of the

seller

Shri G.D.Thakur Deputy Commissioner , State

Taxes and Excise ,Distt Sirmour 91-8894230005

Competent

AuthorityAs appointed by the Hon’ble High Court of

Himachal Pradesh, Shimla in Company Petition

No-13 of 2014 Order Dated 02nd August-2019

Hon’ble High

Court of

Himachal

Pradesh

mailto:%[email protected]

mailto:%[email protected]

mailto:[email protected]




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Authorized Officer As appointed by the Hon’ble High Court of

Himachal Pradesh, Shimla in Company Petition

No-13 of 2014 Order Dated…02nd August,2019

Excise and

Taxation

Deptt,Govt

of Himachal

Pradesh

Auction Team As constituted by the Competent Authority to

Assist the Authorized Officer to conduct the

Auction cum Tender Process

Supporting Staff As required by the Authorized Officer and

requisitioned by Office Order

Police Assistance As requisitioned by the Authorized Officer for the

smooth and safe conduct of Auction Process.

3.d

SCHEDULE No.- 4

Technical Details and Legal Enclosures Regarding Various Schedules Forming

Part of the Auction Cum Tender :

A. When Plant Is Proposed To Be Sold As An Industrial Unit:

S.No I.Technical Details Schedule Name Page Reference

iSchedule LRD [ Land Revenue Details] LRD 31-35

iiLand Development Schedule LDV 18

iiiBuilding and Civil Structures BCS 16-17

ivSchedule CAD [ Covered Area Details] CAD 36-37

v

Schedule SOC [ Specifications of Constructions] SOC 38-45

vi

Schedule VBB [ Valuation of each Building Block] VBB 19-21

VII

Schedule VPM [ Valuation of Plant & Machineries] VPM 18

viii Schedule-VD [Vehicles Details] VD 21-22

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B. When Industrial Unit Is Proposed to Be Sold Out as A Schedule of Item/Lot of Inventory:

1. Immoveable Property:

iSchedule- CAD-Covered Area Details CAD 36-37

iiSchedule-RAFS-Rate Analysis Factory Sheds RAFS 44

iiiSchedule- RAMS -Rate Analysis for Masonry Structures RAMS 45

ivSchedule- SOC –Specifications of Constructions SOC 38-45

C. Moveable Properties:

Lot No Lot Name

Lot Qty of Items and

Lots within

Lot Description Schedule Name Chapter/ Page Reference

1 SPGP 25STANDBY POWER

GENERATION PLANT (D.G.SET)

SAGP

2 SAF-1 11 SUBMERGED ARC FURNACE 1 SAF-1



5 132-SY 1 Lot 132 KV SWITCHYARD COMPRISING OF 132SY

6 33 SY-1 2 LOT 33 KV SWITCHYARD COMPRISING OF 33 SY-1

7 33SY-2 22 OLD ATP 33SY-2

8 11SY 5 11 KV SWITCHYARD COMPRISING OF 11SY

9 BL 9 BRICK LINE BL

10 MISC. 20 Miscellaneous Items MISC

Chapter 5

Page 23 to 30

Lots [1 TO 10] 107

D. Schedule of Vehicles SCHEDULE-VD 21-22

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II. Legal Attachments

A. Hon’ble High Court order dated 2nd August 2019 passed in Company Petition No.:13/2014

Schedule-Hon’ble High Court Order Dated 2nd August-

2019

Chapter No-11

60-68

B. Terms & Conditions of sale governing Auction cum Tender Schedule- T&C A 46-55

C. Auction cum Tender Forms Form I to IV 56-59

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Chapter-4

Valuation Schedule4a.

Approved Schedule by Hon’ble High Court

S.No Particulars Reserve Price Schedule Name Page Reference

Land, Land Development1

Buildings & Civil Structures

186.48

2 Other Lands[77-02-16 Bighas] 19.47

Schedule- Plan 2 Immoveables

2 Plant & Machineries 97.96

Schedule Plan2 Moveables

TOTAL 303.91

4b.

Immoveable Asset Valuation

Earnest Money Deposit

Page Referenc

e

S.No. Particulars

Cost of Structure.

Cost of Land Reserve Price

[EMD] In Crs.

Chapter

1 2 3 4 5 6 7 81 Block-1 62883800 9757860 72641660 72641662 Block-2 267673680 44612280 312285960 312285963 Block-3 312017400 52002900 364020300 36402030

4 Block-4 229017420 38169570 267186990 267186995 Block-5 156636060 32037120 188673180 18867318

6 Block-6 164700640 30881370 195582010 19558201

7 Block-7 71244000 11874000 83118000 8311800

8 Block-8 74261520 12710640 86972160 86972169 Block-9

Gas Plant27380000 3285600 30665600 3066560

10 Block-10 93522600 7793550 101316150 1013161511 Block-11 33422500 3132550 36555050 3655505

Chapter

4

Page-15-23

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12 Guest House

5625000 675000 6300000 630000

13 Open Land

120488370

0

14 Other Lands[77-02-16] Bighas

194700000

0

Grand Total

1498384620 562120810 2060505430 206050543

4c. Moveable Assets Valuation

S. No. AREA CLASSIFICATION Reserve Price in Rs EMD In Rs. Chapter

Page Reference

1 Shed 1 And Outside Vehicles 13101300 13101302 STANDBY POWER DG SET 50133650 50133653 PRODUCTION AREA SUBMERGED ARC FURNACE 1 117543880 117543884 PRODUCTION AREA SUBMERGED ARC FURNACE 2 117543880 117543885 PRODUCTION AREA SUBMERGED ARC FURNACE 3 117543880 117543886 POWER STATION 132 KV SUBSTATION 340952850 340952857 POWER HOUSE 33KV SUBSTATION 21351100 21351108 SHED 16 OLD ATP 52517000 52517009 SWITCH YARD 11KV 12696800 1269680

10 BRICK LINE OPPOSITE MAIN SHED 13210000 132100011 Misc. Equipments 24508055 245080612 ETP SHED 20 TO 16 1625000 16250013 Misc. scrap Shed near DG set 2500000 250000 Sub-Total (1-13) 885227395 88522740

14Supporting Platform/ Structure 94330565 9433057

Chapter

-4

15-23

Total 979557960 97955796

4d.Schedule -BCS

Building and Civil Structures

Rate ofConstruction

S.No. Particulars Area in Sq.m.

(Rs. per sq. mt.)

Reserve Price (In Rs.)

EMD In Rs

1 Block-1 has 2 parts 1a Administrative & 1b Store & Shed

1a. 619.52

sq.m.25000 15488000.00

1548800 1b. 2633.10 18000 47395800.00 4739580

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sq.m.2 Block-2 Shed No. 1, 2, 3, &

414870.76

sq.m.18000 267673680.00

267673683 Block-3 Shed No. 5, 6, 7, 8

& 9

17334.30

sq.m.18000 312017400.00

312017404 Block-4 Shed No. 10, 11, 12

& 1312723.19

sq.m.18000 229017420.00

229017425 Block-5 Shed No. 14 & 15 3564.75

sq.m. 7114.29

sq.m.

16000 57036000.00

5703600Block-6 Shed No. 15b, 15c,16,17,18,19 &20

10293.79 sq.m.

14000 99600060.009960006

6

16, 17, 18, 19 & 20 16000 164700640.00 164700647 Block-7 Brick Plant 3958.00

sq.m.18000 71244000.00

71244008 Block-8 Oil Drum Store & 3736.30

sq.m.18000 67253400.00

6725340 Mechanical Maintenance

Workshop

9 Block-9 Gas Plant 500.58

sq.m.14000 7008120.00

700812 1095.20

sq.m.25000 27380000.00

2738000Block-10 Aluminum 5595.70

sq.m.18000 93522600.00

935226010

Atomizer Mezzanine Floor 11 Block-11 has 2 parts 11a

Administrative Block & 11b Store

11a. 354.10

sq.m.25000 8852500.00

885250 11b. 982.80

sq.m.25000 24570000.00

245700012 Guest House 225.00

sq.m.25000 5625000.00

56250013 Dispensary 48.00 sq.m. 25000 1200000.00 12000014 Sub Station Office 201.39

sq.m.25000 5034750.00

50347515 Panel Room 33 KV 461.21

sq.m.25000 11530250.00

115302516 Security Room gate no. 6 12.00 sq.m. 25000 300000.00 3000017 Covered Parking 450.00

sq.m.18000 8100000.00

81000018 Open Parking 525.00

sq.m.14000 7350000.00

73500019 Public Toilet 97.20 sq.m. 25000 2430000.00 24300020 Overhead Water Tank 2 nos. 2000000 4000000.00 400000

1538329620.00 153832962 Grand Total 153.83 In Crs 15.38 Crs

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4e.

Schedule-LDV

Land Developments

Add for land scaping, providing internal roads and paths, sewer, filter water supply, storm water drains, street lightings,covered with boundary wall partly in brick masonay & partly in CGI Sheet cladding, pavement and site development etc. has been taken @ 5 % of the total civil cost of the building - Rs. 769.16 lakhs or Rs.7.69 Crores.

[Himcon Valuation Extract]

4f.

Value of Plant & Machinery

Schedule –VPM

S. No.

AREA CLASSIFICATION Reserve Price in Rs.

EMD In Rupees

1 Shed 1 And Outside Vehicles 30909680 30909682 STANDBY POWER DG SET 69297549 69297553 PRODUCTION AREA SUBMERGED ARC FURNACE 1 160281999 16028200

4 PRODUCTION AREA SUBMERGED ARC FURNACE 2 160281999 16028200

5 PRODUCTION AREA SUBMERGED ARC FURNACE 3 160281999 16028200

6 POWER STATION 132 KV SUBSTATION 338225227 338225237 POWER HOUSE 33KV SUBSTATION 27559992 27559998 SHED 16 OLD ATP 67245200 67245209 SWITCH YARD 11KV 17437376 1743738

10 BRICK LINE OPPOSITE MAIN SHED 22682080 226820811 Misc. Equipments 30368784 303687812 ETP SHED 20 TO 16 2108000 21080013 Misc. scrap Shed near DG set 4216000 421600 Sub-Total (1-13) 1090895886 109089589

14 Supporting Platform/ Structure

159079065 15907906

Total 1249974950 124997495

4g.

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Annexure-VBBValuation of Building Blocks

S.No. Particulars Area in Sq.m. Rate of Construction

(Rs. per sq. mt.)

Amount (In Rs.)

1 Block-1 has 2 parts 1a Administrative & 1b Store & Shed

1a. 619.52 sq.m. 25000.00 15488000.00

1b. 2633.10 sq.m. 18000.00 47395800.00

2 Block-2 Shed No. 1, 2, 3, & 4

14870.76 sq.m. 18000.00 267673680.00

3 Block-3 Shed No. 5, 6, 7, 8 & 9

17334.30 sq.m. 18000.00 312017400.00

4 Block-4 Shed No. 10, 11, 12 & 13

12723.19 sq.m. 18000.00 229017420.00

5 Block-5 Shed No. 14 & 15

3564.75 sq.m. 7114.29 sq.m.

16000.00

14000.00

57036000.00

99600060.00

6 Block-6 Shed No. 15b, 15c 16, 17, 18, 19 & 20

10293.79 sq.m. 16000.00 164700640.00

7 Block-7 Brick Plant

3958.00 sq.m. 18000.00 71244000.00

8 Block-8 Oil Drum Store &

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Mechanical Maintenance Workshop

3736.30 sq.m.

500.58 sq.m.

18000.00

14000.00

67253400.00 7008120.00

9 Block-9 Gas Plant

1095.20 sq.m. 25000.00 27380000.00

10 Block-10 Aluminum Atomizer Mezzanine Floor

5595.70 sq.m. 18000.00 93522600.00

11 Block-11 has 2 parts 11a Administrative Block & 11b Store

11a. 354.10 sq.m. 25000.00 8852500.00

11b. 982.80 sq.m. 25000.00 24570000.00

12 Guest House

225.00 sq.m. 25000.00 5625000.00

13 Dispensary

48.00 sq.m. 25000.00 1200000.00

14 Sub Station Office

201.39 sq.m. 25000.00 5034750.00

15 Panel Room 33 KV

461.21 sq.m. 25000.00 11530250.00

16 Security Room gate no. 6

12.00 sq.m. 25000.00 300000.00

17 Covered Parking

450.00 sq.m. 18000.00 8100000.00

18 Open Parking

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525.00 sq.m. 14000.00 7350000.00

19 Public Toilet

97.20 sq.m. 25000.00 2430000.00

20 Overhead Water Tank

2 nos. 2000000.00 4000000.00

Grand Total 1,538,329,620.00 or Rs.153.83

Crores

4h.

Schedule-VD

Vehicles Valuation:

Sr. No. Vehicle & reg. No Year of make

Reserve Price value in Rs.

EMD In Rs.

1 TATA MAGIC-HP17B-2581 2010 100000 100002 TATA PICKUP HP71-0566 2009 90700 90703 TATA WINGER HP17B-6718 2011 282600 282604 AMBULANCE 2011 316800 316805 TRACTOR MAHINDRA HP17B-

45382010 271700 27170

6 TRACTOR MAHINDRA HP17B-4539

2010 271700 27170


2010 274800 27480


2010 274800 27480

9 TRACTOR SWARAJ HP17B-6861 2011 301500 30150




13 J.C.B. HP17B-4537 2010 616200 6162014 J.C.B. HP17B-6761 2011 821000 8210015 J.C.B. HP17B-6760 2011 821000 8210016 J.C.B. HP17B-6759 2011 821000 82100

P a g e | 22

17 J.C.B. HP17C-526 2012 0 018 J.C.B. JP17C-527 2012 0 019 HYDRA HR02-1363 2009 260800 2608020 HYDRA HP17B6092 2010 375700 3757021 HYDRA HP17B-6723 2011 556900 5569022 HYDRA HP17B-6722 2011 556900 5569023 HYDRA HP17B-6717 2011 556900 5569024 HYDRA HP17B-6719 2011 506000 5060025 TIPPER HP17B-6823 2011 740000 7400026 TIPPER HP17B-6824 2011 740000 7400027 TIPPER HP17B-9158 2011 742500 7425028 TIPPER HP17B-9159 2011 742500 7425029 TIPPER HP17B-9160 2011 0 030 TIPPER HP17B-9161 2011 0 031 COMPACTOR/VIBRATOR 2011 810000 8100032 Bolero DL6CJ -9397 2011 250000 2500033 MARUTI SX4 DL3CUB-1331 2011 225000 2250034 MARUTI SX4 DL8CB-7124 1996 75000 750035 MARUTI WINGER DL8CP-2435 2008 100000 10000

36 MARUTI WINGER DL8CNB-5654 2009 100000 10000

37 MOTOR CYCLE XCD125DTS SI HP18-4710

2008 6000 600

38 SCOOTER HONDA ETERNA HP18A-4709

2008 5000 500

39 Power Driven Road Seeping M/C. 100000 10000

1300 star, gore filtration products

13104300 1310430

Note: 1.S.NO. 17,18,29,30 Vehicles are already handed over to ICICI in DRT Order2.S.No. 33 to 37 vehicles ,Valuation Report is awaited from the HPPWD Nahan received

P a g e | 23

Chapter No-5

Detail Schedule of Moveable Assets with Valuation

S.No Particulars Specification /

Capacity

Quantity

Unit Location Reserve Price [In Rs]

Earnest Money Deposit [EMD] In

Rs.1 STANDBY POWER GENERATION PLANT (D.G.SET)

1.1 EOT Crane 3 MT 1 Nos. DG Room Area

250000.00 25000 1.2 11kV VCB Panel 1600 A 4 Nos. DG Room Area

3600000.00 360000 1.3 11kV Panel (4

VCBs)1600A x 4

1 Nos. DG Room Area

900000.00 90000 1.4 Window AC 1 TR 1 Nos. DG Room Area

5000.00 500 1.5 DG MCC Panel 3 Nos. DG Room Area

1875000.00 187500 1.6 MCC Panel 1 Nos. DG Room Area

300000.00 30000 1.7 Neutral Grounding

Resistor & Panel 3 Nos. DG Room Area

487500.00 48750Batteries & Battery 1.8

Charger 1 Nos. DG Room Area

137500.00 137503 Nos. DG Sets Control

Panel cum 2405500 240550

1.9

Synchronizing Panel

1 Nos. DG Room Area

1.10 DG Excitation Panel

3 Nos. DG Room Area

1072500 107250 1.11 ATP PLC Panel 1 Nos. DG Room Area

375000 37500 1.12 Almirah 3 Nos. DG Room Area

22500 2250Cooling Tower 1.13

Centrifugal Pump Motor

22 kW 1 set DG Room Area

100000 10000

1.14 Tranformer Kirloskar make

500 kVA

1 Nos. DG Room Area

319150 31915 1.15 Wartsila make DG

Sets2500 kVA

3 Nos. DG Room Area

32370000 3237000

P a g e | 24

1.16 Cummins make DG Set

700 kVA

1 Nos. DG Room Area

2177500 217750 1.17 Kirloskar make DG

Set82.5 kVA

2 Nos. DG Room Area

357500 35750 1.18 DG Sets Stack 3 Nos. DG Room Area

487500 48750 1.19 Main DG Sets

Chimney 1 Nos. DG Room Area

600000 60000 1.20 Water Softner for

DG Sets 1 set DG Room Area

25000.00 2500 1.21 Pump 2 HP 1 Nos. DG Room Area

2000.00 200 1.22 Air compressor 15 kW 2 Nos. DG Room Area

150000.00 15000 1.23 Centrifuge 3 Nos. DG Room Area

300000.00 30000 1.24 Oil Heating System 1 Nos. DG Room Area

125000.00 12500 1.25 FO Storgae Yard 1 Lot DG Room Area

1690000.00 169000Sub-Total (1)

LOT NO-1

SPGP

50133650.00

5013365

2 SUBMERGED ARC FURNACE 1 2.1 Submerge Arc

Furnace Control & Relay Panel

10 / 5 MT

1 Nos. Shed No. 4 97500000 9750000

2.2 Capacitor Control & Relay Panel

1 Nos. Shed No. 4

225000 22500

2.3 Submerge Arc Furnace Control Desk

1 Nos. Shed No. 4

125000 12500 2.4 Godrej Forklift

Model GX3 100 DYear of Mfg. 2011

1 Nos. Shed No. 4

200000 20000 2.5 Transformer 6000kV

A1 Nos. Shed No. 4

2946000 294600 2.6 Auto Transformer 6000

kVA1 Nos. Shed No. 4

2297880 229788Hydraulic Pack for 2.7

Submerge Arc Furnace

1 Nos. Shed No. 4

5000000 500000

P a g e | 25

Paharpur make, 175

CMH Cross

500000 50000

2.8 Cooling Tower

Flow

1 Nos. Shed No. 5

2.9 Raw material

Handling System 1 Line Shed No. 4

5000000 500000 2.10 Furnace Cooling

Unit 1 Set Shed No. 4

2500000 250000 2.11 Air Polution

Control Devices75000 CFM

1 Set Shed No. 4

1250000 125000 Lot No-

2SAF-1

20043880

2004388



10 / 5 MT

1 Nos. Shed No. 4

97500000 9750000


1 Nos. Shed No. 4

225000 22500 3.3 Submerge Arc

Furnace Control Desk

1 Nos. Shed No. 4

125000 12500 3.4 Godrej Forklift

Model GX3 100 DYear of Mfg. 2011

1 Nos. Shed No. 4

200000 20000 3.5 Transformer 6000kV

A1 Nos. Shed No. 4

2946000 294600 3.6 Auto Transformer 6000

kVA1 Nos. Shed No. 4

2297880 229788Hydraulic Pack for 3.7

Submerge Arc Furnace

1 Nos. Shed No. 4

5000000 500000

Paharpur make, 175

CMH Cross

500000 50000

3.8 Cooling Tower

Flow

1 Nos. Shed No. 5

3.9 Raw material

Handling System 1 Line Shed No. 4

5000000 500000 3.10 Furnace Cooling

Unit 1 Set Shed No. 4

2500000 250000

P a g e | 26

3.11 Air Polution Control Devices

75000 CFM

1 Set Shed No. 4

1250000 125000 Lot No-

3SAF-2

117543880 11754388



10 / 5 MT

1 Nos. Shed No. 4 97500000 9750000


1 Nos. Shed No. 4 225000 22500

4.3 Submerge Arc Furnace Control Desk

1 Nos. Shed No. 4 125000 12500

Godrej Forklift Model

4.4

GX3 100D

Year of Mfg. 2011

1 Nos. shed 4 200000 20000

4.5 Transformer 6000kVA

1 Nos. Shed No. 4 2946000 294600

4.6 Auto Transformer 6000 kVA

1 Nos. Shed No. 4 2297880 229788

Hydraulic Pack for 4.7Submerge Arc Furnace

1 Nos. Shed No. 4 5000000 500000

Paharpur make, 175 CMH Cross

4.8 Cooling Tower

Flow

1 Nos. Shed No. 5 500000 500000

4.9 Raw material Handling system

1 lot shed No. 4 5000000 500000

4.10 Furnace Cooling Unit

1 Set Shed No. 4 2500000 250000

4.11 Air Polution Control Devices

75000 CFM

1 Set Shed No. 4 1250000 125000

Lot No-4

SAF-3 117543880 11754388

5 132 KV SWITCHYARD COMPRISING OF

Power Transformer &

31.5 MVA x 2

132 kV

Other Switchyard Nos., 132 kV

Switchyard 340952850.00

34095285

5.1

Equipments / 33 kV

1 Lot

Lot No-

5132-SY

340952850.00

34095285

6 33 KV SWITCHYARD COMPRISING OF 6.1 Power

Transformer, 33 2500 kVA x 2

1 Lot 132 kV

P a g e | 27

kV Main Power Cum Distribution Panel Nos., 33

kV / Switchyard 21011100 210111

0 433 V 433 kV Main PCC cum

132 kV 6.2

Distribution Panel

1 Lot

Switchyard 340000 34000 LOT

NO-6Sub-Total (6)

21351100 2135110

7 OLD ATP 7.1 Vibrating Screen 3 Stages 1 Nos. Shed No. 8

1320000 132000 7.2 Jaw Crusher 36" x 6" 1 Nos. Shed No. 8

1625000 162500

7.3 Jaw Crusher 21" x 11"

1 Nos. Shed No. 8

1320000 132000 7.4 Jaw Crusher 18" x

17"1 Nos. Shed No. 8

990000 99000Raw Material Feed System with Belt 792000 79200

7.5

Conveyor

1 Nos. Shed No. 8

Raw Material Feed System with Belt 528000 52800

7.6

Conveyor (Feed to Shed 5)

1 Nos. Shed No. 7

7.7 MN / GH1 Feed Line with 2 Stage belt conveyor

1 Nos. Shed No. 8

1650000 165000 7.8 SIMN / GH Feed

Line with 2 Stage belt conveyor

1 Nos. Shed No. 8

1650000 165000 7.9 ID Fan 10000

CMH1 Nos. Shed No. 8

462000 46200 7.1 Rotary Dryer for

MN / GH Feed Line 2 Nos. Shed No. 8

1320000 132000Belt Conveyor post Rotary Dryer for MN /

330000 330007.11

GH Line

1 Nos. Shed No. 8

MN / GH Feed Line Ball

7.12

Mill

With 450 HP Motor

1 Nos. Shed No. 8

3300000 330000

P a g e | 28

SIMN / GH Feed Line

7.13

Ball Mill

With 150 HP Motor

1 Nos. Shed No. 8

2310000 231000MN / GH Feed Line Discharge Screw 330000 33000

7.14

Conveyor

1 Nos. Shed No. 8

SIMN / GH Feed Line

Discharge Screw 330000 33000

7.15

Conveyor

1 Nos. Shed No. 8

7.16 Batching

Equipment (For preparation of 2 batches)

2 Nos. Shed No. 7 & 8 3960000 396000

7.17 Dust Collection System

1 Nos. Shed No. 8 330000 33000

7.18 Batch Transfer belt conveyor with vibrator

2 Nos. Shed No. 7 1980000 198000

7.19 ATP Furnace INDUCTION

20 Nos. Shed No. 6

26400000 2640000

7.2 0 BALL MILL 1 Nos. Shed No.8

1320000 132000 7.21 Ladles 1 lot shed No.8

20,000.00 2000 7.22 Dust supression

system 1 shed No8

250000 25000 LOT

NO-733SY

52517000 5251700

8 11 KV SWITCHYARD COMPRISING OF 8.1 Transformer 33kV

/ 433 V2500 kVA

2 Nos. Shed No. 5 3240600 324060

8.2 Transformer 33kV / 11 kV

10000 kVA

1 Nos. Shed No. 5 6481200 648120

33kV VCB Panel (12

Sections) with Capacitor

2700000 270000

8.3

Bank Sections (3 Nos.)

1 Nos. Shed No. 5

8.4 11kV VCB Panel 1 Nos. Shed No. 5 225000 225008.5 Battery Charger.

(All batteries removed).

1 Nos. Shed No. 5 50000 5000

LOT NO-8

11SY 12696800 1269680

9 BRICK LINE9.1 Pulverizer with

dust collection 3 Nos.

P a g e | 29

system 750000 75000 9.2 Feed line with belt

conveyor 2 Nos.

500000 50000 9.3 Jaw Crusher 2 Nos.

700000 70000 9.4 Vibrating System 2 Nos.

300000 30000 9.5 Belt Conveyors 5 Nos.

10000000 1000000

Material transfer equipment from 1 belt

9.6

conveyor to other belt conveyor

1 Nos.

250000 25000

9.7 Output roller cum belt horizontal flat conveyor

1 Nos.

200000 20000 9.8 Dust Suppression

System 1 Nos.

500000 50000 9.9 PULVERIZER 2

10000 1,000.00

LOT No-9

BL 13210000 1321000

10 MISCELLANEOUS 10.1 CABLES ` 1 Lot

19000000 1900000

10.2 Welding Machines 6 Nos. 15,000.00 1500

10.3 Rolling Machine 1 Nos. 100000 10000

10.4 Shearing Machine 1 Nos. 75000 7500

10.5 Bending Machine 1 Nos. 125000 1250010.6 Radial Drill

Machine 1 Nos. Shed No. 4 75000 7500

10.7 Welding Machine DC Rectifier

1 Nos. Shed No. 4 2500 250

10.8 Radial Drill Machine

2 Nos. Shed No. 4 (Workshop)

100000 10000

10.9 Drill Machine 1 Nos. Shed No. 4 (Workshop)

12500 1250

10.1 Cutting Machine 1 Nos. Shed No. 4 (Workshop)

20000 2000

P a g e | 30

10.11 Shaper 1 Nos. Shed No. 4 (Workshop)

37500 3750

10.12 Lathe 3 Nos. Shed No. 4 (Workshop)

60000 6000

10.13 Milling Machine 1 Nos. Shed No. 4 (Workshop)

125000 12500

10.14 Welding Machine 2 Nos. Shed No. 4 (Workshop)

5000 500

10.15 Air Compressor Elgi

E-75, 75 kW


525000 52500

10.16 Air Compressor Elgi

E-55, 55 kW


300000 30000

ID Fan 60000

CMH with

2250000 225000

150 HP

10.17 Dust Collection System with ID Fan

Motor

3 Nos. Shed No. 4

Pressure 60

10.18 Cooling Blower

mmHg, 35000 CMH

3 Nos. Shed No. 3

1050000 105000

10.19 Reciprocating compressor

2 STAGE 1 Nos. SHED NO.11

75,000.00 750010.2 SCREW

COMPRESSORE55 2 Nos. SHED NO.11

555555 55556 Lot No-

10 MISC.

24508055 2450806

TOTAL (1-10)

Lot No 1 to 10 770501095

77050110

Chapter No-6

P a g e | 31

In the Matter of India Technomac Company Immovable Property

Status of Immovable property Details as on 29.07.2019

Sr. No

.

Had Bast No.

Khewat No. Khasra No.

Jama Bandi Year

Ownership name

Ownership

name

Area in

Bighas

Excise Deptt. (Red Entry

Excise Deptt.

(Attachment)

1 147 69

415/83/40, 416/83/40,

252/84/44,413/380/254/84/40,

381/254/84/40, 382/254/84/40,

409/85/46, 411/85/46 Jagatpur

2016-17 ITCOL ITCOL 31-09-00 31-09-00 31-09-00

2 147 4

151/81/11, 279/152/80/11,

318/154/101/35, 322/36, 325/37, 326/38 Jagatpur

2016-17 ITCOL ITCOL 20-14-00 20-14-00 20-14-00

3 147 3/19 324/37, 2016-17 ITCOL ITCOL 00-04-00 00-04-00 00-04-00

4 147 3/20 328/38, 2016-17 ITCOL ITCOL 01-13-00 01-13-00 01-13-00

5 147 3/21277/149/90/10, 278/49/90/10, 280/152/80/11

2016-17 ITCOL ITCOL 09-09-00 09-09-00 09-09-00

6 147 3/24 148/90/10 2016-17 ITCOL ITCOL 02-08-00 02-08-00 02-08-00

7 147 3/25 39 2016-17 ITCOL ITCOL 13-10-00 13-10-00 13-10-00

8 147 2/9 460/320/36, 427/329/38 2016-17 ITCOL ITCOL 03-

06-00 03-06-00 03-06-00

9 147 2/9 330/256/52, 474/333/44 2016-17 ITCOL ITCOL 03-

01-00 03-01-00 03-01-00

10 147 2/9 476/22/41 2016-17 ITCOL ITCOL 01-16-00 01-16-00 01-16-00

11 147 2/9

423/329/38, 424/329/38, 425/329/38, 246/329/38,

419/41, 420/41, 428/343/159/45

2016-17 ITCOL ITCOL 12-13-00 12-13-00 12-13-00

12 147 2/11 461/320/36, 421/41, 2016-17 ITCOL ITCOL 00-

18-00 00-18-00 00-18-00

13 147 2/12 429/343/159/45 2016-17 ITCOL ITCOL 00-08-00 00-08-00 00-08-00

LAND REVENUE DETAILS

6a.Annexure-LRD

P a g e | 32

14 147 2/15 342/159/45 2016-17 ITCOL ITCOL 00-10-00 00-10-00 00-10-00

15 147 1/2

447/275/89/10, 456/319/154/101/

35, 459/321/36, 464/327/38, 466/332/42,

436/43, 469/335/44

2016-17 ITCOL ITCOL 09-00-00 09-00-00 09-00-00

16 147 2/9 to 2/18

Out of kita 32 Jagatpur 2016-17

Vinay Kumar S/o Sh.

Madan Lal

Vinay Kumar S/o Sh. Madan

Lal

04-00-17 04-00-17 04-00-17

17 147 2/9 293/234/98/31 2016-17

Vinay Kumar S/o Sh.

Madan Lal


Lal

00-05-00 00-05-00 00-05-00

18 147 1/1 to 1/8 Out of Kita 34 2016-17

Vinay Kumar S/o Sh.

Madan Lal


Lal

00-12-10 00-12-10 00-12-10

19 147 1/3 449/319/154/101/35 2016-17

Vinay Kumar S/o Sh.

Madan Lal


Lal

00-15-10 00-15-10 00-15-10

20 147 1/4 450/319/154/101/35 2016-17

Vinay Kumar S/o Sh.

Madan Lal


Lal

00-15-10 00-15-10 00-15-10

21 147 1/2

446/275/89/10, 451/319/154/101/

35, 455/319/101/35,

458/321/36, 463/327/38, 465/332/42,

435/43, 468/335/44

2016-17 ITCOL ITCOL 09-04-00 09-04-00 09-04-00

22 147 1/6

445/275/89/10, 453/319/154/101/

35, 454/319/154/101/

35, 156/101/35, 457/321/36,

323/37, 462/327/38,

434/43, 467/335/44

2016-17 ITCOL ITCOL 09-00-00 09-00-00 09-00-00

P a g e | 33

23 147 1/7 448/319/154/101/35, 2016-17 ITCOL ITCOL 00-

15-00 00-15-00 00-15-00

24 147 9/36 Out of Kita 5, Jagatpur 2016-17

Vinay Kumar S/o Sh.

Madan Lal


Lal

00-19-00 00-19-00 00-19-00

25 147 9/39 444/88/10 2016-17 ITCOL ITCOL 01-05-00 01-05-00 01-05-00

26 147 9/40 441/88/10 2016-17

Vinay Kumar S/o Sh.

Madan Lal


Lal

00-01-00 00-01-00 00-01-00

27 147 9/41 440/88/10 2016-17

Vinay Kumar S/o Sh.

Madan Lal


Lal

00-02-00 00-02-00 00-02-00

28 147 9/42 443/88//10 2016-17 ITCOL ITCOL 01-05-00 01-05-00 01-05-00

29 147 9/42 442/88//10 2016-17 ITCOL ITCOL 01-05-00 01-05-00 01-05-00

30 147 13/51 276/149/90/10 2016-17

Vinay Kumar S/o Sh.

Madan Lal


Lal

00-10-00 00-10-00 00-10-00

31 147 15/53 Out of Khasra no. 296/234/98/31 2016-17

Vinay Kumar S/o Sh.

Madan Lal


Lal

00-15-00 00-15-00 00-15-00

32 1476,46/30, 103

401/398/301/324/98/31, 410/85/46,

406/86/46, 4085/87/46, 262/160/52,

472/264/161/52, 471/143/125/68

2016-17

Vinay Kumar S/o Sh.

Madan Lal


Lal

16-09-00 16-09-00 16-09-00

33 146 428/579

828/424 Misserwala 2016-17

Vinay Kumar S/o Sh.

Madan Lal


Lal

02-00-00 02-00-00 02-00-00

34 152

158/257,

Tokion

655/292/52 2016-17

Vinay Kumar S/o Sh.

Madan Lal


Lal

12-10-00 12-10-00 12-10-00

P a g e | 34

35 148

4,37/4,39

Malion

463/372/315/162/96,

609/293/232/177/87, 160/91,.

161/96, 165/97, 166/98, 168/99

2016-17

Vinay Kumar S/o Sh.

Madan Lal


Lal

07-13-00 07-13-00 07-13-00

36 148 32/34 out of kita 3, Malion 2016-17

Vinay Kumar S/o Sh.

Madan Lal


Lal

03-00-19 03-00-19 03-00-19

37 148 44/47 100, Malion 2016-17 ITCOL ITCOL 05-00-00 05-00-00 05-00-00

38 156 72/95Out of kita 2,

Mauja Rampur Majri

2015-16

Vinay Kumar S/o Sh.

Madan Lal

Sh. Vinay Kumar

46-13-00 46-13-00 _

39 157 166/256

597/353/268/201, Bharapur 2015-16

Vinay Kumar S/o Sh.

Madan Lal

Sh. Vinay Kumar

30-00-00 30-00-00 _

265-14-16

265-14-16

6b.

Schedule- LAD-2

Land Area Details-Broad Ownership

a).In the Name of Company

Area in Bigha Biswa Biswansi

HB No Village Name Bigha Biswa Biswansi Total Area

147 Jagatpur 125 173 0 125-173-00148 Malion 5 0 0 05-00-00

Total (a). 130 173 0 138-13-00(b).In the Name of Director

147 Jagatpur 20 103 37 20-103-37148 Malion 10 13 19 10/13/2019146 Misserawala 2 0 0 2-0-0152 Tokion 12 10 0 12-10--19

P a g e | 35

156 Rampur Majri 46 13 0 46-13--00157 Bharapur 30 0 0 30-00--00

Total (b). 120 139 56 127-01-16 Total(a+b) 250 312 56 265-14-16

6c.Schedule-FAD

Factory Area Details

S.No. Factory Area Details: Square Mtrs Acres Bighas1 Factory Area -Building

and Structure 86996.18 20.7 99.61

2 Road and Drain Area 31818.23 7.86 37.833 Open Area in the

Factory Premises37384.52 10.55 50.77

4 Total Area within Company Boundary Wall

156198.93 39.11 188.21

5 Other Land Outside Factory Limits.

64462.65 15.82 76.13

(4+5) Total Area 220661.58 54.93 265=14=16

P a g e | 36

CHAPTER NO-7

COVERED AREA DETAIL

Schedule-CAD

S.No. Total Covered Area In sq. mtrs.

A. Ground Floor

1 Block-1 (Administrative Block) 619.52

2 Block-1 (Store & Shed) 2633.10

3 Block-2 (Shed No. 1, 2, 3 & 4) 14870.76

4 Block-3 (Shed No. 5, 6, 7, 8 & 9) 17334.30

5 Block-4 (Shed No. 10, 11, 12 & 13) 12723.19

6 Block-5 (Shed No. 14 & 15) 10679.04

7 Block-6 (Shed No. 15b, 15c, 16, 17, 18, 19 & 20) 10293.79

8 Block-7 (Brick Plant) 3958.00

9 Block-8 (Oil Drum Store & Mechanical Maintenance Workshop)

4236.88

10 Block-9 (Gas Plant) 1095.20

11 Block-10 (Aluminum Atomizer) 2597.85


13 Block-11 (Store) 491.40

14 Guest House 225.00

15 Dispensary 48.00

16 Sub Station Office 201.39

17 Panel Room 33 KV 461.21

P a g e | 37

18 Security Room gate no. 6 12.00

19 Covered Parking 450.00

20 Open Parking 525.00

21 Public Toilet 97.20

Total 83772.18

B First Floor

22 Block-10 (Aluminum Atomizer) 2597.85


24 Block-11 (Store) 491.40

Total 3,224.00

A+B Total Ground & First Floor Area 86996.18

P a g e | 38

Chapter No-8

SPECIFICATIONS OF CONSTRUCTION:

Annexure-SOCThere are mainly two types of structures

A. Factory Sheds

B. Masonry Structures ( office / residence/ services etc.)

THE SPECIFICATIONS OF EACH BUILDING BLOCK ARE LISTED BELOW:

SPECIFICATIONS

S.NO. PARTICULARS Rate ofConstruction(Rs. per sq.

mt.

BLOCK-1

Block 1 has 2 parts 1a Administrative & 1b Store &

Shed

1a. • Height 4.00 mt. Single Story• Load Bearing Structure• Brick wall• Wooden Door/Window • A. C. Sheet Roofing• C.C. Flooring• Cement Plaster • Sanitary/water Install• Electrification

25000.00

1b. • Height 6.00 mt.• Steel structure• CGI walls partly covered• CGI Sheet Roof• C.C. Flooring

18000.00

BLOCK-2 Shed No. 1, 2, 3, & 4

P a g e | 39

• Height 13.00 mt.• Steel structure• CGI walls• CGI Sheet Roof• C.C. Flooring• 3 nos Chimney

18000.00

BLOCK-3 Shed No. 5, 6, 7, 8 & 9

• Height 13.00 mt.• Steel structure• CGI walls

18000.00

• CGI Sheet Roof• C.C. Flooring• System of Crane & Tracks• 1 nos Chimney

BLOCK-4 Shed No. 10, 11, 12 & 13

• Height 13.00 mt.• Steel structure• CGI walls• CGI Sheet Roof• C.C. Flooring

18000.00

BLOCK-5 Shed No. 14 & 15

• Height 13.00 mt.• Steel structure• CGI Sheet Roof• C.C. Flooring• Partly Open Area & No Roof

16000.00

14000.00

BLOCK-6 Shed No. 15b, 15c 16, 17, 18, 19 & 20

• Height 13.00 mt.• Steel structure• CGI Sheet Roof• C.C. Flooring

16000.00

BLOCK-7 Brick Plant

P a g e | 40

• Height 13.00 mt.• Steel structure• CGI Roof• CGI walls• C.C. Flooring

18000.00

BLOCK-8 Oil Drum Store & Mechanical Maintenance Workshop

• Height 6.00 mt. Steel structure• CGI Sheet Roof• CGI walls• C.C. Flooring• 2 nos Chimney• Partly Open Area & No Roof

18000.00

14000.00

BLOCK-9 Gas Plant

• Height 6.00 mt. Single story• R.C.C Frame structure• CGI Sheet Roof

25000.00

C.C. Flooring

BLOCK-10 Aluminum Atomizer

• Height 10.00 mt. Two Story• Steel Structure• CGI Sheet Roof• CGI walls• C.C. Flooring• Mezzanine Floor

18000.00

BLOCK-11 Block 11 has 2 parts 11a Administrative Block & 11b Store

11a. • Height 10.00 mt. Two Story• R.C.C Frame Structure / Steel Structure• Brick wall• Cement Plaster • Aluminum Door/Window• CGI Sheet Roof• C.C. Flooring

25000.00

P a g e | 41

11b. • Height 6.00 mt. Two Story• R.C.C Frame Structure• Brick wall• Cement Plaster • Aluminum Door/Window• Rc.c Roof• C.C. Flooring

25000.00

Guest House

• Height 6.00 mt. Two Story• R.C.C Frame Structure• Brick wall• Cement Plaster • Wooden Door/Window• RC.C Roof• C.C. Flooring

25000.00

Dispensary

• Height 3.00 mt. Single Story• R.C.C Frame Structure• Brick wall• Cement Plaster • Wooden Door/Window• RC.C Roof• C.C. Flooring

25000.00

Sub Station Office

• Height 3.00 mt. Single Story• R.C.C Frame Structure• Brick wall• Cement Plaster • Aluminum Door/Window• RC.C Roof• C.C. Flooring

25000.00

Panel Room 33 KV

P a g e | 42


25000.00

Security Room gate no. 6


25000.00

Covered Parking

• Height 3.00 mt. Single Story• Steel Structure• Brick wall• CGI Sheet Roof• C.C. Flooring

18000.00

Open Parking

• Steel Structure• C.C. Flooring

14000.00

Public Toilet

• Height 3.00 mt. Single Story• R.C.C Frame Structure• Brick wall• Cement Plaster • Aluminum Door/Window• RC.C Roof

25000.00

C.C. Flooring

Overhead Water Tank

P a g e | 43

• Height 20.00 mt. Five Story• R.C.C Frame Structure• Cement Plaster • 1 lac Ltr. Capacity 2 nos.

Rs 20/- Per ltr.

P a g e | 44

Schedule-RAFS

RATE OF ANALYSIS FOR FACTORY SHEDS

RATE OF ANALYSIS FOR FACTORY SHEDS

S.NO PARTICULARS RATE

(Rs. per sq. mt.

1. Steel Structures including foundation, steel columns, trusses, CGI sheet roofing & PCC flooring,

Floor height 13.0 mt. 15,000.00

2. Add extra for Walls of CGI Sheet over steel purlins

1500.00

Total (A) 16500.00

SERVICES

1. Drainage system, gutters & down pipes 4% 660.00

2. Electrification 5% 825.00

TOTAL (B) 1485.00

GRAND TOTAL (A + B) 17985.00

17985.00 per sq. m.

Say 18000/- Per sq. m.

P a g e | 45

Schedule-RAMS

Rate of Analysis For Masonary Structure Schedule-RAMS

S.NO PARTICULARS RATE (Rs. per sq. mt.

1. Brick Masonary Structures with RCC roof.

Floor height 4.0 mt. 20,000.00

Total (A) 20000.00

SERVICES

1. Sanitary Fittings & Installation 12.5% 2500.00

2. Electrical fittings & Installation 12.5% 2500.00

TOTAL (B) 5000.00

GRAND TOTAL (A + B) 25000.00

25000.00 per sq. m.

Say 25000/- Per sq. m.

P a g e | 46

Chapter No-9

Schedule- Terms and Conditions

Preliminary:

1. The Hon'ble High Court of Himachal Pradesh,Shimla has

appointed the Competent Authority and Authorised Officer to

sell the Scheduled property/ies by inviting competitive

bids through Auction Cum Tender.The Auction to be conducted

by any of the following mode or combination thereof;

1. When Industrial Unit is proposed to be sold out as an

Industrial Unit

2.When Industrial Unit is proposed to be sold out as a

schedule of item/lot of inventory.

Definitions and Abbreviations:

2. Unless the context otherwise requires under the “Terms and

Conditions of the Auction cum Tender” the following words

wherever appear means:

a) “Scheduled Property” means property more fully described

in “Schedule No.1”.

b) “Bidder(s)”/ “Purchaser(s)” means any person being an

Individual or Proprietor or Partnership firm or LLP or

company and who is paying the Earnest Money Deposit

(“EMD”) . Bidder(s)/Purchaser(s) while being used

interchangeably shall be deemed to mean and include

his/her/ their/its legal heirs, legal representatives,

successors in interest and permitted assignee, as the case

may be.

c) “ Competent Authority “ means the Officer appointed by

the Hon’ble High Court as given in schedule No-3.

d) “ Authorized Officer “ means the officer appointed by the

Hon’ble High Court to assist the Competent Officer to

conduct the entire auction process as per the Terms and

conditions of this Auction Schedule as given in schedule

No-3.

e) “ Auction Committee”: means the representatives appointed

by the Hon’ble High Court to assist the Authorized Officer

P a g e | 47

to conduct the entire Auction Proceedings as given in

schedule No-3.

f) “ Assets” : means all Immoveable,Moveable Properties,Trade

Marks,IPR s or any other combination of above assets of

this company under.

g) “ Supporting Staff “ means the staff deployed by the

Authorized Officer in conducting the Auction Preparedness,

Bid Sheets Preparation,Checking of Eligibilty Criteria of

bidders, Receiving of EMD,Payments and its deposits with

the Treasury,Issuing of Sale Certificate.Assisting the

Prospective Bidders to inspect the Lots ,Assets on site,

Supervising the Lifting and Transporting of Auctioned Lots

from the Site etc as given in schedule No-3.

h) “ Police Security” means the police security as required

by the Authorized Officer for the safe and secure conduct

of the Auction Process in the Auction Venue as well as in

the Company Premises pre Auction and Post Auction Event as

given in schedule No-3

i) “EMD” means “Earnest Money Deposit” and /or “Pre-Bid

Amount” to be paid as described in Schedule No.2 to

qualify for participation in auction.

j) "High Court" means the “Hon'ble High Court of Himachal Pradesh at Shimla

k) “Sale Notice” means the Auction Sale Notice, proclamation

of sale published in the News Papers and other

Advertisement media and shall also include other

information.

l) "Seller" means the Department of Excise and Taxation

attached to the Hon’ble High Court of Himachal Pradesh at

Shimla, more fully described in Schedule No.3

m) “The person(s)” means and includes legal person”

interested in submitting quotations /offers. Such

person(s) giving the quotations/offers are referred to as

"Bidder" and the quotations/offers given are referred to

as "Bid".

3. All contracts/transactions entered into by the buyer/Bidder

arising out of this auction shall be governed by the

prevailing law subject to the overall jurisdiction of

Hon’ble High Court of Himachal Pradesh or its subordinate

Courts.

P a g e | 48

4. Subject to the schedules of this auction the entire Tender

cum Auction will be carried out as under:

(i). First Auction Event:The Integrated Industrial Unit as

it is will be put to Auction and the auction results will

be forwarded to the Competent Authority for approval. If

the Highest bidder is approved by the competent Authority

,the auction will be deemed as final. If the highest bidder

in first Auction is not approved or does not appears ,then

the first event will be cancelled.

(ii). Second Auction Event : In this event Land

,Building,Plant and Machinery will be put to auction among

the intending bidders .However preference will be given to

the bidder who bid for combined lot i.e. Land & building

and Plant & Machinery. If this event succeeds and auction

proceeds are confirmed by the Competent Authority, the

auction process shall be deemed final. If second event

could not materialize or auction results remains below the

reserve price or otherwise cancelled by the competent

Authority, then this event will be deemed as cancelled.

iii). Third Event: Auctions shall be conducted in phases.

(a). In first phase, moveable assets in the forms of

Auction Lots will be put up for auction.

(b). In second phase machineries will be put to

auction.

(C). In third phase plant structures will be put to

auction, and

(d). In final phase Land will be put to auction.

(iv). Special Mode of Auction/Sale. If the auction Results

in aforementioned events either in full or in partial of

above events ,lots or phases do not yield satisfactory

reserve price ,or to the satisfaction of the competent

authority and authorized officer ,the lots are not saleable

at the reserve price due to the physical condition of the

said lot or its contents, the same can be sold by applying

any other suitable mode of sale or negotiation as the

Authorized Officer deem it fit, subject to the confirmation

of the sale results by the Competent Authority.

5. The Authorized officer in consultation with the

competent Authority reserves the right to

change,amend,alter,rectify any terms and conditions

P a g e | 49

,item,lot ,its value or any description before the

Date of Inspection 5 &6 th September 2019 and

before putting the Schedule of Auction to Notice

Board or on public domain.

6. The Authorized officer with the prior approval of

the Competent Authority ,can change any mode of

Auction either in the Unit Sale or its Lot Sale,or

by Breaking the Lot or applying any combination of

the lots in order to make it saleable.

7. The secured asset shall not be sold below the

reserve price.

8. The Figures of Valuations or areas wherever occure

in single digit or two digits after decimals in the

appended schedules ,these shall be treated as per

actual value ,to whatever digits it may extend as

per the Sale Notice.

9. The person(s) interested in submitting Bids/offers shall

submit the offers in the sealed tender box kept in the

office of the seller.

10. The intending Bidders are required to submit the Tender in

sealed envelop superscribed with Financial Bid [Form-IV]

for Tender cum Auction for the Indian Technomac Company

Industrial Unit as it is,or the Immoveable Property /Lot

No……. or the moveable Property /Lot No…….as the case may

be.

11. Every intending Bidder shall submit his eligibility claim by

duly filling the Forms –I,II,III as enclosed in the Schedule-C

alongwith Earnest Money Deposit [EMD] @ 10% of the Reserve

Price. Tenders without earnest money deposit [EMD] proof shall

not be entertained and the applicant(s) shall not be allowed to

participate in the Auction cum Tender Process.The entire Auction

Tender Process shall be conducted in Video Camera.

12. Bidders are advised to ascertain on their own all

information about the Nature Right and Title,

Survey/Municipal/Corporation/Industrial Plot Nos. And

Respective Maps, Extent/Area of Land, Boundaries, Statutory

Sanctions or Approval with Respect to Immovable/Moveables

Property/ies and further regarding Quantity, Quality And

P a g e | 50

Technical Specifications of Immovable/Moveables assets

prior to submission of bid in the Auction. No dispute in

this regard will be entertained by the Seller after

submission of bids. The Bidder will not raise any dispute

regarding the terms and conditions of the auction or about

the particulars of the scheduled property or contest the

same once he has been declared as the successful Bidder.

13. All payments will be accepted by way of RTGS/ NEFT,Bank

Transfer,DD drawn in the favour of the seller s Bank

Account detailed below. If the last days of the stipulated

dates for payments happen to be a public holiday for the

office of the SELLER, the payments shall be allowed on the

next working day. The sale proceeds collected in this Bank

Account shall be deposited to the Registrar General of

Hon’ble High Court of Himachal Pradesh as per para 17 of

the order dated 02/08/2019.

Seller ‘s Bank Account Details: BENEFICIARY NAME: Deputy Commissioner –State Tax and Excise BANK NAME: State Bank of IndiaBRANCH : Near Chowgan ,Delhi Gate ,NahanACCOUNT NO.: 38445695303IFSC: SBIN0000686

14. Prospective Bidders shall have to submit interest free Pre-

Bid EMD amount as indicated in Schedule No.2, to the Seller

through CASH/DD/RTGS/NEFT only and Bidder shall ensure that

the same must be credited to Seller ‘s Bank account on or

before the date as indicated in Schedule No.2 to qualify

for participation in auction.

15. Proof of submission of the Pre-Bid EMD by Bidders i.e.

RTGS/NEFT UTR No. is to be submitted to the seller by

producing the Payment Receipt acceptable upon verification

by the seller from Bank Accounts Ledger

16. Bidder/s who do not submit the pre-bid EMD would not be

eligible to participate in Auction.

17. Pre-bid EMD of unsuccessful Bidders will be returned by the

seller within 15 working days after the closure of auction

without any interest.

18. The bidders have to satisfy them selves about the status,

condition, quantity and quality of the movables and verify

with the inventory of same. Any "Bid" made shall be deemed

to have been submitted after complete satisfaction and any

P a g e | 51

amendment to the offers/bids or withdrawal of the bid shall

not be permitted after the closure of auction. The rule of

caveat emptor is applicable. Conditional offers/bids shall

not be accepted.

19. Payment Terms: Every prospective bidder shall submit 10 %

of the Reserve Price along with Auction cum Tender

application, which will be adjustable towards final payment

if left after any payment towards default committed by the

bidder in fulfilling the terms and conditions of this

auction. The highest bidder has to pay 25% of the bid

amount by DD, Cash, RTGS /NEFT at the fall of the hammer.

The balance 75% have to deposited within 15 days of the

sale confirmation in his favor. The sale certificate shall

be issued upon the production of the receipt of the 100%

payment of the bid price including adjustment of the EMD.

Mere deposit of 25% of the bid price shall not entitle the

successful bidders to get the sale Letter in his favor. The

successful bidder will be allowed to move his goods out of

the company gate upon production by the Sale Letter, Bill,

Tax Invoice way Bill.

20. Auction Result/Status: The sale will be made in the favour

of the highest bidder. However, after the highest bid is

approved by the competent Authority, the bidder shall be

declared successful. In case the successful bidder fails to

deposit the remaining amount within the 15 days of the sale

confirmation, the amount deposited by him towards EMD shall

be forfeited without any further notice to him. In such

event, the Auctioned Lot shall be put to re-auction afresh.

21. The Sale Certificate will be issued in the name of the

purchaser(s) / applicant (s) only and will not be issued in

any other name(s).

22. Successful Bidder/purchaser shall pay GST, TDS, levies,

duties, taxes and cesses including registration charges,

stamp duty, etc.as may be applicable, over and above the

approved bid amount.

23. The information in respect of the scheduled property has

been stated to the best of the knowledge from the available

records. The Seller however, shall not be responsible for

any error, misstatement or omission in the said

particulars. The Bidders are, therefore, requested to

P a g e | 52

verify the same, in their own individual interests before

submitting the Bids.

24. The Seller shall, before confirmation of the sale, be at

liberty to amend/modify/delete any of the conditions as may

be deemed necessary in the light of the facts and

circumstances of the case.

25. Prospective Bidders may carry out inspection of the

scheduled property/ies on the scheduled dates and time only

with prior intimation and consultation with the official/s

as detailed in Schedule No.2.

26. The Bidders shall be solely responsible for all

consequences arising out of the bid submitted by him

(including any wrongful bidding by him) and no

complaint/representation will be entertained by SELLER in

this regard. Bidders must be careful to check the Bid

Amount both in words and numbers clearly and legibly.

27. During Auction, only brief Lot details will be shown under

"Lot Name" on the "Auction Floor" where Bidders are

required to bid. The detailed "Lot Description" can be seen

by the Bidders by on the "Lot Name" and it shall be the

responsibility of the Bidders to see the "Lot Description"

before bidding and no representation/complaint from the

Bidders in this regard will be entertained by Seller. It

shall be the responsibility of the interested bidders to

inspect and satisfy themselves about the property before

submission of the bid.

28. Seller reserves the right to forfeit any amount/money lying

with Seller from the successful Bidder who defaults in

making the due payments against the Auction even though

such amount/money may be lying with Seller and payable to

the said Bidder against any other contract/transaction.

29. Acceptance of the highest bid is subject to approval /

confirmation by the Competent Authority and securing the

status of highest Bidder, confers no right, so as to demand

the automatic confirmation of sale in his / her favor.

30. The Authorized Officer is not bound to accept the highest

offer and has the absolute right to accept or reject any or

all offer(s) or adjourn/ postpone/ cancel the Auction or

withdraw any property or portion thereof from the auction

P a g e | 53

proceedings at any stage without assigning any reason there

for.

31. The Seller shall submit a report along with the auction

result before the Competent Authority soon after conclusion

of auction for approval of sale in favor of highest Bidder.

The Competent Authority may approve the highest bid

considering the adequacy of price in light of the Auction

Proceedings, and other relevant facts as may be deemed fit

and proper.

32. The successful Bidder shall pay full and final bid amount

along with GST as may be applicable, over and above the bid

amount within the time prescribed in Schedule No.2, failing

which the EMD amount remitted will stand forfeited.

33. The possession of the property/ies shall be handed over to

the successful purchaser/Bidder vide “Possession Memo” upon

payment of full and final sale consideration.

34. The purchaser shall have to ensure the removal of assets of

movable in nature from the premises within the period as

prescribed in “Schedule No. 2”.

35. No further extension of time shall be granted for removal

of scheduled property/ies of movable in nature from the

premises. In case if the purchaser fails to remove the

scheduled property within the stipulated time, he shall be

subject to penalty as may be determined by the Competent

Authority.

36. The scheduled property shall remain in every respect at the

entire risk of the BUYER from the date of issue of

"Possession Memo" by the SELLER.

37. Pre-Bid EMD of the successful Bidder will be automatically

adjusted towards payment of final Bid amount by successful

Bidder.

38. The entire due payment will have to be paid by the

successful Bidder as per the terms and conditions set out

in this contract and no installment of payments will be

allowed.

39. The highest Bidder will not be entitled to assign their

right to buy the scheduled property to any third party or

nominate any third party, once they are declared to be the

successful Bidder. In other words, the Sale will be made

only to the successful Bidder and not to any third party.

P a g e | 54

40. Delivery of the scheduled property/ies as covered in this

auction will be made on "As is Where is and Whatever There

is” basis.

41. By accepting the Terms & Conditions of Auction, the

Successful Bidder undertakes to keep Seller indemnified and

save harmless from any and all claims, losses, penalties,

damages, etc.

42. The Hon’ble High Court reserves the right to rescind,

amend, delete, invalidate any of the settled terms and

conditions and further to add any terms & conditions as may

be deemed fit and proper.

43. The instant Sale Notice shall stand as public notice and

notice to secured creditor/s, petitioner/s, contributories

and any other stakeholder in the company. Any kind of

objection with respect to subject matter of sale must be

brought to the notice of the Hon’ble Court before

confirmation of sale. No objection of any kind shall be

entertained thereafter.

44. Every successful bidder shall make his/her/their own

arrangements of the Power Connections, Water Arrangement,

Welding, Dismantling Equipments, Storage, Handling, Loading

and Unloading of their Lot(s)and shall transport their lots

in the presence of the Buyer s authorized person.

45. Other Terms & Conditions for Sale of Property (ies) - The

Bidder shall not involve himself or any of his

representatives in Price manipulation of any kind directly

or indirectly by communicating with other bidders.The

Bidder shall not divulge either his Bids or any other

exclusive details of Bank or to any other party.The

decision of the Authorized Officer on the declaration of

successful bidder shall be final and binding on all the

Bidders. The authorized officer shall not have any

liability to Bidders for any interruption or delay in

access to the site irrespective of the cause. The

authorized officer will not be responsible for any damages,

including damages that result from, but are not limited to

negligence. The authorized officer will not be held

responsible for consequential damages, including but not

limited to systems problems, inability to use the system,

loss of electronic information etc.

P a g e | 55

46. Any dispute arising out of this auction schedule, pre and

post event of auctions, shall be subject to the

Jurisdiction of Local Court or Hon’ble High Court of

Himachal Pradesh only. In case of stay of sale or Recovery

proceeding by any superior court of competent jurisdiction,

the auction may either be postponed/cancelled in compliance

of such order, without any further notice and the persons

participating in the sale shall have no right to claim

damages, compensation or cost for such

postponement/cancellation etc.

47. The intending bidders may contact Shri G.D.Thakur Deputy

Commissioner , State Taxes and Excise ,Distt Sirmour

Himachal Pradesh-173001, Email

[email protected],

[email protected] Tel No- 01702-

222361[O]226214 [D] for doubts/clarifications if any on the

auction procedure.

48. The Authorized Officer reserves the right to amend, correct

any error on account of mathematical errors, formula errors

or errors or mistake in re-conciliation of the schedules or

any items/lot, content contained therein; as apparent in

the Report or any of its schedule appended before it is put

to final Auction on the Notice Board or in Public domain

for as a Sale Notice.



P a g e | 56

Chapter-10

Hon ble High Court Order dated 2nd August 2019 in the matter of

Company Petition No13 of 2014

P a g e | 57

High Court o

f H.P.

Co. App. Nos. 54 of 2015, 9 and 25 of 2016, 19 and 28 of 2018 in Co. Pet. No. 13 of 2014 with Co. Pet. 4002 of 2013.

Co. App. Nos. 54 of 2015, 9 and 25 of 2016, 19 and 28 of 2018 in Co. Pet. No. 13 of 2014.

02.08.2019 Present: Mr. Ankush Dass Sood, Senior Advocate with Mr. Rakesh Sharma, Advocate, for the petitioner.

Mr. Sanjeev Kuthiala, Senior Advocate with Ms. SoniaSaini, Advocate, for the Official Liquidator in Co. App.No. 54 of 2015.

Mr. Naresh K. Sharma, Advocate, for the Bank ofIndia, in Co. App. No. 9 of 2016.

Mr. Rahul Verma, Advocate, for the applicant in Co.App. No. 19 of 2018.

Mr. Vinod Thakur, Additional Advocate General withMr. Bhupinder Thakur, Ms. Svaneel Jaswal, DeputyAdvocate Generals and Mr. Ram Lal Thakur, AssistantAdvocate General, for the State alongwith Shri G. D.Thakur, Deputy Commissioner, State Taxes andExcise, District Sirmour at Nahan.

Mr. Shashi Shirshoo, Central Government Counsel,for respondent No.4.

Mr. Hakam, Advocate, for the applicant in Co. App.No. 28 of 2018.

Co. Pet. 4002 of 2013.

Mr. Sunil Mohan Goel, Advocate, for the petitioner.

Mr. Sanjeev Kuthiala, Senior Advocate with Ms. SoniaSaini, Advocate, for the respondent.

Co. Petition No.13 of 2014.

Heard. The Intervener Deputy Commissioner State

Taxes & Excise, District Sirmour, at Nahan has submitted a

Tentative Schedule of Proclamation of Sale for the approval of

this Court.

2.

M/s Indian Techno-Mech Company Limited was

ordered to be wound up vide order dated 21.09.2015 passed in

Company Petition No. 13 of 2014 and the official liquidator

P a g e | 58

High Court o

f H.P.

-2-

attached to this Court was appointed as liquidator and

subsequently on receipt of the winding up order, a team of the

official liquidator officers of the wound up company was deputed

to take charge of the properties of the Company (in-liquidation) at

the registered office at Village Jagatpura, P.O. Misserwala,

Paonta Sahib, District Sirmour, H.P. and the team members on

reaching the registered office of the Company on 21.10.2015

found the main gate of the company locked and it was conveyed

that the company was under the possession of the Excise and

Taxation Commissioner Nahan, District Sirmour, H.P. and as such

the symbolic possession of the property was taken. Notice was

also sent to the secured creditors and a meeting was called on

16.11.2015 as per the order of the Court dated 26.09.2015,

whereby the officials from the Bank of India also reported that

under the SARFAESI Act symbolic possession of the property

had also been taken by them. As such the reports dated

06.01.2016 & 22.11.2016 were made by the official liquidator

praying that the secured creditors in association with the Excise

and Taxation Commissioner and the official liquidator be directed

to dispose of the assets of the Company.

3.

The Court vide order dated 28.06.2017 passed in

Company Application No. 9 of 2016 took into consideration the

submission of the counsel of the official liquidator that he did not

have the means to independently undertake the process of selling

the assets of the company and more so when the physical

possession was with the Excise Department and the assets could

be sold by joint endeavour by all concerned in association with

P a g e | 59

High Court o

f H.P.

-3-

and under the supervision of the official liquidator and as such it

was directed that the parties should come up with a joint proposal

for the purpose of coming to a logical conclusion.

4.

Thereafter another report dated 26.03.2019 was filed

before this Court by the official liquidator, whereby it was reported

that as per the order dated 27.12.2018, a meeting of the secured

creditors, Excise and Taxation Department and Employees

Provident Fund Department was held in the office of the official

liquidator at Chandigarh on 04.01.2019 and the valuation report

dated 27.11.2019 carried out by HIMCON was also placed by the

Excise Department, whereby in terms of the valuation report, the

valuation of 333.25 crores and the realizable value of Rs. 282.44

crores was made and that the market and the realizable value

taken for the purpose of proposal for sale as per the assessed

market value worked out to be 284.44 crores. The proposal was

given by the Divisional Commissioner that the company assets be

put to sale and that the property be sold to Himachali agriculturist

as per the provision of Section 118 of the H.P. Tenancy and Land

Reforms Act.

5.

Thereafter an additional report dated 24.05.2019 was

filed on 29.05.2019 by the official liquidator that a committee of

the Excise and Taxation Department with the official liquidator,

secured creditors, Employees Provident Fund Department be

constituted for sale of the assets of the company (in-liquidation)

either in individual lots or composite lot and that the directions be

given to the Divisional Commissioner to withdraw the condition for

sale of the property to Himachali agriculturist, taking into

P a g e | 60

High Court o

f H.P.

-4-

consideration the law laid down in the matter of Valley Iron and

Steel Co. Ltd. vs. M/s Him Ispat Ltd. & Anr., 2016 Latest HLJ

1528.

6.

The Excise and Taxation Department had submitted a

tentative auction schedule report, whereby it was proposed that

the assets both movable and immovable property of the company

(in-liquidation) which were in physical possession of the Excise

and Taxation Department, Sirmour and in the symbolic

possession of the official liquidator be ordered to be sold on “as is

where is basis”, “as is what is” and whatever there is”.

7.

Alongwith the land of the company in liquidation and

its assets, there is land belonging to the promoters and the land

of the industrial unit is 185.14.10 bighas and that of the promoters

is 80.01.06 bighas, thereby totaling 285.15.16 bighas and the set

off price of the said land after taking into consideration the

depreciation of the plant and machinery and the movable value of

the entire assets, both movable and immovable works out to be

302.64 crores.

8.

The secured creditors being represented thorugh the

counsel as also the Excise and Taxation Department and the

official liquidator, being duly represented, have stated that the

assets of the company (in-liquidation) be sold on the basis of the

valuation report given by HIMCON and that the land, building,

plant, machinery and the movable assets of the company be sold

in individual lots or as a composite lot.

9.

However, it is noticed that major part of the property of

about 189.01 bighas of land over which the industrial unit is

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company shall remain open for inspection of the assets of the

company as also it will be specifically mentioned in the sale

notice regarding the date and time of inspection of the property. It

will also be mentioned that the details of the terms and condition

of the offer of sale alongwith details of the assets of the company,

both movable and immovable can be obtained at any working

day. The last date for withdrawing the bid shall be mentioned and

the validity period of bid as also the place and date of opening of

the bid in public. The sale notice will also contain the details of

reserve price and the earnest money to be deposited alongwith

bid and any other terms and conditions of sale which may be

prescribed and it can also be mentioned in the sale notice that in

case any person is interested to buy the composite lot, the bid

can be given or else the bid can be given for individual lots. The

bid of the highest bidder may be accepted and the 25% of the

price of the assets be taken at the fall of hammer and the rest

75

% within 15 days.

12.

The entire exercise for the sale of assets of the

company will be carried out by the Excise and Taxation

Department in association with the secured creditors and the

official liquidator and the sale will be subject to the confirmation

by the Court and after the entire amount is deposited by the

auction/purchaser, the sale amount will be invested in a FDR in

the name of Registrar General of the High Court of H.P. so that it

fetches interest pending determination of the claim for

disbursement. The guarantor/secured creditors and non

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Himachali non-agriculturists are also permitted to participate in

the bid.

13.

It is also made clear that before the publication of the

sale notice, specimen with respect to the sale notice will be got

approved from the Court and thereafter will be published in (i)

Economic Times (ii) The Hindu (iii) Dainik Bhaskar and (iv) Amar

Ujala. In addition thereto, adequate publicity would be given by

electronic and print media including social media. The expenses

for publication of the sale notice and other notices will be borne

by the State Taxes & Excise Department.

14.

The sale notice will be published in three lots.

S.No.

Description of property Area Reserve Price( )in Crore

1 Land alongwith buildingand civil structure standingthereupon

bighas189.01 186.48

2 Plant & Machinery andother movable assetsincluding vehicles and

--

97.96

3 Other land bighas77-02-16 19.47

15.

It be specifically stated in the notice so published that

properties at serial No. 1 and 2 can be purchased by non-

agriculturist in composite lot or in separate a lot. In respect of

property at serial No. 3, the bid to be offered is only to the

agriculturist of the State.

16.

However, before putting the property to sale, the

prospective bidders shall be afforded an opportunity to inspect

the properties being put to sale alongwith the documents. The

proclamation of sale be issued and published by stating the time

and place of sale and also specifying the property to be sold, the

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revenue assessed upon the said property and any encumbrance

to the said property.

17.

The sale proceeds received from the auction shall be

deposited with the Registrar General of this Court and the same

shall be invested as per procedure.

List on 07.08.2019.

(Tarlok Singh Chauhan) Judge

2

nd August, 2019.

(sanjeev)

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f H.P.Co. App. Nos. 54 of 2015, 9 and 25 of 2016,

19

and 28 of 2018 in Co. Pet. No. 13 of 2014 with Co. Pet. 4002 of 2013.

Co. App. Nos. 54 of 2015, 9 and 25 of 2016, 19

and 28 of 2018 in Co. Pet. No. 13 of 2014.

08.08.2019 Present: Mr. Ankush Dass So o

d, Senior Advocate with Mr.

Rakesh Sharma, Advocate, for the petitioner.

Mr. Sanjeev Kuthiala, Senior Advocate with Ms. Sonia Saini, Advocate, for the Official Liquidator in Co. App. No. 54 of 2015.

Mr. Naresh K. Sharma, Advocate, for the Bank o f

India, in Co. App. No. 9 of 2016. Mr. Rahul Verma, Advocate, for the applicant in Co.

App. No. 19 of 2018. Mr. Vinod Thakur, Additional Advocate General with

Mr. Bhupinder Thakur, Deputy Advocate General and Mr. Ram Lal Thaku r, Assistant Advocate General, for the State alongwith Shri G. D. Thakur, Deputy Commissioner, State Taxes and Excise, District Sirmour at Nahan.

Mr. Shashi Shirshoo, Central Government Counsel,

for respondent No.4. Mr. Hakam, Advocate , for the app licant in Co. App.

No. 28 of 2018. Co. Pet. 4002 of 2013. Mr. Sunil Mohan Goel, Advocate, for the petitioner. Mr. Sanjeev Kuthiala, Senior Advocate with Ms. Sonia

Saini, Advocate, for the respondent.

Co. Petition No.13 of 2014.

In f urtherance of the order dated 2.8.2019, the

Deputy Commissioner, State Taxes and Excise, District

Sirmaur through the Additional Advocate General has got the

specimen sale notice for the purpose of putting to auction the

properties, both movable and immova ble of M/s India

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2

Technomac Company Limited which was wound up vide order

21.9.2015.

2.

The draft sale notice has been perused by the court and

is approved for the purpose of publication for auction of

movable and immovable of the wound up company.

3.

It has been pointed out that in the order dated 2.8.2019,

the land belonging to the promoters and the land of the

industrial unit is in variance as per the sale notice as also the

valuation report given by HIMCON. In para 7 of the order

2.8.2019, the land of the industrial unit is mentioned as

185.14

.10

bighas and that of the promoters 80

-01

-06

bighas

thereby total ling 285.15.16 bighas and the value of the entire

assets, both movable and immovable has been mentioned as

302.64 crores.

4.

In fact, after the sit e measurement by the Revenue

Department, it has come to the notice that the land of the

industrial unit is 189.01.0 6 bighas and that of the promoters

76.13.00 bighas, totalling 265.14.16 bighas and in the sale

notice, the value of such land has been mentio ned as 303.91

crores. Correction as such be made with respect to the figure

regarding the land as also its value in para graphs 7, 9 and 14

of the order dated 2.8.2019, which paragraphs of order dated

2.8.2019 now be read as under:

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Taxes and Excise ” instead of Assistant Excise and Taxation

Commissioner. Accordingly, the Deputy Commissioner, State

Taxes and Excise, District Sirmaour, H.P. Sh. G.D. Thakur be

mentioned as the authorized officer for condu cting the sale in

association with the secured creditors and official liquidator .

Consequently, para 12 of the order dated 2.8.2019 be now read

as under:

“12. The entire exercise for the sale of assets of the company will be carried out by the Deputy Commissioner, State Taxes and Excise, District Sirmaour, at Nahan H.P. Sh. G.D. Thakur in association with the secured creditors and the official liquidator and the sale will be subject to the confirmation by the Court and after the entire amount is deposited by the auction/purchaser, the sale amount will be invested in a FDR in the name of Registrar General of the High Court of H.P. so that it fetches interest pending determination of the claim for disbursement. The guarantor/secured creditors and non -Himachali non-agriculturists are also permitted to participate in the bid.”

6.

The sale notice dated 8.8.2019 so submitted to the Court

by the Deputy Commissioner, State Taxes and Excise, District

Sirmaour, H.P. Sh. G.D. Thakur , through the Additional

Advocate General, is taken on record and duly approved for the

purpose of sale of the assets of the wound up company, which

will be in accordance with the order dated 2.8.2019 and this

order.

(Tarlok Singh Chauhan), Judge.

8.8.2019*awasthi*

technomac limited in the matter of company petition … · paonta sahib paonta sahib is one of the...

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