GOEL AGRIGREEN FIELDS PRIVATE LIMITED

PROCESS DOCUMENT FOR SUBMISSION OF EXPRESSION OF INTEREST

FORPARTICIPATION IN THE ELECTRONIC AUCTION SALE PROCESS OF ASSETS OF
GOEL AGRIGREEN FIELDS PRIVATE LIMITED (CIN: U15400MP2006PTC018959). THE
LIQUIDATION COMMENCED VIDE ORDER DATED 18TH AUGUST, 2020 OF
HON’BLE NATIONAL COMPANY LAW TRIBUNAL, INDORE BENCH AT
AHMEDABAD.

(‘EOI PROCESS DOCUMENT’)

Date of Public Notice: 02nd April, 2024

Date of E-Auction: 03rd May 2024

Issued by:
Mr. Amresh Shukla
Liquidator of GOEL AGRIGREEN FIELDS PRIVATE LIMITED
(CIN: U15400MP2006PTC018959)
Appointed Liquidator for the company under liquidation process vide order dated
August 18th, 2020 of Hon’ble NCLT Indore Bench at Ahmadabad.
IBBI Registration No. IBBI/IPA-001/IP-P00120/2017-18/10255
IBBI Registered Email: [email protected]
IBBI Registered Address: F-05, Jaideep Complex, 112, Zone-II,
M.P. Nagar, Bhopal – 462 011.

Address for Correspondence:

F-05, Jaideep Complex, 112, Zone-II,
M.P. Nagar, Bhopal – 462 011
Email Address: [email protected]

Mr. AmreshShuklahas been granted a certificate of registration to act as an insolvency professional

by the Insolvency and Bankruptcy Board of India, bearing Registration No: IBBI/IPA-001/IP-
P00120/2017-18/10255. The affairs, business and property of GOEL AGRIGREEN FIELDS
PRIVATE LIMITED(‘GAFPL’) are being managed by the Liquidator, AmreshShukla, who is
acting as such and without personal liability of whatsoever nature, pursuant to his appointment by
Hon’ble NCLT Indore Bench at Ahmadabad, vide order dated August 18, 2020 to discharge
functions and exercise powers as a liquidator pursuant to the powers and duties under section 34
and 35 and other relevant provisions of the Insolvency and Bankruptcy Code, 2016 read with the
Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 as amended
from time to time.

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 DISCLAIMER

1. This E-Auction Process Information Document is issued by AmreshShukla, the Liquidator

appointed by Hon’ble NCLTIndore Bench at Ahmadabad, in the matter of GoelAgrigreen
Fields Private Limited(in Liquidation) [TP 233 of 2019 [CP(IB)209 of 2018]] for general
information purposesonly.

2. The purpose of this document is to lay out the process for submitting the E-Auction Bids for
the Assets of GoelAgrigreen Fields Private Limited(in Liquidation) (“Corporate Debtor”) in
accordance with the Code.

3. This document is not a statutory document and it has not been approved or registered with
any regulatory or statutory authority of Government of India or any State Government.
Nothing herein or in materials relating to the E-Auction Process Information Document
should be construedas legal,financial,accounting,regulatory or tax advice by the Liquidator.

4. It is to be noted that no information being provided in this E-Auction Process Information

Document, claims to be comprehensive; independent due diligence of the intended users of this
document or the bidders is highlyrecommended.

5. This E-Auction Process Information Document and information contained herein or disclosed
should not be printed, reproduced, transmitted, sold, distributed, or published by the recipient,
without prior written approval from theLiquidator.

6. Neither the Liquidator, nor his Legal Associates, other associates, employees etc. shall be liable
for any damages, whether direct or indirect, including loss of revenue or profits that may arise
from or in connection with the use of this E-Auction Process Information Document,
including for the E-Auction Participant not being selected as a Successful Auction Participant
or on account of any decision taken by the Liquidator.

7. Further, apart from the provisions set out in this E-Auction Process Information Document,
the E-Auction process applicant shall be responsible for fully satisfying the requirementsand
provisions of the Insolvency and Bankruptcy Code 2016 and of the Insolvency and Bankruptcy
Board of India(Liquidation Process) Regulations, 2016 as well as all lawsinforce that are or
may be applicable to the applicant or the sale process and for obtaining requisite regulatory
approvals as the case may be.

8. It is to be noted that by procuring a copy of this E-Auction Process Information Document,

the recipient accepts the terms of this disclaimer, which forms an integral part of this E-
Auction Process Information Document and part of all the other terms and conditions ofthis
E-Auction Process Information Document.

9. By procuring this E-Auction Process Information Document the interested bidders shall

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 obtain access to the information through email.

10. Under no circumstances shall the E-Auction Participant make any contact, direct or indirect,
by any mode whatsoever, with the Corporate Debtor/ ex-directors/ stakeholders until the
Liquidator gives his Written Permission.

11. The Property and Assets of the Corporate Debtorare proposed to be sold on “As is where is
basis”, “As is what is basis”, “Whatever there is basis” and “No recourse” basis and the
proposed sale of assets of the Corporate Debtor does not entail transfer of any other title, except
the title which the Corporate Debtorhad on its assets as on date of transfer. The Liquidator
does not take or assume any responsibility for any shortfall or defect or shortcoming in the
moveable/immoveable assets of the Corporate Debtor.

12. The E-Auction Participant shall bear all its costs and charges associated with or relating to the
preparation and submission of its bid including but not limited to Physical and Electronic
preparation, copying, postage, delivery fees, expenses associated with any demonstrations or
presentations which may be required by the Liquidator or any other costs incurred in
connection with or relating to itsbid.

13. This E-Auction Process Information Document is neither an agreement nor an offer by the
Liquidator to the Prospective Bidders or any other person. The objective of this E-Auction
Process Information Document is to provide all interested parties with information that may
be useful to them in making their bids. It may be noted that the assumptions, assessments,
statements and information contained in the E-Auction Process Information Document may
not be complete, accurate, adequate or correct. Each Bidder should, therefore, conduct its own
due-diligence, investigations and analysis and should also check the accuracy, adequacy,
correctness, reliability and completeness of the assumptions, assessments, statements and
information contained in this E-Auction Process Information Document and may get
independent advice from appropriate sources.

14. Information provided in this E-Auction Process Information Document to the Bidder(s) has
been collected and collated from several sources. The information given by no means claimsto
be an exhaustive account of statutory requirements and should not be regarded as complete.
The Liquidator accepts no liability or responsibility for the authenticity, accuracy or otherwise
for any statement or information contained in the E-Auction Process Information Document.

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 INDEX

A. INFORMATION MUST BE READ BEFORE BIDDING… .....................................................05

B. KEY DEFINITIONS… ...................................................................................................... 07

C. INTRODUCTION… ........................................................................................................ 09

D. THE COMPANY AND IT’S ASSETS OVER VIEW… ........................................................... 10

E. ELIGIBILITY… ............................................................................................................... 12

F. STRATEGY FOR E-AUCTION ………………………………………………………………………………………….16

G. DOCUMENTS REQUIRED TO BE SUBMITTED TO ASCERTAIN ELIGIBILITY OF THE

BIDDER…….. .............................................................................................................. 16

H. PHYSICAL VERIFICATION AND SITE VISIT… .................................................................17

I. DUE DILIGENCE… ....................................................................................................... 18

J. ASSETS TO BE AUCTIONED AND RESERVE PRICES ..................................................... 19

K. EARNEST MONEYDEPOSIT(EMD) .............................................................................. 19

L. DECLARATION OFSUCCESSFUL BIDDER ..................................................................... 21

M. FRAUDULENT AND CORRUPT PRACTICES .................................................................. 22

N. COSTS, EXPENSES AND TAX IMPLICATIONS… ........................................................... 22

O. GOVERNING LAW AND JURISDICTION…..................................................................... 23

P. TIMETABLE… ............................................................................................................. 24

ANNEXUREI - AFFIDAVIT AND UNDERTAKING- 29A…………………………….………………26

ANNEXUREII- BID APPLICATION FORM……………………………….28

ANNEXUREIII - DECLARATION BY BIDDER…………………………....35

ANNEXUREIV-TECHNICAL TERMS & CONDITIONS…………………38

ANNEXUREV- DETAILS OF ASSETS…………………………………………………………. 40
ANNEXURE VI – FORMAT FOR CONFIDENTIALITY UNDERKATING………………… 48

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A. INFORMATION MUST BE READ BEFORE-BIDDING

This E-Auction Process Information Document (“PID”) has been issued for the purpose of
carrying out electronic auction (“E-Auction”) of assets of GoelAgrigreen Fields Private
Limited(inliquidation) (“Corporate Debtor”) under the provisions of the Insolvency and
Bankruptcy Code, 2016 (“the Code”) and the Insolvency and Bankruptcy Board of India
(Liquidation Process) Regulations, 2016 (“Liquidation ProcessRegulations”)for sale of the
asset of the corporate debtor in a slump sale/Going Concern.

1. The information provided in this PID should be read together with the provisions of
the Code and the Liquidation Process Regulations. In the event of a conflict between
this PID and the Code or the Liquidation Process Regulations, the provisions of the
Code or the LiquidationProcessRegulations,asthecasemaybe,shallalwaysprevail.

2. The information contained in this PID or subsequently provided to Bidder(s), whether

verbally or in documentary or any other form by or on behalf of the Liquidator, shall
be considered to be provided to Bidder(s) on the terms and conditions as set out in this
E- Auction PID.

3. The Liquidator may in his absolute discretion, but without being under any obligation
to do so, update, amend or supplement the information, assessment or assumptions
contained in this E-Auction PID.

4. The issuance of this E-Auction PID does not imply that the Liquidator is bound to
select a Bidder or to appoint the Preferred Bidder as Successful Bidder for the assets of
the Corporate Debtor,and the Liquidator reserves the right to reject all or any of the
Bidders or bids without assigning any reasonwhatsoever in accordance with
Liquidation Process Regulations.

5. E-Procurement Technologies Limited, A–801, Wall Street-II, Opposite Orient Club,

Near Gujarat College, Ellis bridge, Ahmedabad (“E-Auction ServiceProvider”) has
been appointed as the E-Auction Service Provider. The sale of the Assets and
Properties of the Company shall be undertaken by the E-Auction Service Provider for
and on behalf of the Seller through an E-auction platform provided on the website
portal of the E-Auction Service Provider (“Platform”). Other details with respect to the
E-auction are asfollows:

Type of Bid E-Auction

Seller Amresh Shukla, Liquidator for Goel Agrigreen Fields
Private Limited. (Corporate Debtor in Liquidation)

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 Website of E- https://ncltauction.auctiontiger.net
Auctionservicespro
vider
Service Provider E-Procurement Technologies Limited,
A-801, Wall Street –II, Opp. Orient Club,
Near Gujarat College, Ellis bridge,
Ahmedabad – 380006 (Gujarat)
Contact Person: Praveen Kumar Thevar
ID: [email protected]
[email protected]
Mobile No. – +91-97227-78828.
AnnexuresandFor AnnexureI: Affidavit andUndertaking.
mats Annexure II: Bid form (to be duly filled in and signed
and stamped by the Bidder and uploaded).
Annexure III: Declaration by the Bidder (to be duly
filled in and signed, stamped by the Bidder and uploaded
along with the Bids & Condition of the E-auction).
Annexure IV: Technical Terms and Conditions.
Annexure V:Asset Informationform.
Annexure VI: Confidentiality Undertaking.

Special Instructions Please note that this bidding is a serious matter

governed by the Code and Liquidation Prcoess
Regulation and any last minute bidding may lead
tounnecessary lapses. Neither the E-Auction Service
Provider nor the Liquidator will be responsible for
anylapses on part of the Bidders.

6. All terms and conditions with respect to the sale of the assets and properties of the
company shall be governed by the directions of the Liquidator, Hon’ble NCLT and in
accordance with the provisions of applicable laws. As mandated by the Hon’ble
NCLT, the Liquidator shall exercise all rights with respect to sale of the Assets and
Properties and it would be open to the Liquidator to appoint such experts,
professionals or other persons, as the Liquidator might think necessary, in accordance
with applicable laws, so as to enable E-Auction of the Corporate Debtor.

7. The Annexures to this E-Auction PID shall form an integral part hereof and this E-
Auction PID shall always be read in conjunction with the Formats and Annexures
appended hereto.

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 8. The title document relating to the properties shall be available on request to be made
to the Liquidator at [email protected].

9. The E-Auction Participant shall bear all its costs and charges associated with or
relating to the preparation and submission of its bid including but not limited to
Physical and Electronic preparation, copying, postage, delivery fees, expenses
associated with any demonstrations or presentations which may be required by the
Liquidator or any other costs incurred by Bidder in connection with or relating to its
bid including inspection of Corporate Debtor assets or any other expenses.

B. KEY DEFINITIONS

“Adjudicating Authority” or “NCLT” shall mean the Hon’ble National Company

Law Tribunal, Indore Bench at Ahmadabador National Company Law Tribunal,
Indore Bench;

“Applicable Laws” shall mean, all the applicable laws, codes, regulations, rules,
guidelines, circulars, notifications, clarifications, re-enactments, revisions, applications
and adaptations thereto, judgments, decrees, injunctions, writs and orders of any court,
arbitrator or governmental agency or authority, rules, regulations, orders and
interpretations of any governmental authority, court or statutory or other body
applicable for such transactions including but not limited to the Code, Liquidation
Process Regulations, Companies Act, 1956/2013 (as applicable), Competition Act, 2002,
Transfer of Property Act, 1882, Sale of Goods Act, 1930, Foreign Exchange Management
Act, 1999, Stamp Duties Act, Registration Act, whether in effect as of the date of this E-
Auction PID orthereafter,andeachasamendedfromtimetotime;

“Bid” means, any bid submitted by the Bidders as required in terms of this E- Auction
PID and in accordance with the provisions of the Code read together with the
Liquidation Process Regulations and the other applicable laws;

“COC”means Committee of Creditors of the Corporate Debtor constituted in accordance

with the Code.

“Coercive practice” shall mean impairing or harming, or threatening to impair or

harm, directly or indirectly, any person or property to influence any person’s
participation or action in the auction Process;

“Company”unless otherwise specified shall means GoelAgrigreen Fields Private

Limited.

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“Control” shall have same meaning as defined under Section 2 (27) of Companies Act,
2013 and shall also includea Person holding more than 26% (twenty six percent) of the
voting share capital in a company or the ability to appoint majority of the directors on
the board of another company or the ability of a company to direct
orcausedirectionofthemanagementandpoliciesofanothercompany,whether by
operation of law or by contract orotherwise;

“Corporate Debtor” shall mean GoelAgrigreen Fields Private Limited in accordance

with Section 3(8) of the Code.

“corrupt practice”shall mean

(i) the offering, giving, receiving, or soliciting, directly or indirectly, of anything of
value to influence the actions of any person connectedwith the auction Process
(for avoidance of doubt, offering of employment to or employing or engaging in
any manner whatsoever, directly or indirectly, any official of the Liquidator or
the Company, who is or has been associated or dealt in any manner, directly or
indirectly with the auction Process or arising there from, before or after the
execution there of,
(ii) at any time prior to the expiry of 1(one) year from the date such official resigns
or retires from or otherwise ceases to be in the service of the Liquidator or the
Company, shall be deemed to constitute influencing the actions of a person
connected with the auction Process); or
(iii) engaging in any manner whatsoever, during the auction Process or thereafter,
any person in respect of any matter relating to the Company, who at any time
has been or is a legal, financial or technical adviser of the Liquidator or the
Company, in relation to any matter concerning the auction process;

“E-Auction Process Participant” or “Bidder” shallmean a Person who has submitted a

bid as per the E-Auction PID; and shall include a Qualified Bidder or the Successful
Bidder, as the case may be, and as the context requires;

“E-Auction Process Information Document” or “E-Auction PID”means this

document including all the appendices/ Formats/ Annexures hereto, for the purposes
of setting out the process for submission of a bid and selection of Successful Bid in
accordance with the provisions of the Code and Liquidation Prcoess Regulations and
shall also include all supplements, modifications, amendments, alterations or
clarifications thereto issued in accordance with the termshereof.

“fraudulent practice” shall mean a misrepresentation or omission of facts or

suppression of facts or disclosure of incomplete facts, in order to influence the auction
process;

8
 “GAFPL” means GoelAgrigreen Fields Private Limited.

“IBBI”shall mean Insolvency and Bankruptcy Board of India.

“IBC”or “the Code”shall mean Insolvency and Bankruptcy Code, 2016 and the related
rules and regulations issued there under, as amended from time to time.

“Liquidation Process Regulations” means, the Insolvency and Bankruptcy Board of

India (Liquidation Process) Regulations, 2016 as amended from time totime;

“Liquidator” means an insolvency professional appointed as a liquidator in

accordance with section 34 of the IBC;

“Person” shall mean an individual, sole proprietorship, Hindu Undivided Family, a

partnership firm, an association, a corporation, a limited company, a trust, a body
corporate, bank, financial institution or any other body or any entity, whether
incorporated ornot;

“Qualified Bidder(s)” shall mean a Bidder who fulfills the eligibility criteria listed out
in the E-Auction Process InformationDocument.

“restrictive practice”shall mean forming a cartel or arriving at any understanding or

arrangement among the auction process Applicants with the objective of restricting or
manipulating a full and fair competition in the auction Process; and

“Successful Bidder” or “Successful E-Auction Process Participant” means, the

Qualified Bidder whose bid is approved and who is declared successful in accordance
with Liquidation Process Regulations at the end of the determined auction phase.

“Stakeholders Consultancy Committee” or “SCC”shall have same meaning as

specified in Regulation 2(ba) of Liquidation Process Regulation.

“undesirable practice” shall mean (i) establishing contact with any person connected
with or employed or engaged by the liquidator with the objective of canvassing,
lobbying or in any manner influencing or attempting to influence the auction Process;
or (ii) having a Conflict of Interest.

C. INTRODUCTION

a. The Liquidation Process of Corporate Debtorhas been initiated under the provisions
of the IBC and the Liquidation Process Regulations by an order of the Adjudicating

9
 Authority with effect from 18th August, 2020. As per the said order, Mr.
AmreshShukla, Insolvency Professional, having registration no.IBBI/IPA-001/IP-
P00120/2017-18/10255, has been appointed as theLiquidator of Corporate Debtor.

b. It is the endeavor of the Liquidator to sell the assets and properties comprising the
liquidation estate of the Corporate Debtor in a accordance with Chapter VI of
Liquidation Process Regulation, excuding Private Sale, in the mannerspecified under
Regulation 32 (b)-(e), 32A, 33 of Liquidation Process Regulations, any other rules,
regulations, orders, circulars, directions or notifications or the like, issued pursuant
to or under the IBC or the Liquidation Process Regulations,asthecasemaybe,andasper
the advise of the SCC in the 30th SCC meeting dated 26.03.2024in respect of the
liquidation process of the Company and in the manner specified in this E-Auction
Process Information Document.

c. The E-Auction would be conducted in the manner specified in the Schedule I, as

provided under Regulation 33 of the Liquidation Process Regulations, any other
rules, regulations, orders, circulars, clairifications, directions or notifications or the
like, issued pursuant to or under the IBC or the Liquidation Process Regulations, as
the case may be, and as per directions, if any required, of the NCLT in respect of the
liquidation process of the Company and in the manner specified in this E-Auction
Process Information Document.

d. The E-Auction Participants are encouraged to make themselves acquainted with the
provisions of the IBC and the Liquidation Process Regulations and any other rules,
regulations, orders, circulars, directions or notifications or the like, issued pursuant
to or under the IBC or the Liquidation Process Regulations, as the case maybe.

D. THE COMPANY AND ITS ASSETS OVER VIEW

 Brief Background:

The Corporate Debtor was incorporated under Companies, 1956 on 13 th September,

2006 in the name of “GOEL CATERERS PRIVATE LIMITED”. It is classified as Non -
Government Company and is registered at Registrar of Companies, Gwalior, later on
its name have been changed to “GOEL AGRIGREEN FIELDS PRIVATE LIMITED” on
10th December, 2009.

The Corporate Debtor has changed the object clause of the Memorandum of
Association vide special resolution passed by the members of the Company in the

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 Extra-ordinery General Meeting held on 8th August, 2013 and the same was registered
with Registrar of Companies, Gwalior on 11th day of September, 2013. The following
are of main object as per Memorandum of Association after change:

1. To carry on the business as setting up industrial projects to manufacture, process,

treat and produce all kinds of rectified spirit, extra neutral alcohol, impure spirt,
industrial alcohol, fuel ethanol and other types of potable/non-potable
alcohol/spirits and all kind of by-products resulting from manufacture of alcoholic
spirit like animal protein feed, distillers dried grains with solubles (DDGS), high
grade animal protein, liquefied carbon dioxide, ash bricks etc and to deal in all
kinds of alcohol spirits as vendors, importers, exporters and bottlers.

2. To carry on the business of setting up industrial projects to manufacture, process,

treat and produce all kinds of starch, modified starch and all other starch related
products and any mixtures, compounds and derivatives thereof and including
byproducts like animal protein feed, high grade animal protein, ash bricks etc.

3. To carry on the business of setting up industrial projects to manufacture, process,

treat and produce all kinds of products and by products to carry on business of
setting up industrial projects for manufacturing, processing, treating and producing
all kinds of agri based products and by-products.

4. To carry on the business of production , manufacture , sale , purchase , processing,

refining , deal in , grow , plant , blend , produce , import , export , buy and sell , all
kinds of agricultural, and vegetable produce , food products , cereals products , for
preservation of agricultural and dairy produce, and floor stuff, and to take up and
deal in such goods or activity as may be required by business

 Present Status:

On 26.07.2019, the NCLT initiated the Corporate Insolvency Resolution Process for
the Corporate Debtor. However, as there was no Resolution passed in the meeting of
COC, the NCLTvide order dated 18th August, 2020directed for liquidation of the
Corporate Debtorand appointedAmreshShukla, Insolvency Professional, Registered

11
with Insolvency and Bankruptcy Board of Ind
India‘s (IBBI‘s) vide Registration Number:
IBBI/IPA-001/IP-P00120
0120/2017-18/10255,, as the Liquidator of the Company.

E. ELIGIBILITY

1. An E-Auction
Auction Process Applicant shall not be eligible to submit a
bid for purchase of assets of the Company if he falls under
ineligibility criteria
iteria asset out in proviso to Section 35(1)(f) read
with Section 29A of the IBC (as amended from time totime).

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13
14
2. An E-Auction
Auction Process Applicant shall be required to submit a bidalong
along withdocuments to
show proof of liquidity and/or Plan for infusion of Funds and/or sources of fund.Bid of
such Applicant shall considered invalid till the time documents to show proof of liquidity
and/or Plan for infusion of Funds and/or sources of fund are submitted by such Applicant.
The Liquidator has adopted this prac
practice
tice to rule out possibilities of failed auction and
ensure timely payments and also to conclude Liquidation Process in timely in accordance
with object of the Code and to maximise
maximisevalue of underlying assets.

[Explanation: For showing proof of liquidity bidders shall submit - Bank

ank Statements of
Applicant or Balance sheet to show readily liquid assets or S Shares with any stock
exchange held by Applicant or gold available or loan eligibility orcibil
cibil score to show
extent of loan orany other sources of fund in payment schedule along with EMD.Net
worth certificate shall not be considered proof of liquidity.
liquidity.]

3. In accordance with Regulation 33(3) of Liquidation Process Regulation, an

a E-Auction

15
 Process Applicant shall be becomeineligible to submit a bid and its bid will be treated as
cancelled and EMD forfeited, and Liquidator shall approach NCLT seeking appropriate
orders against colluding parties.

[Explanation: The Liquidator shall submit report to NCLT for appropriate orders against
colluding parties. Collusion shall be deemed to include any secret agreement for a
fraudulent purpose or a secret or dishonest arrangement in fraud of the rights of another.
Collusion shall mean a deceitful agreement oral or written between two or more persons
for some evil purpose, such as to defraud a third person of his rights. As defined by
Hon’ble Supreme Court in State of Goa v. Colfax Laboratories Ltd., (2004) 9 SCC 83, it is
further clarified that collusion at any point of time even after declaration of successful
bidder shall render the bid cancelled and amount forfeited.]

4. An E-Auction Process Applicant shall be deemed ineligible to submit a bid

if he fails to submits thedocuments as mandated and/or comply the terms
and conditions given in pointno. G below.

F. STRATEGY FOR E-AUCTION.

a. E-Auction of Corporate Debtor is proposed on “As is where is basis”, “As is what is

basis”, “Whatever there is basis” and “Non recourse” basis.
b. Schedule – 1 of Liquidation Process Regulation shall be adhered to in letter and spirit.
c. The amount of highest bid shall be visible to each bidder during bidding process for
better transparency and to rule out any discrepancy.
d. The Bid Increment Amount is Rs. 10,00,000/- and/or in multiples of these amounts. In
case bid is placed in the last 5 minutes of the closing time of the E-auction, the closing
time will automatically get extended for 5 minutes.
e. Successful bidder shall be declared after closure of E-Auction.
f. On the close of the auction, the highest bidder shall be invited to provide balance sale
consideration within ninety days of the date of such demand or any earlier date, if
proposed by bidder,Provided that payments made after thirty days shall attract
interest at the rate of 12%: Provided further that the sale shall be cancelled if the
payment is not received within ninety days, unless extended in accordance with
Liqudation Process Regulation.

G. DOCUMENTS REQUIRED TO BE SUBMITTED TO ASCERTAIN ELIGIBILITY OF

THE BIDDER

Therefore, the E-Auction Process Applicant or the Bidder would need to submit
the following forms, documents and authorizations as part of the Auction Plan by
the bidder(s):

1. Ownership Structure or sharehooding patternor Composition of the E-

16
 Auction Applicant/ Bidder, Proof of Identity, Current Address Proof,
PAN card, Valid e-mail ID, Landline and Mobile Phonenumber of
authorized signatory.
2. Board Resolution to participate in the E-Auction process.
3. Authorization to the Signatory (in case the bidder is a legalentity).
4. Affidavit and Undertaking by the E-Auction Process Applicant (through
Authorized Signatory, in case the bidder is a legal entity). The Format for
the Affidavit and Undertaking is attached videAnnexure I.
5. An eligible bidder will need to submit the duly filled, signed and stamped
Bid Application Form attached vide Annexure II, and duly filled, signed
and stamped Declaration by Bidders attached vide AnnexureIII.
6. Audited financial statements for last three financial year and provisional
financial statements for the financial year ended 31.03.2024.
7. Details of sources of funds with evidences.
8. CIBIL Reports of the entity and its partners/directors/members and key
managerial persons.
9. Confidentiality undertaking will need to be submitted duly filled, signed,
and stamped as per Annexure VI attached.

Please note that only the eligible bidders will gain access to documentation,
additional information required for due diligence, after due submission of the
required bid form and declaration form and other mentioned documents. Further,
if needed, the site visits for only the eligible bidders may also be coordinated by
the Liquidator.

Further, it should be noted that at any stage of the E-Auction process, the liquidator may
ask for any documents from the prospective bidders to evaluate their eligibility. The
liquidator, at his discretion may disqualify the prospective bidder for non-submission of the
requested documents or on ground prescribed in Liquidation Process Regulation.

H. PHYSICAL VERIFICATION AND SITEVISIT

1. Eligible Bidders may request the Liquidator to arrange for physical verification
and site visit of the Property and Assets of the Company. Upon receipt of such a
request, the Liquidator may first arrange a discussion meeting at any time prior to
the closure of the E-auction process. The details of information sought along with
reasons with respect to the discussion meeting shall be communicated by
theEligibleBidder in advance to the Liquidator. However, the Liquidator reserves
the right to not arrange such a discussion meeting for if Eligible Bidder fails to
disclose reason and purpose.

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2. The Liquidator may co-ordinate a site visit for Eligible Bidders at any time prior
to the closure of the E-Auction process, following a request for such a visit by the
Eligible Bidders. The Liquidator will communicate, in advance, to such Eligible
Bidder, all the relevant details, terms and conditions, if any, with respect to such
Site Visit. The Liquidator reserves the right to not arrange a site visit if eligible
bidder fails to disclose reason and purpose and give reasonable time to Liquidator
to arrange visit. Further clarified that request of visit shall be only on Bank
working days and Banking hours, and no request shall be entertained on national
gazetted holidays.

I. DUE DILIGENCE

1. The Liquidator shall endeavor to provide necessary assistance, facilitating the

conduction of due diligence by interested Bidders. The information and
documents shall be provided by the Liquidator in good faith as requested after
giving reasonable time.
2. The E-Auction of Corporate Debtor is proposed on “As is where is basis”, “As is what is
basis”, “Whatever there is basis” and “Non recourse” basis and the proposed sale of assets
of the Company does not entail transfer of any title, except the title which the Company
had on its assets as on date of transfer as E-auction is in accordance with Chapter VI of
Liquidation Process Regulation, excuding Private Sale, in the manner specified under
Regulation 32 (b), 32 (e) & 32 (f), 32A, 33 of Liquidation Process Regulations, any other
rules, regulations, orders, circulars, directions or notifications or the like, issued pursuant
to or under the IBC or the Liquidation Process Regulations, as the case may be, and as per
the advise of the SCC in the 30th SCC meeting dated 26.03.2024 in respect of the
liquidation process of the Corporate Debtor and in the manner specified in this E-Auction
Process Information Document.

3. The E-Auction would be conducted in the manner specified in the Schedule I, as provided
under Regulation 33 of the Liquidation Process Regulations, any other rules, regulations,
orders, circulars, clairifications, directions or notifications or the like, issued pursuant to
or under the IBC or the Liquidation Process Regulations, as the case may be, and as per
directions, if any required, of the NCLT in respect of the liquidation process of the
Company and in the manner specified in this E-Auction Process Information Document.

4. The E-Auction applicants are encouraged to do due diligence and get acquainted with the
provisions of the IBC and the Liquidation Process Regulations and any other rules,
regulations, orders, circulars, directions or notifications or the like, issued pursuant to or
under the IBC or the Liquidation Process Regulations, as the case may be.

18
 J. ESTIMATED ASSETS TO BE AUCTIONED AND RESERVEPRICES
Incremental
Asset BLOCK *Reserve Price EMD Amount
Value
(In Rs.) (In Rs.)
(In Rs.)
Clear Land
Freehold Land at Village- Kesla, Teh- A
Itarsi, Distt: Hoshangabad, Near Taku
Forest Depo, NH 69
(Total Area 77.92 Acres)
Factory Building B
Under Construction Factory Building
at Village - Kesla, Near Taku Forest 15,60,00,000/- 1,56,00,000/- 10,00,000/-
Depo, NH 69, Teh- Itarsi, Distt:
Hoshangabad, Madhya Pradesh-
461111
Plant and Machinery and Work Shop C
Plant &Machinery at Village - Kesla,
Near Taku Forest Depo, NH 69, Teh-
Itarsi, Distt: Hoshangabad, Madhya
Pradesh-461111

Please find appended, the details of the estimated Assets in Annexure V.

It is to be noted that the bidders cannot place a bid at a value below the reserve price.
Further, the bidders can increase their Bid by a minimum incremental amount of
Rs.10lakhs.

K. EARNEST MONEY DEPOSIT (EMD)

1. In accordance with Schedule – I (1)(1F) and (3) of Liquidation process Regulation, all
the prospective bidders shall deposit EMD along with other eligibility documents at
least up to two daysbefore the date of auction.

2. EMD amountshall be equaltoa sum of Rs.1,56,00,000/-(Rupees One Crore Fifty Six

Lakhs Only), i.e., 10% ofthe reserve price for the corporate debtor. Payment shall be
made in full through RTGS / NEFT to below specified Bank account of GoelAgrigreen
Fields Private Limited– in liquidation.

Account Number 8348176166

Beneficiary Name GoelAgrigreen Fields Private
Limited (In Liquidation)
Bank Name Kotak Mahindra Bank
Branch Ground Floor, Bhagwan Complex,
214, Zone-I, M.P.Nagar, Bhopal,
Madhya Pradeshl- 462011
IFSC Code KKBK0000753
19
3. The Earnest Money Deposit, which would not bebearing any interest,
hastobepaidbytheBidderpriortouploadingtheonlinebidform.

4. The details of any remittances in this regard shall be entered in the

onlineformsubmittedbytheBidder.TheentireEMDamountshall be remitted by the Bidder(s)
bank account(s) only.

5. Bidders shall preserve the remittance Challan and shall produce the same in front of the
Liquidator.

6. Allthe payments to be made as and whendemanded.

PaymentstobemadebytheBidderundertheE-auctionshallbe intimated to the Liquidator
[email protected].

7. Forfeiture of Earnest Money Deposit from the E-Auction Applicant / Bidder/ Prospective
bidder.

It is to be noted that the Earnest Money furnished can be forfeited at any time, upon
the occurrence of any of the following events:

a. if there is a breach of any of the conditions under this E-Auction Process Information
Document by the Bidder or in case Bidder is found to have made any
misrepresentation;or
b. if Bidder is found to be ineligible to submit the bid as per the conditions set out in
Section 35 or Section 29A of the IBC (as amended from time to time) or is found to have
made a false or misleading declaration of eligibility as per the conditions set out in
Section 29A of the IBC (as amended from time to time);or
c. if Bidder is found to be ineligible to submit the bid under any other ground including
sources of fund; or
d. iftheBidderisidentifiedastheSuccessfulbidderandhe fails accept the Letter of Intent
issued by theLiquidator; or
e. if the Successful Bidder fails to make the complete payment as per the terms of the
Letter of Intent issued by theLiquidator in specified time; or
f. If the Successful Bidder fails complete the handing-over / takingover process within
mutually agreed date and lift/ collect the documents/ materials from the premises of
the Company; or
g. If the Successful Bidder fails comply with any other terms and conditions of the E-
auction Process Documents; or
h. If the successful bidder fails to accept letter of intent within 4 days from date of email
by Liquidator to communicate letter of intent.
i. In accordance with regulation 33 (3) of Liquidation process Regulation.

8. Set-Off of Earnest Money of the Successful Bidder.

a. Unless expressly indicated by the Bidder, the Earnest Money shall be set-off
20
 against or used as part of the consideration that the successful bidder proposes to
offer in relation to the Corporate Debtor.

b. In case the auction fails, then the Earnest Money paid by the E-auction process
applicant shall be returned (without interest) to it within 30 (Thirty) days of the
date of closure of auctionprocess.

9. Issuance of Letter of Intent (“LOI”) and Certificate of Sale.

a. The Successful Biddershall be required to accept Letter of Intent with in a period
of 4 day from receipt of email from Liquidator to communicate Letter of Intent.

b. Successful bidder shall affix seal and sign of authorized person and revert
through email and speed post letter of intent to the Liquidator, the terms of
which shall be binding on Succcessful bidder. It is clarified that date of
communication of Letter of Intent by Liquidator shall be considered as starting
date for calculation of time frame of payments.

c. Asalecertificateand/orconveyancedocumentand/ortransferdocuments for the

relevant asset/assets shall be issued / executed between the Successful Bidder
and the Company upon receipt of the balance sale consideration.

10. Default by Successful Bidder and its Results. In the event of the Successful
Bidder withdrawing his E-Auction Application, Liquidator shall have the right to
forfiete EMD furnished by the Successful Bidder.

L. DECLARATION OF SUCCESSFUL BIDDER

1. In accordance with Liquidation Process Regulation and on basis of E-Auction

bidding terms, The Liquidator may at the end of the E-Auction phase, may
declare the successful bidder(s) for the corporate debtor subject to satisfaction of
all eligibility requirements. The successful bidder(s) shall be determined on the
basis of highest bid received for the asset block (s) by the Liquidator via the E-
Auction portal process. In case of any dispute / discrepancy, the Liquidator shall
assess the E-Auction applications and declare the successful bidder(s) offering
maximum value for the auctioned assets. This right of selecting and declaring the
successful bidder (s) shall solely rest with the Liquidator at all times.

2. The Liquidator shall endeavor to sell the business or block(s) and maximize overall
recovery from the sale of business or assets of the Company. While evaluating bids, the
Liquidator may provide preference to bids for the business as a whole or entire assets or
more than one block. The Liquidator may provide preference to bid (or combination of
bids) that provides higher overall recovery, even if, for one particular block, some other
bid provides for a higher offer than a consolidated bid for that one block.

3. If it is subsequently found that the bidder was ineligible or have submitted false

21
 or forged documents or have collusion between the bidders, or the corporate
debtor's related parties and buyers, or the creditors and the buyers, the liquidator
may cancel the bid of that successful bidder and may forfeite the amount paid by
the successful bidder.

4. However, as per the Paragraph 12 of Schedule I of IBBI (Liquidation Process)

Regulations, 2019, “On the close of the auction, the highest bidder shall be invited
to provide balance sale consideration within ninety days of the date of such
demand: Provided that payments made after thirty days shall attract interest at
the rate of 12%: Provided further that the sale shall be cancelled if the payment is
not received within ninety days.”

M. FRAUDULENT AND CORRUPTPRACTICES

1. The E-Auction Process Applicant / Bidder shall observe the highest standard
of ethics during the E-Auction Process and subsequently during the closure
of the E-Auction Process and declaration of successful bidder.
Notwithstanding anything to the contrary contained in this E-Auction
Process Information Document, or in the Letter of Intent, the Liquidator shall
reject an auction bid, revoke the Letter of Intent, as the case may be,without
being liable in any manner whatsoever to the E-Auction Process Applicant, if
the Liquidator, at his discretion, determines that the E-Auction process
applicant has, directly or indirectly or through an agent, engaged in corrupt
practice, fraudulent practice, coercive practice, undesirable practice or
restrictive practice in the E-Auction Process or has, undertaken anyaction in
respect of such process which results in the breach of any Applicable Law
including the Prevention of Corruption Act, 1988. In such an event, the EMD
or any amount paid shall stand forfeited.

2. The Bidder shall not involve himself for any of his representatives in price manipulation of
any kind directly or indirectly by communicating with other Bidders.

3. The Bidder shall not divulge either his bid or any other details provided to him by the
Liquidator or during the due diligence process in respect of the asset to any other party. Prior
to conduct of due diligence/site visits, the Liquidator may require the Bidder to execute
confidentiality agreement with the Company /Liquidator.

N. COSTS, EXPENSES AND TAX IMPLICATIONS

1. The prospective bidder shall be responsible for all the costs incurred by it on
account of its participation in the auction process, including any costs associated
with participation in the discussion Meeting (if any), Site Visit, etc. The Liquidator
shall not be responsible in any way for such costs, regardless of the conduct or
22
 outcome of the auction Process.

2. It is hereby clarified that the E-AuctionProcessApplicantshallmakeitsown

arrangements including accommodation for the discussion Meeting (if organised)
or Site Visit and all costs and expenses incurred in that relation shall be borne by
the E-Auction ProcessApplicant.

3. The E-Auction Process Applicant shall not be entitled to receive any

reimbursement of any expenses which may have been incurred whilecarrying out
the due diligence, search of title to the assets and matters incidental thereto or for
any purpose in connection with the E-AuctionProcess.

4. It is to be noted that all taxes applicable (including stamp duty implications and
registration charges) on sale of assets would be borne by the successful bidder:

a. The sale attracts stamp duty, registration charges etc. as per relevant laws
b. The successful bidder shall bear all the necessary expenses like
applicablestampduties/additionalstampduty/transfercharges,fees, etc. for
transfer of property (ies) in his/her name
c. The Successful Bidder shall bear the applicable mutation fee and all the
minor dues of land development agencies, local and municipal taxes,
assessment charges, etc. in respect of the properties put on e- Auction.
d. Purchaserhastobearthecessorotherapplicabletaxi.e.GST,TDSetc.
e. The reserve price/ bid price is net of any tax to be deducted as per Income tax
laws

5. ItisexpresslystatedthattheLiquidatordoesnottakeorassumeanyresponsibilityforany
minor dues or otherwise, of the Company, including such dues, if any, which may
affect transfer of the liquidation assets in the name of the Successful Bidder and
such dues, if any, will have to be borne / paid by the SuccessfulBidder.

6. The E-Auction process applicant shall be responsible for fully satisfying the
requirements of the IBC and the related Regulations as well as all Applicable
Laws that are relevant for the sale
process.TheSuccessfulBiddershallberesponsibleforobtainingrequisiteregulatoryors
tatutory or third-party approvals, no-objections, permission or consents, if any,
that are or may be required under Applicable Law for purchasing the
relevantassets.

O. GOVERNING LAW AND JURISDICTION

This E-Auction Process Information Document, the auction Process and the other

23
documents pursuant to the E-Auction Process Information Document shall be
governed by the the Code and relevant rules, regulations, clarifications framed
thereunder, and any dispute arising out of or in relation to the E-Auction Process
Information Document or the E-Auction Process shall be subject to the exclusive
jurisdiction of the Adjudicating Authority.

P. TIME TABLE –

The following timetable shall apply to the E-Auction Process Information

Document. The timetable may be amended by the Liquidator through issuance of
an addendum to the E-Auction Process Information Document.

Sl.No Event Timeline (days)

1 Public Announcement of 02/04/2024

Auction
2 Opening of Auction Portal 02/04/2024
andthis E-Auction Process
Information Document made
available on the websites as per
TermsandConditions
3 Public Announcement of revised To be announced
auction dates and revised &
modified-auction process
information document
4 Last date of Submission of 02/04/2024 to 17/04/2023
eligibility documents
5 Declaration of Qualified Bidder 20/04/2024

5 Last date for inspection/ due 21/04/2024 to 27/04/2024

diligence of assets under auction
6 Last date for deposit of EMD 30/04/2024
7 E – Auction
03/05/2024
(03:00 PM to 05:00 PM) with
Unlimited extension of 5 min each.
8 Announcement of 04/05/2024
SuccessfulBidder

9 Signing the Letter of Intent (LOI) 04/05/2024 to 08/05/2024

24
 10 Return of EMD for unsuccessful 05/05/2024 to 04/06/2024
bidders

11 Payment of balance 05/05/2024 to 04/06/2024

consideration by successful
bidder

*While the timeline for submission of bid forms and declaration forms extends from From
02/04/2024 to 17/04/2024, please note that access to documentation, additional
informationand site visits will be granted only once the bidder submits the bid form and
declaration form proving his eligibility to participate in the biddingprocess.

Note –
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 regulation with the prior
approval from the Stakeholders Consultation Committee. In case the final sale consideration
is not paid within the timeline, the Liquidator shall forfeit EMDalogwith all other
depositesmade by the successful bidder.

25
 ANNEXURE I
AFFIDAVIT ANDUNDERTAKING

Mr. AmreshShukla
Liquidator – GoelAgrigreen Fields Private Limited
Having his Office at
F-05, Jaideep Complex,
112, Zone-II, M.P. Nagar,
Bhopal- 462011.

Sub: Disclosure of eligibility under section 29A of the Insolvency

and Bankruptcy Code, 2016 and declaration for submitting bid fore-
auction.

Dear Sir,

A. I hereby submit this declaration under Section 29A of the

Insolvency and Bankruptcy Code, 2016 (“Code”) as inserted by the
Insolvency and Bankruptcy Code (Amendment) Act,2018:

I have understood the provisions of section 29A of the Code as

inserted by the Insolvency and Bankruptcy Code (Amendment)
Ordinance, 2017. I confirm that neither XYZ Limited nor any
person acting jointly with XYZ Limitedor any person who is a
promoter or in the management or control of XYZ Limited or
any person acting jointly with XYZ Limited:
(a) is an un-dischargedinsolvent;
(b) is a wilful defaulter in accordance with the guidelines of
the Reserve Bank of India issued under the Banking
Regulation Act, 1949;
(c) has an account, or an account of a corporate debtor under
the management or control of such person or of whom such
person is a promoter,classifiedasnon-
performingassetinaccordancewiththe guidelines of the
Reserve Bank of India issued under the Banking
RegulationAct,1949ortheguidelinesofafinancialsectorregulato
r issued under any other law for the time being in force and
at least a
periodofoneyearhaslapsedfromthedateofsuchclassificationtill
the date of commencement of the corporate insolvency
resolution process of the corporatedebtor:
26
 (d) has been convicted for any offence punishable with
imprisonment:
for two years or more under any Act specified under the
Twelfth Schedule;
for seven years or more under any law for the time being in
force:
(e) is disqualified to act as a director under the Companies
Act, 2013;
(f) isprohibited by the Securities and Exchange Board of India
from trading in securities or accessing the securitiesmarkets;
(g) has been a promoter or in the management or control of a
corporate debtor in which a preferential transaction,
undervaluedtransaction,extortionatecredittransactionor
fraudulenttransaction has taken place and in respect of
which an order has been made by the Adjudicating
Authority under thisCode;
(h) has executed an Demand Draft/ NEFT/ RTGS in favour
of a creditor in respect of a corporate debtor against which an
application for insolvency resolution made by such creditor
has been admitted under this Code;
(i) is subject to any disability, corresponding to clauses (a) to
(h) of Section 29A, under any law in a jurisdiction outside
India;or
(j) has a connected person (as defined in Explanation to
Section 29A) who is ineligible under clauses (a) to (i) of
Section29A.

I, therefore, confirm that XYZ Limited is eligible to be bidder in

accordance to Section 29A of the Insolvency and Bankruptcy
Code, 2016 (“Code”) as inserted by the Insolvency and
Bankruptcy Code (Amendment) Act, 2018.

B. I undertake on behalf of XYZ Limited, that during the Liquidation

Process, no person who would be considered as Connected Person
and is
noteligibletosubmitresolutionplanundersection29AofInsolvencyan
d Bankruptcy Code, 2016 and the regulation 38 of IBBI (Insolvency
Resolution Process of Corporate Persons) regulations, 2016 shall be
engaged in the management and control of corporatedebtor.

C. IdeclareandundertakethatincasetheXYZ

27
 Limitedbecomesineligibleat any stage during the Liquidation
Process, it would inform the Liquidator forthwith on
becomingineligible.

D. I also undertake that in case the XYZ Limited becomes ineligible at

any time after submission of the EMD, then the EMD would be
forfeited and
thesamewouldbedepositedintheaccountofGoelAgrigreen Fields
Private Limited– inliquidation.

E. IalsofurtherundertakethatmywinningbidAmountwillremainbindin
g unless rejected by theLiquidator.

F. I confirm that the said declaration and disclosure is true andcorrect.

G. Iamduly authorized tosubmitthisdeclarationbyvirtueof

(DEPONENT)

VERIFICATION

I, the deponent above, do hereby solemnly declare and affirm that the
above
statementgivenbymeistrueandcorrecttothebestofmyknowledgeandbelief
and nothing stated above is false or misrepresentation ormisleading.

(DEPONENT)

28
 ANNEXURE II
BID Application Form
(Please fill up separate Bid application forms for each property)

Date:
Mr. AmreshShukla
Liquidator – GoelAgrigreen Fields Private Limited
Having his Office at
F-05, Jaideep Complex,
112, Zone-II, M.P. Nagar,
Bhopal- 462011.
(“Liquidator”)

Dear Sir,

I am desirous in participating in the E-Auction announced by you in the

newspaper publication dated………………In………………..
(name of media journal).

Details of Corporate Debtor:

Name of BankA/c GoelAgrigreen Fields Private Limited-in
Liquidation
Account Number 8348176166
Bank Name Kotak Mahindra Bank
Branch Ground Floor, Bhagwan Complex, 214, Zone 1,
M.P. Nagar, Bhopal - 462011
IFSC Code KKBK0000753

Details of Bidder / Bid Price Offered

Name of the Bidder
Constitution of Bidder
Contact No.
Email ID
PAN No.
Address
Block bid for
Bid Amount (₹)
Whether EMD remitted?
EMD remittance details (EMD
amount, date of remittance)
Name of Bank Branch, A/c

29
 No., IFSC Code No

Details of Division / Asset:

Sr.No.insalenoticeforwhichEMDdeposited
Description of Division
Reserve Price of Division as per sales
Notice

I/We/M/s ……
alsoenclosescopiesoftherequiredKYCdocuments.Werequestyou to
kindly verify the same and arrange with the auction portals for issue of
an ID and password for us to enable us to take part in the E-Auction.

Date: Signature

Place: STAMP

30
 Terms and Conditions of the E-auction are as under:

In addition to the E-Auction Process Information Document, following

terms and conditions apply:

1. E-Auction is being held on “AS IS WHERE IS, AS IS WHAT IS,

WHATEVER THERE IS AND WITHOUT RECOURSE BASIS” and
will be conducted “On Line”. The auction will be conducted through
the approved service providerM/s E-Procurement Technologies
Limited, at the web portal https://ncltauction.auctiontiger.net. E-
Auction Process document containing E-Auction bid form,
Declaration by bidders, General terms and conditions of online
auction sales are available on Websites
https://ncltauction.auctiontiger.net interested bidders can register, bid
and receive confirmation of their bidonline.The requisition of
additional information, if any, be sent to
cirp.goelagrigreenfields@gmail. com disclosing the identity of the
Applicant.

2. The Prospective Bidders should make their own Independent

inquiries regarding the encumbrances, title of assets put on
auction and claims/rights/dues/ affecting the assets, and should
conduct their own due-diligence prior to submitting their bid. The
E-Auction advertisement does not constitute and will not be
deemed to constitute any commitment or any representation of the
Liquidator. The assets of the corporate debtor is being soldin a
slump sale/Going Concern with
alltheexistingandfutureencumbrances/claims/dues/demandswhe
ther known or unknown to the Liquidator. Liquidator shall not be
responsible in any of way for any third party claims/ rights/dues.

3. TheProspectiveBiddersshouldsubmittheevidenceforEMDdepositli
ke UTR number along with the Request Letter for participation in
E-auction, self- attested copies of (i) Proof of identity (KYC) viz.
Voter ID card/ Driving License/ Passport etc., (ii) Current
Address-Proof for communication, (iii) PAN card of Bidder, (iv)
Valid Email ID, (v) contact number (Mobile/Landline) of the
bidder (vi) Permanent Address (vii) Documents required for
chedking eligibility etc., to the office of Liquidator by 30thApril,
2024 before 5:00 PM. Scanned copies of the original of these

31
 documents can also be submitted to the Email ID of the
Liquidator.

4. NameofEligibleBidderswillbeidentifiedandconveyedbyLiquidatort
o participant in online E-auction on the portal
https://ncltauction.auctiontiger.net. The Liquidator will provide
User ID & Password to the Eligible Bidders after due verification
of KYC of the EligibleBidders.

5. It should be the responsibility of the interested bidders to inspect

and satisfy themselves about the property before submission of
thebid.

6. Liquidator has right to demand documents from bidder for the process and in
case the documents are not provided, the liquidator may disqualify thebid.

7. The E-Auction/bidding of the assets of Goel Agrigreen Fields

Private Limited would be conducted exactly on the schedule Date
& Time as mentioned against each property by way of inter-se
bidding amongst the bidders.The bidder may improve their offer
in multiple of “Bid Increment Amount” against each property. The
Bid Increment Amount isRs. 10,00,000/- and/or in multiples of these
amounts. In case bid is placed in the last 5 minutes of the closing
time of the E-auction, the closing time will automatically get
extended for 5 minutes.

8. The EMD of unsuccessful bidders shall be refunded within thirty

days after declaration of successful Bidder. The EMD shall not
bear anyinterest.

9. In case of the Successful Bidders, the EMD (whether in the form of

a Demand Draft) may be banked or invoked. The EMD shall not
bear anyinterest.

10. The Liquidator will issue a Letter of Intent to the Successful

Bidder, detailing the Total Payable Amount and other Terms and
Conditions.
11. The Successful Bidder shall bear the applicable mutation fee and
all the minor dues of land development agencies, local and
municipal taxes, assessment charges, etc. in respect of the
properties put on e-Auction.

12. The Liquidator is not bound to accept the highest offer and has the
32
 absolute right to accept or reject any or all offer(s) or
adjourn/postpone/cancel the E-Auction or withdraw any
property or portion thereof from the auction proceedings at any
stage without assigning any reason there for.

13. The sale certificate will be issued and /or transaction /sale
documents executed in the name of Successful Bidder(s)/
Successful E-Auction Process Applicant(s) only and will not be
issued in any other name(s).
14. The sale shall be subject to conditions prescribed under the
Insolvency & Bankruptcy Code, 2016, provisions and regulations
thereunder.
15. The interested bidders may give offers for the corporate debtor to
be sold in a slump sale/Going Concern.
16. The decision of the Liquidator on declaration of Successful Bidder

shall be final and binding on all the Bidders.

17. The Liquidator reserves right to cancel the bid, apart from his other rights.

18. The highest bidder shall be invited to provide balance sale consideration within

ninety days of the date of such demand. Provided that payments made after
thirty days shall attract interest at the rate of 12%, provided further that the sale
shall be cancelled if the payment is not received within ninety days.
19. On payment of full amount, the sale shall stand completed and the liquidator will

execute certificate of sale or sale deed to transfer such assets and the assets shall be
delivered to him.
20. The Liquidator shall not proceed with the sale of an asset if he has reason to

believe that there is any collusion between the buyers, or the corporate debtor's
related parties and buyers, or the creditors and the buyer.
21. The Liquidator will not be responsible and liable for any cost pertaining to the

outcome of any litigation in relation to the assets being sold under this E-
auction.
22. The licenses and permits or any other permission as may be required to run or

operate the asset being sold under this E-auction should be obtained by the
successful bidder and will not be the responsibility of the liquidator.
23. No proceeding shall be initiated against the resolution professional/ liquidator

for any actions of the corporate debtor prior to the commencement of the

33
 corporate insolvency resolution process under the Code.
24. The liquidator shall proceed to distribute the proceeds out of this E- auction as

per the provisions of Section 53 of the Code

Date: 02/04/2024
Place: Bhopal

Amresh Shukla
Liquidator
IBBI Regn. No: IBBI/IPA-001/IP-P00120/2017-18/10255
GoelAgrigreen Fields Private Limited
(a company under liquidation process vide NCLT order dated 18th
August, 2020)
Registered office: F-05, Jaideep Complex,
112, Zone-II, M.P. Nagar,
Bhopal- 462011.
Email: [email protected]

AmreshShukla has been granted a certificate of registration to act as a

Liquidator by the Insolvency and Bankruptcy Board of India, his
Registration No. is IBBI Reg. No: IBBI/IPA-001/IP-P00120/2017-
18/10255. The affairs, business and property of GoelAgrigreen Fields
Private Limited(GAFPL) are being managed by the Liquidator, Amresh
Shukla, who acts as agent of GAFPL only and without personal liability.

IP registration details as under:

IP Registration no.IBBI/IPA-001/IP-P00120/2017-18/10255
Address: F-05, Jaideep Complex,
112, Zone-II, M.P. Nagar,
Bhopal- 462011.;
Correspondence Address:
F-05, Jaideep Complex,
112, Zone-II, M.P. Nagar,
Bhopal- 462011.
Email: [email protected]
Contact No.-+91 9425007441

34
 ANNEXURE III
Declaration by Bidders

To,

Mr. Amresh Shukla, the Liquidator,

Goel Agrigreen Fields Private Limited–In Liquidation

DearSir,

1. I / We, the Bidder (s) aforesaid do hereby state that, I / We have

read the entire terms and conditions for the sale of assets as
specified in the Information Sheet and have understood them
fully. I / We, hereby unconditionally agree to confirm with and to
be bound by the said terms and conditions and agree to take part
in the E-auctionprocess.

2. I / We declare that the Earnest Money Deposit (EMD) and the

deposit towards purchase–price have been made by me / us as
against my/our bid and that the particulars of remittance and all
other information given by me/us in the online form is true
andcorrect.

3. I / We further understand and agree that if any of the statement /

information revealed by me / us is found to be incorrect and/or
untrue, the bid submitted by me/us is liable to be cancelled and in
such case, the EMD and / or any monies paid by me/us is liable to
be forfeited by the Seller (“Liquidator”) and the Seller will be at
liberty to annul the offer made to me/us at any point of time.

4. I / We also agree that after my /our offer given in my /our bid for
purchase of property (ies) is accepted by the Seller and if, I / We,
fail to accept or act upon the terms and conditions of the sale or am
/ are not able to complete the transaction within the time limit
specified for any reason whatsoever and /or fail to fulfil any / all
the terms and conditions of the auction and offer letter, the EMD
and other monies paid by me /us alongwith the online form and
thereafter, are liable to be forfeited. The timeline for payment of
final sale consideration may be extended by sole discretion of
liquidator, to the extent permissible under the applicable laws and
35
 regulations. In case final sale consideration is not paid within
timeline, the liquidator shall forfeit EMD and or PerformanceBG.

5. I / We understand that the EMD of all Bidders shall be retained by

the Liquidator and returned only after the successful conclusion of
the sale of property(ies). I / We, state that I / We, have fully
understood the terms and conditions therein and agree to be
bound by thesame.

6. I/We confirm that our participation in the E-auction process,

submission of bid or acquisition of the property(ies) pursuant to
the provisions of the E-Auction Process Information Document
will not conflict with, or result in a breach of, or constitute a
default under (i) our constitutional documents; or (ii) any
applicable laws; or (iii) any authorization or approval of any
government agency or body; or (iv) any judgement, order,
injunction, decree, or ruling of any court or governmental
authority, domestic or foreign binding on me / us; or (v) any
agreement towhich I am/we are a party or by which I am/We are
bound.

7. The decision taken by the Liquidator with respect to the selection

of the Successful bidder and communicated to us shall be binding
on me/us.

8. I/We also undertake to abide by the additional conditions if

announced during the E-auction including any announcement(s)
on correction of and/or additions or deletions to the time of
auction portal and property (ies) being offered for sale.

9. I/We confirm that the Seller and his employees, shall not be liable
and responsible in any manner whatsoever for my/our failure to
access and bid on the E-auction portal due to any unforeseen
circumstances etc. before or during the auction event.

10. I/We hereby confirm that I/we are eligible to purchase the assets
of the Company under Section 29A of the Insolvency and
Bankruptcy Code, 2016.

36
(Signature with SEAL)

Name:
……………………………………………………………………………………………
Address:
………………………………………………………………..………………………
………………………………………………………………………………………..
…………………………………………………………..…………………………………
Email:…………………………………………………………………………………
Mobile:……………………………………………………………………………….

37
 Q. ANNEXURE IV
Technical Terms & Conditions of E-auction sale

1. Intending bidders shall have a valid e-mail ID, valid PAN

Card and KYC document to register with the E- Auction
ServicesProvider.

2. Intending bidders have to register with the E-auction

serviceprovider.

3. Only upon verification of the Online Form and confirmation

of remittance of EMD will the Eligible Bidders be declared
and thereafter, permitted to access the Platform for bidding
for a particularsProperty.

4. The Bidder shall be solely responsible for all consequences

arising out of the bid submitted by him (including any
wrongful bidding) and no complaint/ representation will be
entertained in this regard by the Agency/ the Seller. Hence,
Bidders are cautioned to be careful to check the bid amount
and alter/rectify their bid if required be fore confirming the
bid submitted.

5. Bidders should not disclose their User ID as well as

password and other material information relating to the
bidding to anyone to safeguard its secrecy.

6. Bidders are advised to change the password immediately on

receipt thereof.

7. The Affidavit and Declaration as per the formats set out in

Annexure I and III must be executed in accordance with
applicable law and it must be in issued in accordance with
the constitutional documents of the Bidder, if applicable,
after obtaining all corporate approvals as may be required.
The extract of constitutional documents and certified copies
of the corporate approvals must be enclosed with the
declaration. In case of Bidder being an individual, the
declaration must be personally signed by the Bidder. In case
the Bidder is not an individual, the declaration must be
signed by a person who is in full time employment of the
Bidder and duly authorized to sign the same.
38
8. All the aforementioned documents are required to be
uploaded on the portal and the original physical copies
thereof shall be provided by the Successful Bidder to the
Seller in accordance with the Process Sale Document.

9. All bids placed are legally valid bids and are to be

considered as bids from the Bidder himself. Once the bid is
placed, the Bidder cannot reduce or withdraw the bid for
whatever reason. If done so, the EMD amount shall be
forfeited.

10. The highest bid on the auction shall supersede all the
previous bids of the respective Bidders. The Bidder with the
highest offer/bid does not get any right to demand for
acceptance of his bid.

11. After the conclusion of the E-auction for each Property, the
Successful Bidder shall be informed through a message
generated automatically by the portal, of the outcome of the
E-auction. A separate Intimation shall also be sent to the
Successful Bidder. Date of sending the e-mail will be
considered as the date of receipt of the intimation, i.e. Date
of intimation.

12. Bidders may encounter certain unforeseen problems such as

time lag, heavy traffic, and system/ power failure at the
Bidder’s end. To avoid losing out on bidding because of
above-mentioned reasons, it is advised not to wait for the
lastmoment.

39
 ANNEXURE V

DETAILS OF ASSETS

A. Freehold Clear Land at Village- Kesla, Teh- Itarsi, Distt: Hoshangabad,

Near Taku Forest Depo, NH 69- (Total Area 77.92 Acres)

 Freehold clear Land measuring 38.96 Acres situated at Khasara No. 3/1,
Near Tku forest Depo, NH69, PH 22, RI Mandal- Kesla, Village Kesla,
Tehsil-Itarsi, istt.- Hoshangabad, Madhya Pradesh, Pin code 461111.
 Freehold clear Land measuring 23.38 Acres situated at Khasara No.
3/2,Near Taku forest Depo, NH69, PH 22, RI Mandal- Kesla, Village
Kesla, Tehsil-Itarsi, istt.- Hoshangabad, Madhya Pradesh, Pin code
461111.
 Freehold Clear Land measuring 15.58 Acres situated at Khasara No.
3/2, Near Taku forest Depo, NH69, PH 22, RI Mandal- Kesla, Village
Kesla, Tehsil-Itarsi, istt.- Hoshangabad, Madhya Pradesh, Pin code
461111.

B. Under Construction Factory Building at Village - Kesla, Near Taku Forest

Depo, NH 69, Teh- Itarsi, Distt: Hoshangabad, Madhya Pradesh-461111

Build up Area
Sr. No. Particulars
- Sqm

1 Processing Unit 5111

2 Inventory Store Room 325
3 Power Station House 1000
4 Fly Ash Brick Plant 270
5 Switch yard Room(RCC) 60
6 Weigh Bridge Room 21
7 Site Office / Chemical Room 20
8 Guest House 380
9 Canteen And RO Plant 130
10 Site Office Bathroom 23
11 Guard Room 19
12 Guard Room 19
13 Main Gate Guard Room 21
14 Staff Qtr 250
15 Labour Huts 450
16 Water Reservoir Large 7000
17 Water Reservoir Small 1050

40
 18 General Store Room 35

C. Plant &Machinery at Village - Kesla, Near Taku Forest Depo,

NH 69, Teh- Itarsi, Distt: Hoshangabad, Madhya Pradesh-
461111

SNO Process Plant Part Description QTR

Continuses type Bucket elevator, MS Grade,
1 Bucket Elevator 1
Capacity 2-5 Ton
Storage Silos without Diamentions : 6 Mtr Height, Diameter: 6 Mtr,
2 3
Rotary Air Lock Valves MS Sheet Thickness: 3 mm, Vol: 200 M3
Sno Consisting of: SLURRY PREPARATION & LIQUEFACTION SECTION QTR
Diamentions: Dia-2.2 Mtr, Height-3.3 Mtr,
1 Liquefaction Tank 4
Thickness: 5 mm, MOC- SS304, Volume: 20 M3
Diamentions: Dia-3 Mtr, Height-3 Mtr, Thickness: 5
2 Retention Vessel 2
mm, MOC- SS304, Volume: 35 M3
Diamentions: Dia-2.2 Mtr, Height-3.3 Mtr,
3 Slurry Tank 4
Thickness: 5 mm, MOC- SS304, Volume: 20 M3
Diamentions: Dia-2.2 Mtr, Height-3.3 Mtr,
4 Recycle Stream Tank 2
Thickness: 5 mm, MOC- SS304, Volume: 20 M4
Consisting of: SACCHARIFICATION AND INSTANTANEOUS
Sno QTR
FERMENTATION SECTION
1 Fermenters Diamention: Dia-2 m , Height-2 m, Volume: 10 M3 4
Part of Fermenters : Shaft, Stirring Unit - Placed in
2 Accessories 4
store
Make: Vertex, Yr of Manuf: 2015, Dim: 1828x1220
MM , Fins tube Heat Exchanger , Flat type Air
Damper - 7 Qtr, Circular Air Contol Damper : 2 Qtr,
Duct MS Fabricated , Air Handling Fan (FD Fan
Without Motor)-Type Belt Drive, Capacity: 14000
Fermenter Cooling CMH, Power 40 HP, M/c No: 22235, 1 Qtr Impeller
3 4
System Size: 36 Inch , Air Handling Fan (ID Fan Without
Motor)-Type Belt Drive, Capacity: 16000 CMH,
Power 40 HP, M/c No: 22235, 1 Qtr Impeller Size:
36 Inch , 2 Qtr, ACC Fn Cover- 14 Ft, Qtr-4 , Air
Handling Fabricated Duct: Rectangular, (6x2 ft)
Gross Length: 8 FT
Hard Plastic Sheet-306 Qtr, ACC Cooling Fan Blade-
14Qtr, Fermentator Tank Cover : 01 Qtr, Gear
Part of Fermenters Box:2 , Motor: 40 HP-ABB, ACC Fan Cover : 14 Qtr,
4 _
Accessories tank Agitator with Control Panel: 5 Qtr , 1 Hp
Motor Fitted , Tank Agitator Cap: 2 QtrDia: 900
mm, Thickness: 10 mm
Dim: Dia-1 m , Height-3 m, SS304, Volume: 3 Cu.m,
5 Fabricated Tanks 1
Qtr-2
Sno Consisting of: MULTI-PRESSURE DISTILLATION SECTION & MSDH QTR
1 Distillation Columns, Dim: Height- 7.62 m ,Dia: 1 m, Vol: 5 Cu.m, SS304 9
41
 Molecular Sieve

Make: Vertex, Yr of Manuf: 2015, Dim: 1828x1220

2 Condensers & Coolers _
MM , Fins tube Heat Exchanger
Sno Consisting of: DECANTATION SECTION QTR
1 Decanter Centrifuges Dim: Height-7 m, Dia: 0.7 m, Vol: 3 Cu.m, SS304 2
Sno Consisting of:MULTI-EFFECT EVAPORATION SECTION QTR
Multi-Effect evaporator
1 Capacity: 5 Cum, Dim: Dia: 1 m, H-1.5 m SS304 4
Tank
Plate type Heat Exchanger, Max Out put Flow: 50
Multi-Effect Falling Cu.m, Fins MOC: Brazed and Body: MS ,Assesories :
2 5
Film Type Evaporators Heat Exchanger Plates: 200 (Part of Heat
Exchanger)
3 Analyser Column Capacity : 5 Cum 4
Sno Consisting of: DWGS DRYER SECTION QTR
Capacity: 30 Kg, Vol: 305 Ltr, Washing Speed: 40
1 Ribbon Mixer RPM, Dim: 1650 x 1000x 1250 mm, Yr of Inst: 2015, 1
Make: Ramsons
Sno Comprises of:SPIRIT RECEIVER AND BULK STORAGE SECTION QTR
Bulk Alcohol Storage Dim: H-11 Ft, Dia: 7 Ft, Thickness: 5 mm SS304 Vol:
1 6
Tanks 20 Cum
Dim: H-11 Ft, Dia: 7 Ft, Thickness: 5 mm SS304 Vol:
2 Denaturation Tank 6
20 Cum
Consisting of:AUXILIARIES : COOLING WATER SYSTEM &
INSTRUMENT AIR COMPRESSORS FOR
Sno LIQUEFACTION, FERMENTATION, MPR QTR
DISTILLATION AND MULTI-EFFECT EVAPORATION & DRYER
SECTIONS
Instrument Air
1 Compressors & Air _
Drier Air ReciverTank :Dia: 5 Ft, Height: 10 Ft, T-5 mm
Sno Consisting of: Coal cum Rice Husk Fired QTR
water wall tubes with
Make: Industrial Boiler, Capacity: 12 Ton, Type -
1 boiler drum without 1
AFBC
Mountings
Accessories Available
Super Heater Tube: Outer Dia: 40 mm, Thickness:5 1200
2 on Boiler Shed (Un-
mm mtr
erected Part)
3 Chimney Common 50 Mtr 1
Sno Consisting of: Water Treatment Plant QTR
1 Soft Water Tanks Only Tank : Capacity: 12 Cu.m, SS304 4
2 DM Water tanks Only Tank : Capacity: 12 Cu.m, SS305 3
Raw, Soft and DM
3 water storage tank 3
Only Tank : Capacity: 12 Cu.m, SS306
Sno Comprises of: Electrical QTR
PCC (Power Control
1 Aluminium Cabinet Store In Inventory Room _
Centre)
Cable from PCC to HT Cable , 11kV, 3.5 Core, Dia: 300 Sq.mm 500 Mtr
2
each MCC HT Cable , 11kV, 3.5 Core, Dia: 70 Sq.mm 600 Mtr
42
 HT Cable , 11kV, 3.5 Core, Dia: 50 Sq.mm 950 Mtr
Plant and Yard
3 Mild Steel Polygonal High Mast Street Light Pole 6
Lighting
MCC’s for various
4 Store in Inventory Room _
section
Distribution, earthing, Erected on Site ,Transformer : 1.15 MVA , 33KV
5 1
pits etc. ONAN, Make 013
Sno Consisting of: Civil QTR
1 Civil Foundations Erected on Site _
Boundary wall, Sumps,
Underground Water
Storage, Roads,
2 Buildings, Lab, Estimated 30 % Development _
Workshop, Lagoon,
Green Belt, Drainage,
Sewage Treatment,
Structural Column,
Truss, Gratings,
3 Railings, Foundation _
Bolts, Inserts, Roof, Process Shed Area: 5000 Sqft, Boiler Section : 3000
Side cladding, etc. Sqft, Brick Making Plant Area: 2000 Sqft
Sno Consisting of: Air/Steam Handling QTR
Multi Bag Filtration No of Chamber : 4 , Dim: 15 Ft, L - 5 Ft, W-8 Ft,
1 1
Unit Install Yr:2015
2 Duct - Circular 1
A Air Duct ( Circular) Length : 15ft , Dia: 3 ft, 1
B Air Duct ( Circular) Length : 30ft , Dia: 3 ft 1
C Air Duct ( Circular) Length : 20ft , Dia: 3ft 1
D Air Duct ( Circular) Length : 17 ft , Dia: 3ft 1
E Air Duct ( Circular) Length : 10ft , Dia: 3ft 1
F Air Duct ( Circular) Length : 10ft , Dia: 3ft 1
G Air Duct ( Circular) Length : 17ft , Dia: 3ft 1
H Air Duct ( Circular) Length : 22ft , Dia: 3ft 1
I Air Duct ( Circular) Length : 15ft , Dia: 3ft 1
J Air Duct ( Circular) Length : 8ft , Dia: 3ft 1
K Air Duct ( Circular) Length : 20ft , Dia: 1.5 ft 1
L Air Duct ( Circular) Length : 8ft , Dia: 3ft 1
M Air Duct ( Circular) Length : 5ft , Dia: 3ft 1
Front Size : 10ft x 15 Ft x 6Ft
Back Size : 1 Ft x 1 Ft
N Air Duct ( Rectangular) 1
Thickness: 5 mm
Shape: Rectangular
Sno Consisting of: Machine Tools QTR
Power : 3 Kw, Model: GM42, Bending Dia: 6mm to
1 Tube Bending Machine 1
40 mm
2 Rod Cutter Machine Power : 4 Kw, Cutter Dia MAX: 40 MM 1
Production Capacity : 15 - 20 Ton/Hr, Automation:
3 Sheet Rolling Machine 1
Semi
4 Engine Lath Machine 20" x 24" Chuck Dia: 2100mm 1
5 Drilling Machine Rating : 2 Kw, Max Drilling CpacityDia: 32 mm 1
43
6 Cutter Machine Size: 3400x1930x1450 mm 1
7 Air Compressor Capacity: 30 CFM 1
material of Construction Stainless steel
Power Source Electric
Blade Capacity 14-40 Inch
8 CNC Frame cutting 1
Depth Of Adjustment Screw Mechanism
Drive Mechanism Chain Drive
Max Cutting Depth 400 mm
Capacity : 10 TON, Make Yr: 2015, Type: Single
9 EOT Crane 1
Girder Bridge, Span : 150 Ft
Sno Consisting of: Construction Machines QTR
Fly Brick Making Capacity : 1500-2000 Bricks/Hrs , Method :
1 1
Machine Hydraulic Press Make Yr 2014
Height of Mixer Platform : 15 Ft, Filling Width : 12
2 Mix Batch Plant 1
Ft MS Supporting Sdtructure, 6 Hopper
Assesories of Mix
3 1
BATCH Plant Nylon BELT : w: 2.5 ft, L-50 ft
4 Wall Fensing Wire Length : 100 Ft , W-5 Ft , MOC : MS 10
Capacity : 100 Ton, Plate Form Size: 50 Ft x 10 Ft ,
5 Weight Bridge Made 12 MM Steel plate with M.S Strip on the Top 1
and it is Bolted on Girders
Sno Consisting of: Mis. Item QTR
1 Part of ENA : Tank Volume : 5 Cum, SS304 1
Part of ENA: Wet cake
2 1
Storage Tank Volume : 250 Cum, SS304
3 Hydraulic Piston 20 Ft x 5 Ft Estimated Weight : 3 Ton 5
molecular sieve
dehydration System
4 D-5 Ft, L-8 Ft, Vol: 5 Cum 2
with supporting
structure
Store Inventory Items
Sno Part Name Description Qtr
1 Klinger Jointing Sheets 50x20 Mtr, Thickness: 3mm, WT: 35 Kg 2
2 Philips LED Tyoe: B35175 Lum: 850, Power: 15W 16
3 Exhaust Fan : Brisk Air Power: 40 W 5
4 Philips Wall LED SIZE: 2FT X 2FT 1
Electrical MCB PANEL
5 12
LT HAVELLS
6 Exhaust Fan :Bajaj MAXIMA DX 2
Switch Type Modular, Color WhiteMaterial Plastic,
7 Roma Switch Current Rating (Amps) 12-15 amp, Brand Anchor, 12
Frequency (Hertz) 50-60 hz, Flame Retardant Yes
Switch Type Modular, Color WhiteMaterial Plastic,
8 Roma Switch Current Rating (Amps) 12-15 amp, Brand Anchor, 15
Frequency (Hertz) 50-60 hz, Flame Retardant Yes
9 Electrical Fitting Tranch Plastic Size : 3 FT 8
10 Drill Machine Make : MEW , ELMAK, Power : 0.37 1
44
 Contret Settling
11 5
Vibrator Make: Greaves, Power:1 Kw
12 Motor Power: 3kW 2
13 Submersible Pump Power: 1 Kw 1
14 Hollow Pipe : Fittings Material HDPE, Length: 20 Ft 200
WT: 5 Kg, Grade: VENUS308L, Make: Venus Wire
15 Welding Rods Packet 5
Industries, Size: 2.40 mm
16 TIG Filler 10Ft Heigth 3
17 Motor with Base Cosole Power: 2 Kw 1
Shaft : SS304 Part of
18 9
Fermentation tank L: 5.5FT, Dia: 50 mm, With Flange
19 Conveyor Belt Width : 3 Ft , Length : 30 Ft 1
20 Pressure Relief Valve 40"x50", PSV-40FX, Serial No: 40670 2
21 Solid SS Bar Length: 10 Ft, Dia: 8" 8
MAKE: FAN Tech Engineer ,Moc: MS, Each Box
22 Popup Valve : 10 box 40
Contain: 4 valve
23 Submersible Pump Make: KSB, Model: 125/ 10952031000/ 30 Cu.hr 2
Boiler Part Steam Make :Induatrial Boiler Ltd, Manuf. Yr: 2015, Max.
24 5
Header Pressure: 47 Kg/cm2, Size: 3 FT, Thickness : 10 mm
Make: Daring Muesco, Model: SUC-500 size:
25 Safety Valve 2
500mm
26 Glove Valve size: 18mm, Make : KSB 18
Drilling Machine :
27 1
Hitachi Portable
28 Safety Relief Valve Size: 250 MM 4
Model Name/Number Model AUsage/Application
Pressure Measuring Industrial
29 4
Gauge Material Mild SteelConnection Bottom Connection,
Color Black
Power Supply 7.5 to 45 V DC,Packaging Type Box,
30 Thermo RTD 5
Output 4-20 mAAmbient Temperature 85 deg C
Material of construction CS / SS-304/ SS 316 / PVC
Gasket CAF / Teflon / Wire Mesh
31 Boiler Level Gauge 2
Bolts & Nuts ASTM A 193 B7 / 194 2H / SS
Accessories Scales / Shield
32 Motor 3Hp 1
33 Tank Stirng Unit Shaft with Mechnical Attachment 3
34 Torpolin Plastic febric, Wt: 40 Kg 1
35 Pipe Angle Plastics Fittings 4
MAKE kpt, Power: 1100W,Maker: Kulkarni Power
36 Drill Machine 2
Tool
Tank Stirring Unit :
37 16
Flange MS
38 PVC: Waste Water Plastic 100
39 Shed Air Vent Aluminium 10
40 Boiler Door MS 13
41 Ash Bricks Mold Plastic 5

45
 Max Bending Radius 0-50 mm
42 Bar Cutting Machine Brand Jaymac 1
Motor 5,7.5 Hp
43 UPS Champion Rating : 5KVA 1
44 Pipe Flanges : MS Size: 30 cm, 23 cm, 11, cm, 16 cm, 20 cm 120
45 Pipe Flanges : SS Size: 20 cm, 10 Cm 30
46 Welding Holder 26
47 PnematicVidrator 2
MechnicalPully :
48 9
Material Handling
49 Drill Machine Prime Machine TOOL 2
Capacity 5 Kg, Max Temperature 300 Degree C
Material Welding Electrode, Phase Single Phase
50 Electrod Heating 3
Power Requirement 230 V, Working Space 105 mm
Dia x 450 mm Depth
51 Motor Coupling 2
Ambient and Fluid Temperature 5-60 deg C
52 Pnumatic Air Regulator Ensured Pressure Resistance 1.5 Mpa, Highest 8
Working Pressure 1.0 MPa
53 Welding Machine Maker: Superon, 2.5x350 mm 4
54 Tube Cape MS 4
55 Grinding Machine 2
56 Electrical Panel Make: Schneider ,Sl.No: D42-40016 5
57 Electrical Cable Lots 5
Current Capacity 40 amp
Model Name/Number Servomate 10 kva model
58 Stabiliser - 10 Kva Phase Single Phase 1
Input Voltage 90-300 V
Output Voltage 230+_10%
59 Power HT Cable Holder 12
60 Motor Conderser- HT 54 v, 82 v 4
Electrical Hellogen
61 3
Holder Caseing
62 Electrical Panel console HT 3
63 Junction Box Electrical Box 5
64 Scres and Nuts Different Sizes 500Kg
65 Electrical Panel Gates 7 ft x 3 ft 2
Electrical Panel console
66 40
With Circuits 7ft x 1.5 ft x 1.5 ft , Thickness : 3 mm
Electrical Panel console
67 44
With Circuits 7 ft x 2.5 ft x 1.5 ft Thickness : 3 mm
Electrical Panel console
68 3
With Circuits 7ft x 3.10 ft x 2 ft Thickness : 3mm
69 Welding Machine Model No: Transweld - 400 9
70 Welding Machine Model No: SSR 5
71 Welding Machine Model No: BESTARC 6
72 Submersible Pump Maker: KSB, 7 Cu.m 2
73 IBR Pipe Length: 9.5 Ft, DN: 6", T-8 mm 1
46
74 IBR Pipe Length: 10 Ft, DN: 6", T-8mm 1
75 IBR Pipe Length : 8.5 ft ,DN: 5.5", T-8mm 1
76 IBR Pipe Length: 12 Ft, DN: 5.5", T- 8 mm 1

47
 ANNEXURE-VI

Format for Confidentiality Undertaking

(To be executed on required stamp paper and notarized)

To,
Mr. Amresh Shukla
LIQUIDATOR OF GOEL AGRIGREEN FIELDS PVT.LTD.
IBBI Registration No.: IBBI/IPA-001/IP-P00120/2017-18/10255
F-05, Jaideep Complex,
112, Zone-II, M.P. Nagar,
BHOPAL- 462011,
Email: [email protected]

Sub: Confidentiality Undertaking with respect to Expression of

Interest (“EOI”) for participating in the E-Auction Process for GOEL
AGRIGREEN FIELDS PVT. LTD. (in liquidation) (“Corporate Debtor”)

Dear Sir,

1. This acknowledgement and undertaking (“Undertaking”) is being

furnished by ___________________________ (“Recipient”, which
term where relevant includes all directors, employees and
consultants, successors and assigns of the Recipient), in respect of the
Confidential Information (as defined herein) provided / to be
provided to us in relation to GOEL AGRIGREEN FIELDS PVT. LTD.
(the “Corporate Debtor” or the “Company”) including in respect of
its assets, and is further to the confidentiality obligations of the
Liquidator under the provisions of the Insolvency and Bankruptcy
Code, 2016 (“Code”) which term includes all rules and regulations
made thereunder).

2. I/We understand, acknowledge and agree that any and all

information supplied, whether by you, the Corporate Debtor or
anyone else on your or the Corporate Debtor’s behalf, to us or to any
other person on our behalf, including any third parties (“Secondary
Recipient”) in relation to E-Auction Sale Process including
submission of an Expression of Interest, or any information provided
pursuant to any request made by us and in each case information
whether in written form, electronically or orally shall constitute
“Confidential Information” for the purposes of this Undertaking.

Confidential Information shall also include information or

Documents generated or derived by the recipients of Confidential
Information that contains, reflects or is derived from any
48
Confidential Information.

However, Confidential Information shall not include:

(a) information which, at the time of disclosure to the Recipient or
Secondary Recipient(s), is in the public domain through no
violation of the provisions of the Code or a breach of this
Undertaking or any similar undertakings executed by the other
Stakeholders (which term shall have the meaning in the
Liquidation Regulations) of the Corporate Debtor and their
respective advisors; or
(b) information which, after disclosure to the Recipient or
Secondary Recipient(s), becomes publicly available and
accessible through no violation of the provisions of the Code or
a breach of this Undertaking or any similar undertakings
executed by the other Stakeholders (which term shall have the
meaning in the Liquidation Regulations) of the Corporate
Debtor and their respective advisors; or
(c) information which was, lawfully and without any breach of this
Undertaking or any similar undertakings executed by the other
Stakeholders (which term shall have the meaning in the
Liquidation Regulations) of the Corporate Debtor and their
respective advisors, known to, or in the possession of, the
Recipient or Secondary Recipient(s) prior to its disclosure, as
evidenced by the records of the Recipient or Secondary
Recipients; or
(d) information which is permitted by you or your authorized
nominees/ persons to be disclosed solely for legal or regulatory
requirements, provided that the obligation upon the Recipient
to maintain confidentiality of such information permitted to be
disclosed shall continue for all other purposes under this
Undertaking;
(e) information which was independently developed by any party
(including the Recipient and the Secondary Recipient) without
breach of this Undertaking, and not on the basis of Confidential
Information, that is required to be disclosed on account of an
order of a court or due to any requirement of law, regulation or
any competent judicial, supervisory, regulatory or
administrative authority/ body including the directions of any
regulatory authority applicable to, or having jurisdiction over,
the Recipient and the Secondary Recipient, or in any other legal
proceedings (including the National Company Law Tribunal,
Insolvency and Bankruptcy Board of India, any other court,
tribunal or government authority) or pursuant to the guidelines
of regulatory/administrative authority or stock exchange. The
Recipient shall disclose such information only with prior
intimation to the Liquidator or the Corporate Debtor or any
person authorised on their behalf.
49
3. The Recipient hereby acknowledges, agrees and undertakes that:
(a) The Confidential Information provided by the Liquidator
(which term shall have the meaning in the Code) in relation to
the liquidation process (“Liquidation”) of the Corporate Debtor
has been accepted by the Recipient and shall be utilized only in
accordance with the Code; (b) this undertaking shall be valid in
perpetuity.
(b) the Confidential Information shall be kept secret and
confidential by the Recipient and shall be used solely as allowed
under the Code;
(c) the Recipient shall not use Confidential Information to cause an
undue gain or undue loss to itself or any other person;
(d) the Recipient shall comply with the provisions of law from time
to time in force relating to confidentiality and insider trading;
(e) the Confidential Information may only be disclosed to and
shared with third parties (the “Secondary Recipients”), in
accordance with applicable laws, including in relation to
confidentiality and insider trading, and terms of this
Undertaking on a strict need-to-know basis and only to the
extent necessary for and in relation to participation in the
Liquidation process of the Corporate Debtor, provided that the
Recipient shall ensure that such Secondary Recipients shall
strictly be bound by obligations that are at least as restrictive as
those stated in this Undertaking. The Recipient shall be liable for
any breach of this Undertaking due to any action or omission of
any Secondary Recipient and in this regard this Undertaking
would be read as if the Secondary Recipient were a party hereto
with all references to Recipient being a reference to Secondary
Recipient;
(f) it shall immediately disclose to the Liquidator, if so required by
the Liquidator, the names and details of any and all Secondary
Recipients;
(g) it shall ensure that all Confidential Information is kept safe and
secured at all times and is properly protected against theft,
damage, loss or unauthorised access, hacking, etc.;
(h) by virtue of this Undertaking, it has not acquired, does not and
shall not acquire at any time hereafter any right, title or interest
of any nature whatsoever in the Confidential Information
including any intellectual property;
(i) the Recipient shall protect any intellectual property of the
Corporate Debtor it may have access to;
(j) No representation or warranty has been provided in relation to
the authenticity or adequacy of the information provided,
including Confidential Information, for the purposes for which
the same has been received /sought by the Recipient and the

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 Recipient shall not have any claim against the Corporate Debtor
or the Liquidator in relation to any information provided.
Further the Recipient merely because of receipt of any
information or execution of this Undertaking shall not have any
rights or entitlement against the Liquidator for undertaking any
action/transaction in connection with the Liquidation of the
Corporate Debtor.

4. Recipient acknowledges and agrees that in the event of breach or

threatened breach of the terms of this Undertaking, the Corporate
Debtor shall suffer irreparable damages, for which monetary
compensation may be an inadequate remedy. Accordingly, it is
agreed that in addition to any other remedy to which they jointly or
severally may be entitled to at law or in equity, the Liquidator and
the Corporate Debtor jointly or severally shall be entitled to seek an
injunction to prevent a breach or threatened breach of this
Undertaking and/ or specific performance of the terms of this
Undertaking and/or any other remedies available at law. The
Recipient shall indemnify you and the Corporate Debtor on demand
in respect of any type of liability, loss, damage, claims and expenses
(including legal/attorney fees) arising out of or in connection with
breach of this Confidentiality Undertaking by the Recipient.

5. We acknowledge and undertake:

i. That we will comply with provisions of law for the time being
in force relating to confidentiality and insider trading.
ii. That we will protect any intellectual property of the
Corporate Debtor we may have access to; and
iii. That we will not share relevant information with third party
unless clauses (a) and (b) of Section 29(2) are complied with.
iv. That we shall maintain confidentiality of all the information,
fair value andliquidation value and shall not use such
information and/ or value to cause an undue gain or undue
loss to ourselves or any other person and comply with the
requirements under sub-section (2) of section 29.
v. That we will inform you if there is any conflict of interest or
issues with our independence or relation with regard to
yourself, the corporate debtor, financial creditors, other
professionals, interim finance provider or potential resolution
applicants in the matter.

6. This Undertaking and any dispute, claim or obligation arising out of

or in connection with it shall be governed by and construed in
accordance with Indian law and the courts and tribunals at Bhopal

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 shall have exclusive jurisdiction over matters arising out of or
relating to this undertaking.

IN WITNESS WHEREOF I/We have set our hands hereunder on this

________________________day of ____ {Month}, 2023 at
_________________________.

SIGNED AND DELIVERED BY:

For and on behalf of _________________________

WITNESS:

(Signature) (Signature)
(Name) (Name)
(Address) (Address)

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