SALE NOTICE FOR ASSETS

LML LIMITED (In Liquidation)

(A company under liquidation process vide Hon’ble NCLT order dated March 23, 2018)
Office of the company: C-10, Site-II, Panki Industrial Area, Kanpur UP 208022, India
Liquidator: Arun Gupta
E-Auction
Sale of Assets under Insolvency and Bankruptcy Code, 2016
Last Date to apply: June 29, 2019
Date and Time of E-Auction: Tuesday, July 2, 2019 at 1.30 pm to 4.30 pm
(With unlimited extension of 5 minutes each)

Sale of Assets and Properties owned by LML Limited (In Liquidation) forming part of Liquidation Estate by the Liquidator,
appointed by the Hon’ble National Company Law Tribunal, Allahabad. The sale will be done by the undersigned through the e-
auction platform https://ncltauction.auctiontiger.net

Basic Description of Assets and Properties for sale:

Block Reserve Price Earnest Money

Asset/Location Address/Area No. Deposit (INR)
(INR)
Land & Building C-10, Site-II, Panki Industrial Area, Kanpur, UP (Area
1 288.00 crore 14.40 crore
at Kanpur 67.56 acres)
Land & Building E-14, Site-II, Panki Industrial Area, Kanpur, UP (Area
2 1.47 crore 14.70 lakhs
at Kanpur 1174.27 sq mtr)

C-4, Site-II, Panki Industrial Area, Kanpur, UP (Area

Land at Kanpur 3 4.55 crore 45.50 lakhs
4202.00 sq. mtr.)

103 TO 112, Building A, Kalpita Enclave Cooperative

Office 4 56.70 lakhs
Housing Society, Swami Nityanand Marg, Andheri East, 11.34 crore
at Mumbai
Mumbai-400069 (Area 7338 sq ft)
old cars (25 Nos.) (Scrap) and two wheeler (1 No.) (Scrap)
Old Vehicles 5 1.00 lakh
(as per list) at C-10, Site-II, Panki Industrial Area, Kanpur, 10.00 lakhs
(Scrap) at Kanpur
UP

Terms and Conditions of the E-auction are as under

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 provider M/s E-Procurement
Technologies Limited ( Auction Tiger) , 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 and www.lmlworld.in
Contact person on behalf of E-Auction Agency (Auction Tiger): Mr. Tilak Maratha Email id - tilak@auctiontiger.net,
support@auctiontiger.net, Mob. No.: +91 6351896834, Ph. No.: 079-61200 513 / 551/554 / 577/594 / 596
Contact person on behalf of Liquidator: CA. Anil Bhatia, Email id – lml.auction@gmail.com Tel No. 011-41066313, Mob.
No.:+91 9899224476

Interested bidders can register, bid and receive confirmation of their bid online.

The requisition of additional information, if any, be sent to lml.auction@gmail.com disclosing the identity of the Applicant.

(On going to the link https://ncltauction.auctiontiger.net , User bidders will have to search for the mentioned
company by using either one of the two options, (i) company name ‘LML Limited’ or by (ii) state and property
type).

2. Any asset lying at any premise/property of the company and not part of Liquidation Estate shall not be covered in any Block under
this document and will not be available for sale/transfer.
3. 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 are being sold with all the existing and future encumbrances/claims/dues/demands whether known or
unknown to the Liquidator. Liquidator shall not be responsible in any of way for any third party claims/ rights/ dues.
4. The Information in respect of the property/asset has been stated to the best of knowledge of the Liquidator, however, he shall not
be responsible for any error, misstatement or omission in the said particulars. It should be noted that the Liquidator does not make
any representation as to the correctness, validity or adequacy or otherwise of any information pertaining to the Asset nor does he
provide any guarantee or warranty as to the ownership of asset or the conditions of the property/ asset or its quality for any specific
purpose or use.
5. The Prospective Bidders are required to deposit Earnest Money Deposit (EMD) either through Demand Draft/ NEFT/ RTGS in
the bank account of ‘LML Limited (In Liquidation)’. Account No. 37695083493, State Bank of India, Branch Greater Kailash-
II, New Delhi, IFSC code: SBIN0008441 drawn on any scheduled bank or give a bank guarantee for EMD amount as per format
A or format B as given in the complete E-Auction Process Document.
6. The Prospective Bidders should submit the evidence for Bank Guarantee or Earnest Money Deposit (EMD) deposit like UTR
number along with the Request Letter for participation in E-auction, self- attested copies of (i) Proof of identification (KYC) viz.
Voter ID card/ Driving License/ Passport/Aadhar Card etc., (ii) Current Address-Proof for communication, (iii) PAN card of
Bidder, (iv) Valid Email ID, (v) contact number (Mobile/Landline) of the bidder etc., to the office of Liquidator at the address
given below or by email on or before 29th June 2019.
7. Name of Eligible Bidders will be identified and conveyed by Liquidator to participate in online e-auction on the portal
https://ncltauction.auctiontiger.net
Agency will provide User ID & Password to the Eligible Bidders after due verification of KYC of the Bidders.
8. It is the responsibility of the interested bidders to inspect and satisfy themselves about the property/asset before submission of the
bid. The property/asset mentioned above can be inspected by prospective bidders at the site with prior appointment, contacting
CA. Anil Bhatia at lml.auction@gmail.com Tel No. 011-41066313 Mob. No. +91 9899224476
9. Liquidator has right to demand documents from bidder for the process and in case the documents are not provided, the liquidator
may disqualify the bid.
10. The E-Auction / bidding of the assets of LML would be conducted exactly on the schedule Date & Time as mentioned against
each property/asset by way of inter-se bidding amongst the bidders. The bidder(s) may improve their offer in multiple of “Bid
Increment Amount” against each property/asset. The Bid Increment Amount for respective Block is give below:

Block No. Minimum Incremental amount or

in multiples of these amount (Rs.)

1 25,00,000
2 2,00,000
3, 4 5,00,000
5 25,000

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.
11. The bidder who submits the highest bid amount (not below reserve price) shall be declared as the successful bidder and a
communication to that effect shall be issued through electronic mode by liquidator.
12. The EMD of unsuccessful bidders shall be refunded. The EMD shall not bear any interest in any circumstances.
13. In case of the Successful Bidder(s), the EMD (whether in the form of a Demand Draft or a Bank Guarantee) may be banked or
invoked.
14. The Liquidator will issue a Letter of Intent (LOI) to the Successful Bidder, detailing the total payable amount and other terms
and conditions. The Successful Bidder shall have to deposit the balance sale consideration within 15 days of LOI. Any default in
deposit of such balance amount by the successful bidder would entail forfeiture of EMD and the property/asset may be may be
offered to second highest bidder or put to re-auction and the defaulting bidder shall have no claim / right in respect of property
/asset/ amount, whatsoever.
15. The Successful Bidder shall bear the applicable stamp duties/ additional stamp duty, transfer charges, registration charges, fees,
Taxes, GST, etc. and also all the statutory/ non statutory dues, taxes, rates, assessment charges, fees, maintenance, utility bills
etc. owing to anybody.
16. The Liquidator is not bound to accept the highest offer and has the absolute right to accept or reject any or all offer(s) or adjourn
/ postpone/ cancel the e-Auction or withdraw any property/asset or portion thereof from the auction proceedings at any stage
without assigning any reason there for.
17. The sale certificate and / or conveyance document and/or sale deed and/ or transfer documents and/or Lease deed etc. will be
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).
18. The sale shall be subject to conditions prescribed under the Insolvency & Bankruptcy Code, 2016, provisions and regulations
thereunder.
19. The interested bidders may give offers either for one or more than one asset block. In case a bidder bids for more than one asset,
it will be required to submit separate EMD amounts for each asset block.
20. The decision of the Liquidator on declaration of Successful Bidder shall be final and binding on all the Bidders.
21. The bidder should go through the e auction Process Document before participating in the auction process.

Arun Gupta Date: 14.06.2019

Liquidator Place: New Delhi
IBBI Reg. No: IBBI/IPA-002/IP-N00051/2016-17/10095
Regd. Address: A-57, Sector 30, NOIDA-201301, UP, India
Regd. Email: arungupta2211@gmail.com
Email for the purpose of sale of Assets: lml.auction@gmail.com
Telephone No.: 011-41066313
Correspondence Address: M-17, 4th Floor, Main Market, Greater Kailash-II, New Delhi-110048