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    IVRCL - Public Advertisement - EOI-2nd Auction

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    sunil.claycapital
    The Liquidator is inviting expressions of interest to submit bids for the sale of IVRCL Limited as a going concern under liquidation. IVRCL Limited is an infrastructure company headquartered in Hyderabad with operations across various segments in India and overseas. The company is under liquidation by order of the NCLT. Prospective bidders can email the Liquidator for eligibility criteria and other documents required to participate in the second e-auction scheduled for July 21, 2021, with a reserve price of INR 1,600 Crores. The process will be subject to regulations and requires approval of the adjudicating authority.

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    IVRCL - Public Advertisement - EOI-2nd Auction

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    sunil.claycapital
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    The Liquidator is inviting expressions of interest to submit bids for the sale of IVRCL Limited as a going concern under liquidation. IVRCL Limited is an infrastructure company headquartered in Hyderabad with operations across various segments in India and overseas. The company is under liquidation by order of the NCLT. Prospective bidders can email the Liquidator for eligibility criteria and other documents required to participate in the second e-auction scheduled for July 21, 2021, with a reserve price of INR 1,600 Crores. The process will be subject to regulations and requires approval of the adjudicating authority.

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    IVRCL- Public Advertisement- EOI-2nd auction

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    The Liquidator is inviting expressions of interest to submit bids for the sale of IVRCL Limited as a going concern under liquidation. IVRCL Limited is an infrastructure company headquartered in Hyderabad with operations across various segments in India and overseas. The company is under liquidation by order of the NCLT. Prospective bidders can email the Liquidator for eligibility criteria and other documents required to participate in the second e-auction scheduled for July 21, 2021, with a reserve price of INR 1,600 Crores. The process will be subject to regulations and requires approval of the adjudicating authority.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    30 views1 page

    IVRCL - Public Advertisement - EOI-2nd Auction

    Uploaded by

    sunil.claycapital
    The Liquidator is inviting expressions of interest to submit bids for the sale of IVRCL Limited as a going concern under liquidation. IVRCL Limited is an infrastructure company headquartered in Hyderabad with operations across various segments in India and overseas. The company is under liquidation by order of the NCLT. Prospective bidders can email the Liquidator for eligibility criteria and other documents required to participate in the second e-auction scheduled for July 21, 2021, with a reserve price of INR 1,600 Crores. The process will be subject to regulations and requires approval of the adjudicating authority.

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    Invitation for Expressions of Interest to submit bid for IVRCL Limited under

    Liquidation as Going Concern (Second E-auction Process)


    IVRCL Limited, a company incorporated in 1987, having its registered office at M-22/3 RT, Vijayanagar
    Colony, Hyderabad – 500057, Telangana, is a public listed entity and is one of the leading EPC and
    Infrastructure company in India. It is headquartered in Hyderabad. Its operations are diversified across
    various infrastructure segments including Water & Environment, Irrigation, Transportation, Buildings &
    Industrial Structures, Power Distribution & Transmission, Operation & Maintenance and Mining spread
    across various geographical locations in India and overseas. Details regarding IVRCL Limited’s operations
    can be found on its website www.ivrcl.com.

    The Company is under Liquidation as a Going Concern pursuant to an order of the Hon’ble National
    Company Law Tribunal, Hyderabad Bench (“NCLT”) dated 26 July 2019. Mr. Sutanu Sinha, Liquidator,
    appointed by the NCLT, hereby invites Expression of Interest from prospective bidders for the purpose
    of submission of bid in respect of sale of IVRCL Limited (“Company”) as a Going Concern vide Regulation
    32A of Insolvency and Bankruptcy Board of India (Liquidation Process), Regulations, 2016 and as per the
    provisions of Insolvency and Bankruptcy Code, 2016 (“Code”).

    Any prospective bidder who is desirous of submitting bid, is requested to Email us to


    sutanusinha@bdo.in / liquidatorivrcl@bdo.in for the Eligibility Criteria for submission of bid.

    Please note that access to data / documents / information and site visits will be granted only once the
    bidder submits the requisite documents / undertakings / Bid Bond Guarantee, if any, proving his eligibility
    to participate in the bidding process. Copies of the forms / documents / undertakings/ Bid Bond Guarantee
    can be obtained from the Second E-auction Process Information Document.

    It is informed that the second E-auction shall be scheduled on 21 July 2021. The qualified bidders who
    meet the Eligibility Criteria can participate in the E-Auction, by bidding for at least the Reserve Price, i.e.
    INR 1,600 Crores (Rupees One Thousand Six Hundred Crores) subject to the terms of the E-auction
    Process Information Document.

    It is clarified that, this invitation purports to ascertain interest of prospective bidders and does not create
    any kind of binding obligation on the part of the Liquidator or the Company to effectuate the sale. The
    Liquidator reserves the right to cancel or modify the process and / or not to accept and / or disqualify
    any interested party / potential investor / bidder without assigning any reason and without any liability.
    This is not an offer document. Applicants should regularly visit the website referred above to keep
    themselves updated regarding clarifications, amendments, or extensions of time, if any.

    The entire process shall be subject to the extant Regulations, the Code and approval of the Adjudicating
    Authority.

    For any clarifications, if any, please write to: sutanusinha@bdo.in / liquidatorivrcl@bdo.in

    Place: Hyderabad Sd/-


    Date: 16 June 2021 Sutanu Sinha
    Liquidator of IVRCL Limited
    Registration No. IBBI/IPA-003/IP-N00020/2017-18/10167

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