LIQUIDATION - EOI FOR SUBMISSION OF SCHEME U/s 230 of CA 2013 Home | Sitemap | Contact
  LIQUIDATION - EOI FOR SUBMISSION OF SCHEME U/s 230 of CA 2013  
     

Liquidator has received EOI from Three Prospective Bidders, for submission of Scheme u/s 230 of the CA 2013


Haldia Petrochemicals Limited

Accord Distillers and Brewers P Limited

Adani Ports and Special Economic Zone Limited

The same are under scrutiny and verification, and the Liquidator would share the Asset Memorandum/Valuation Report to the bidders who have submitted EOI as per terms and conditions specified.

EOI SUBMISSION STATUS:

 

Valuation Report together with Asset Memorandum has been circulated to the Prospective Bidders in electronic mode on 13.08.2019. They have been provided time upto 16.09.2019 (Monday) until 5.00 P.M to submit the scheme as per Section 230 of the Companies Act, 2013 read along with IB Code, 2016

 

SCHEME SUBMISSION STATUS:

 

"In furtherance to the request received from the Bidders and also in consideration of the fact that various commercial, technical and legal issues are yet to be addressed and to enable the Bidders to conduct a detailed Due Diligence, the last date for submission of Scheme has been extended till Thursday, 10.10.2019 (05.00 P.M)".

 

NEW UPDATE:

 

"One of the Bidders, M/s. Accord Distillers & Brewers P. Ltd., have sent a Letter to the office of the Liquidator dated 17.09.2019 requesting for withdrawal of their Bank Guarantee and in furtherance to the same, the Liquidator will be taking all the necessary steps to relieve them from the Bidding process".

 

"Letter from Accord Distillers and Brewers P Limited"

 

SUBMISSION OF SCHEME:

 

"Out of the two Prospective Bidders, M/s. Haldia Petrochemicals Limited have submitted a Scheme under Section 230 of the CA, 2013 read with IBC, 2016 before the last due date (i.e.) 10.10.2019 and the same is under consideration".