E-AUCTION - UNDER IBC, 2016 GENERAL COMPOSITES PRIVATE LIMITED (IN LIQUIDATION)

E – Auction - Shahpur – Thane District - Mumbai – Nashik Highway – 10 Acres – 42,200 SQ. meters approx. Land (And Building thereon with machinery) Composite Manufacturing Unit - Factory for Sale – Liquidation as Slump Sale. Rs. 10.30 crores Reserve Price Approx. USD 1,175,000

E – Auction Liquidation as a Slump Sale dated on 24.11.2025 from 3.00 p.m. to 4.00 p.m. with unlimited extension of five minutes.

Land & Building Approx 42,200 Sq meters (approx.10 acres) Land Village Lahe, Survey no. 208, 302 & 303, Nr. Vikas industries, Mumbai – Agra National highway, Taluka Shahapur, Dist Thane, MH Industrial Building of R.C.C. & A.C. Shed type approx. Area 2974 Sq. Mtr. & Plant & Machinery And Financial Assets & Securities : For assets description refers to E Auction Document on E-AUCTION website i.e. https://ibbi.baanknet.com/eauction-ibbi/auc-listing Auction ID No – 1945 or through E mail : dpsampat@sampatassociates.in & ip.generalcpl@gmail.com

Interested applicant shall participate after mandatorily reading and agreeing to the COMPLETE E-AUCTION PROCESS INFORMATION DOCUMENT containing details of terms and conditions of online E-Auction, E- Auction Bid form, eligibility criteria, declaration by bidders, EMD requirement, etc., available on the service provider web portal https://ibbi.baanknet.com/eauction-ibbi/home

The liquidator has the absolute right to accept or cancel or extend or modify, etc. any terms of condition of E-Auction at any time. He has right to reject any of the bid without giving any reasons.

E- Auction will be conducted as on “AS IS WHERE IS BASIS”, “AS IS WHAT IS BASIS”, “WHATEVER THERE IS BASIS” and “NO RECOURSE BASIS” only and as such, the E-Auction shall be without any kind of waivers, warranties and indemnities.

The bidder shall submit an undertaking that the bidder does not suffer from any ineligibility under section 29A of the Insolvency & Bankruptcy Code, 2016 and that if the bidder is found ineligible under section 29A of the Insolvency & Bankruptcy Code, 2016 at any stage, the earnest money deposited shall be forfeited.

Kindly refer E-Auction Process Information Document Terms and Conditions available on web portal https://ibbi.baanknet.com/eauction-ibbi/home Auction ID-1945.