Industrial Land G. Noida

140

The land parcel of 67 Acres is composed of 3 parcels of 11.5Acres, 14.5Acres, 41 Acres. The parcels of 11.5 Acres and 14.5 Acres were bought in 1987 as agriculture land of which 11.5 Acres was vested with UP Govt under ZALR Act and was leased back under Government Grant Act for a period of 30 years (renewable). The balance of 14.5 Acres is freehold non-agriculture land u/s 143. In 1993 Greater Noida Authority had allotted 41 acres of land on leasehold basis for industrial purpose.

Category:

Description

Deal No LA-4
Business Domain Land
Sub-Domain Factory/Industrial/Warehousing
Geographical Location of Asset Delhi-NCR , Northern India
Reason for Stress Technical/Technological Issues
Price Range/Ticket Size Rs 140 Cr
Debt Rs 800 Cr
Value of Associated Real Estate Rs 300 Cr
Details of Other Liablities Net of all liabilities
Details of Secured Creditors Lenders are a consortium of 13 banks who have parked the asset with an ARC & now the asset is under Liquidation in NCLT.
Litigations Proceedings under Liquidation IBC undergoing in NCLT
Additional Information For Premium Members Only
Ways to unlock potential For Premium Members Only
Exit Strategy For Premium Members Only
Name of Owner For Premium Members Only

 

 

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