Description
| Deal No | HI-3 |
| Business Domain | Heavy Manufacturing |
| Sub-Domain | Tubular Battery Manufacturing Plant |
| Geographical Location of Asset | Bangalore Karnataka |
| Reason for Stress | Working Capital Mismanagement |
| Price Range/Ticket Size | Rs 40 Cr. |
| Debt | Crystallized within price. |
| Value of Associated Real Estate | Rs 100 Cr |
| Details of Other Liablities | There are liablities of Operational Creditors as well, however since the asset is being sold under liquidation, the liablities of the operational creditors or statutory dues become redundant |
| Financials | The Asset can be acquired in the Liquidation Process under Insolvency & Bankruptcy Code-2016 @ Rs 60Cr |
| Litigations | The asset became an NPA and the promoters applied for CIRP u/s 10 of IBC. The petition was admitted CIRP (Corporate Insolvency Resolution Process) Proceedings under IBC commenced . |
| 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 |
Reviews
There are no reviews yet.