INVITATION FOR EXPRESSION OF INTEREST
(Under Regulation 36A (1) of the IBBI (Insolvency Resolution Process of Corporate Persons) Regulations, 2016
RELEVANT PARTICULARS
| 1 | Name of the Corporate Debtor | STEELCO GUJARAT LIMITED |
|---|---|---|
| 2 | Date of Incorporation of Corporate Debtor | 09 January 1989 |
| 3 | Authority under which corporate debtor is incorporated / registered | Registrar of Companies, Ahmedabad, Gujarat |
| 4 | Corporate Identity Number of the Corporate Debtor | L27110GJ1989PLC011748 |
| 5 | Address of the Registered Office and Principal Office, if any, of the Corporate Debtor | Plot No. 2, G.I.D.C Estate, Palej, Dist. Bharuch, Gujarat-392220 |
| 6 | Insolvency commencement date of the Corporate Debtor | 31 December 2020 |
| 7 | Date of Invitation of expression of Interest | 16.04.2021 |
| 8 | Eligibility for resolution applicants under section 25(2)(h) of the Code is available at: | The interested parties / prospective resolution applicant shall submit Expression of Interest in accordance with sub regulation 7 of regulation 36A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (“CIRP Regulations”). The eligibility criteria is mentioned in the detailed invitation of Expression of Interest to submit ResolutionPlan pursuant to sub Regulation (3) (a) of Regulation 36A of the CIRP Regulations, which is available at Office – CA Nirav Tarkas, RP – #209, B.N.Chambers, Opp. Welcom Hotel, R.C.Dutt Road, Alkapuri, Vadodara, Gujarat – 390007 The same can also be obtained via email at: steelcocirp@gmail.com |
| 9 | Norms of ineligibility applicable under section 29A is available at | The Resolution Applicant shall be compliant with the eligibility norms as laid down under, but not limited to the norms as laidunder section 29A of the Insolvency and Bankruptcy Code, 2016 and Regulations made there under as are in force subsequently for submission of Resolution Plan and all matters under /pursuant to / related to and / or in furtherance of this invitation. The norms of intelligibility under Section 29A are mentioned in the detailed invitation of Expression of Interest to submitResolution Plan pursuant to sub regulation (3)(a) of Regulation 36A of the CIRP Regulations which is available at #209, B.N.Chambers, Opp. Welcom Hotel, R.C.Dutt Road, Alkapuri, Vadodara, Gujarat – 390007. The same can also be obtained via email at : steelcocirp@gmail.com |
| 10 | Last date of receipt of expression of interest | 01.05.2021 |
| 11 | Date of issue of provisional list of prospective Resolution Applicants | 10.05.2021 |
| 12 | Last date for submission of objections to provisional list | 15.05.2021 |
| 13 | Date of issue of final list of prospective resolution applicants | 25.05.2021 |
| 14 | Date of issue of Information Memorandum, Evaluation and Request for Resolution Plans to prospective Resolution Applicants | 15.05.2021 |
| 15 | Manner of obtaining request for Resolution Plan, Evaluation Matrix, Information Memorandum and further information | The Request for Resolution Plan, Evaluation matrix, Information Memorandum (IM) and format of confidentiality undertaking shall be sent on request addressed to steelcocirp@gmail.com. IM and access to data room will be provided on submission of executed confidentiality undertaking as per section 29(2) of IBC and sub regulation 7(g) of Regulation 36A of CIRP Regulations at the sole discretion of the RP / COC. |
| 16 | Last date of submission of Resolution Plans | 14.06.2021 |
| 17 | Manner of submitting Resolution Plans to Resolution Professional | The Resolution Plan along with all supporting information, documents and various forms / affidavits / authorizations shall be submitted to the Resolution Professional at the following address: CA N.A.Tarkas, RP, #209, B.N.Chambers, Opp. Welcom Hotel, R.C.Dutt Road, Alkapuri, Vadodara, Gujarat – 390007. The Resolution Plan along with all supporting information, documents and various forms / affidavits / authorizations shall also be submitted in an electronic format by enclosing a password protected pen drive. Details will be provided in the request for Resolution Plan |
| 18 | Estimated Date for submission of Resolution Plan to the Adjudicating Authority for approval | 13.07.2021 |
| 19 | Name and registration number of the Resolution Professional | CA N.A.Tarkas, RP IBBI / IPA-002 / IP-N00776 / 2018-19 / 12375 |
| 20 | Name, address and e-mail of the Resolution Professional, as registered with the Board/td> | 1CA Nirav A Tarkas, RP #209, B.N.Chambers, Opp. Welcom Hotel, R.C.Dutt Road, Alkapuri, Vadodara, Gujarat – 390007./td> |
| 21 | LAddress and email to be used for correspondence with the Resolution Professional | 1CA N.A.Tarkas, RP #209, B.N.Chamber, Opp. Welcom Hotel, R.C.Dutt Road, Alkapuri, Vadodara, Gujarat – 390007. |
| 22 | LFurther details are available at or with | 1CA Nirav A Tarkas, RP #209, B.N.Chambers, Opp. Welcom Hotel, R.C.Dutt Road, Alkapuri, Vadodara, Gujarat – 390007/td> |
| 23 | LDate of Publication of Form G | 117.04.2021/td> |
NOTES
1. Resolution Applicants should have Net worth of Rs. 25 Crores & above. ARC’s should have minimum AUM of Rs. 100 Crores as on 31.03.2020
2. A Bid process fee of Rs. 5.00 Lac (Refundable-Interest Free) will be payable by interested bidders to the account of Corporate Debtor as per details hereunder:
| Title | Steelco Gujarat Limited |
|---|---|
| Bank A/c No. | 67357323406 |
| Branch Name & Address | State Bank of India, IFB Branch, Jetalpur Road, Vadodara |
| Type of Account | Current Account |
| IFSC Code | SBIN0001946 |
3. The Company is the business of manufacturing of CR coils / sheets and Galvanized & Prepainted coils / sheet.
4. All EOI received will be reviewed by the RP as well as the CoC and thereafter further information / documents related to the process will be provided to the shortlisted parties. The RP / CoC shall have the discretion to change the criteria for the EOI at any point of time.
5. RP / CoC reserve the right to cancel or modify the process / application without assigning any reason and without any liability whatsoever.
CA Nirav Tarkas, IP
(Resolution Professional)
For Steelco Gujarat Ltd
(Undergoing Corporate Insolvency Resolution Process)
Registration No. IBBI / IP-002 / IP-N00776 / 2018-19 / 12375
Registered Address With IBBI: # 209, B.N.Chambers, Opp. Welcom Hotel, R.C.Dutt Road, Alkapuri, Vadodara – 390 007 Tel. No. [0265] 235 99 88
Registered Email Id With IBBI: natshare@yahoo.co.in
Date: 17.04.2021
Place: Vadodara