[ad_1]
representative imageAhmedabad, Adani Infrastructure And Developers Pvt Ltd has won the bid for the land asset of Anil Ltd Adani Group 1.45 lakh square meter land of Anil Limited will be acquired for Rs 325 crore.
According to sources, as per the National Company Law Tribunal (NCLT) order, Adani Infra has so far paid Rs 70 crore and the remaining Rs 255 crore will be paid soon.
According to market sources, Adani Infra will launch an ambitious real estate project on this huge land parcel. Bapunagar Ahmedabad area.
Liquidation of Anil Limited started in October 2018 and the process of selling its land is underway. Earlier, Westcoast Infraprojects Pvt Ltd had bid Rs 375 crore for the plot but failed to make the payment and the auction was cancelled. Adani Infrastructure & Developers Pvt Ltd recently emerged as the successful bidder in the new auction with a bid of Rs 325 crore.
RD Chowdhary said, “In its last order, the NCLT asked Adani Infra to pay the remaining Rs 255 crore after it was confirmed from the liquidator that the attachment has been lifted by the state tax department. We expect the transaction to be completed soon.” will be fulfilled.” Liquidators of Anil Ltd.
He said Adani Infrastructure and Developers Pvt Ltd will pay Rs 325 crore through liquidator to the secured creditors and workers as per Section 53 of the Insolvency and Bankruptcy Code (IBC) 2016 and the orders of the Ahmedabad bench of NCLT.
Adani Group spokesperson declined to comment on the development. The plot is at a good location, Anil Starch Road is very famous.
Reliable sources said that Adani Infrastructure and Developers Pvt Ltd will come up with a big real estate project. “It may be developed in phases once the acquisition process is complete,” said a source familiar with the development.
[ad_2]
Source link