Pacl latest counter proposal 2020, property details, customer money

ACNON TAKEN AIID REPORT SUBMTTTED

The just rate RM Lodhd Commrttee (in the matter of
PACL Ltd r rerelnafter referred to as “the Committee”, has on
30,08.2019 submitted to this Hon’ble Court,

Supreme Court Pacl case

a report
detailing therein the action taken by the Committee in
pursuance of the order dated 30.07,2019 passed by this
Hon’ble Court in Civil Appeal No. 1330L12015.

The said report
also stated that the Committee, after receipt of proposals/ and concrete offers and after a proper analysis and
consideration thereof, proposes to place the same by way of a
further report, before this Hon’ble Court.

Pacl latest counter proposal for 2020

The Committee has been over a period of two months, able to
complete the task of receipt and review of offers, holding
meetings with the offerors, to address their concerns and
answer their queries, and the present report seeks to apprise
this Hon’ble Court of the progress of the process, as directed
by the aforesaid order dated 30.07 .20L9.

Pacl counter proposal

2. APPRAISAUANALYSIS OF PROPOSALS:

2.L The Committee in pursuance of the aforesaid order dated
30.07,2019 passed by this Hon’ble Court, issued a revised
the public notice dated 23.08.20L9, inter alia setting out a zone-
wise distribution of properties of PACL Ltd.

and inviting Expression of Interest (Eol) from prospective buyers for the
said properties in one or more zones, aggregating in value not
less than Rs,1000 crore. The Eol was also required to clearly
and cate therein list of properties in each zone, it circle rate,

Pacl refund pearls login

The committee received 17 proposals/ Eols in response to the
Public Notrce dated 23.08,2019, Of these, 5 proposals from
thefo||owingentitiesfaiIedtomeetthee|igibiIitycriteriaof
minimum offer size of Rs. 1000 crore as mentioned in Public
Notice and hence were not pursued further:

Rm Lotha committee proposals

The remaining 12 proposals from the following entities met the eligibility criteria of minimum offer size of Rs. 1000 crore and therefore were considered for further analysis:

i, Assets Reconstruction company (lndia) Limited’
ii. Prudent AMC / Telecare Network lndia Pvt’ Ltd” Delhi’
iii’BrijGopalConstructionCompanyPvt.Ltd,NewDelhI
iv. Meera Cleanfuels Limited, Mumbai
v, Trends lnfra Organization, Bangalore
vi’ Pixie Consulting So|utions Limited , Karnal, Haryana
vii. Next-Gen Advisors, Goa
viii, Riz United lnfratech Pvt’ Ltd, Mumbai
ix. M G Global (Grain Merchants & Commission Agents)’ New Delhi
X’ SLF realty New Delhi 

Pacl Rm Lotha committee letest decision

Peacock Shipprng Private Limited (PSPL) along t^rtth
consoitium partners M/s. Asia Trade Consortium LLP
(ATC) and their Investors
shri Ashok Jain (submitted proposals from 25 entities)’

A copy of the proposals received from the aforesaid entities

were placed oniare available on website of  SEBl www.sebi.gov.in

2.4 In order to analyze the offers further, additional information
with respect to financial details of the entities, expected time
frame for completing the process of sale of properties,
proposed payment terms, etc,, waS called for from the above
entities vide email dated 23.09.2019. These entities were
also requested to provide soft copy of list of properties bid by
them in excel format’

DOWNLOAD THE PDF FILE

Pacl refund pearls login

2.5 In addition to the above, the committee also received a
proposal from Indo-UK Health Institute (“lUlH”) for purchase of
properties worth offer value of Rs 3971J9 crore vide their
letter dated 26.09.2019 received vide email dated
30,09.201g. As the proposal was found to meet the eligibility
criteria of minimum offer size of Rs. 1000 crore, the same was
a lso ta ken into consideration a long with the aforesa id
proposals, Additional information from lUlH with respect to
financial details, expected time frame for completing the

process of sale of p’operties’ proposed payment terms’ etc”

Was called for vide enrails dated 24’09.2019 & 30’09’2019