TEASER ON

USHA INDIA LIMITED

Presented By:
Chirag Rajendrakumar Shah
Resolution Professional of Usha India Limited
IBBI/IPA-001/IP-P01169/2018-19/11837
Email: cirp.usha@gmail.com
 COMPANY OVERVIEW
 USHA INDIA LIMITED WAS INVOLVED IN BUSINESS TO MANUFACTURE, IMPORT,
EXPORT, BUY, SELL, AND DEAL IN ALL KINDS OF SEMICONDUCTOR AND
RECTIFIERS INCLUDING SELENIUM AND SILICON RECTIFIERS STACKS,
CARTRIDGES AND SILICON DIODES, CAPACITORS.

 USHA INDIA LIMITED IS A PUBLIC LIMITED COMPANY INCORPORATED ON 22ND

OCTOBER, 1996. IT IS CLASSIFIED AS NON - GOVERNMENT COMPANY AND IS
REGISTERED AT REGISTRAR OF COMPANIES, KANPUR AND ITS CORPORATE
IDENTIFICATION NUMBER (CIN) IS U40110UP1996PLC020887.

 THE COMPANY WAS ADMITTED INTO CORPORATE INSOLVENCY RESOLUTION

PROCESS BY NCLT, ALLAHABAD BENCH VIDE ORDER NO. CP (IB) NO.
25/ALD/2023 WITH EFFECT FROM 5TH OCTOBER, 2023.
 DESCRIPTION AS PER MCA PORTAL
CIN U40110UP1996PLC020887

COMPANY NAME USHA INDIA LIMITED

ROC NAME ROC KANPUR

REGISTRATION NUMBER 020887

AUTHORISED CAPITAL(RS) Rs. 1000,00,00,000

PAID UP CAPITAL(RS) Rs. 355,89,53,850

DATE OF INCORPORATION 22nd October, 1996

REGISTERED ADDRESS VILLAGE GUJARTOLA, AMETHI ROAD

GAURIGANJ RAIBAREILLY SULTANPUR
UP 228001 IN
COMPANY STATUS UNDER CIRP
 BRIEF ABOUT CIRP PROCESS
• Initiation of • Constitution • Issue of
CIRP and of Form G by
Appointment Committee RP inviting
of Chirag of Creditors Expression
Shah as IRP by IRP of Interest
05.10.2023 28.10.2023 10.05.2024

08.10.2023 03.11.2023

• Public • Appointment
Announcement of IRP as
in Form A Resolution
inviting Claim Professional
by IRP (RP)
 TIMELINE OF VARIOUS PROCESSES/ EVENTS
AS PER EXTENDED FORM G

10.05.24 30.05.24 04.06.24 06.07.24

25.05.24 01.06.24 06.06.24

Last Date for Date of Last date for

Issue of Last Date Date of Submission Date of Issue of submission
Form G for Receipt Issue of of Objection Issue of IM, EM and of
of EOI PRA List to PRA List FRA RFRP to Resolution
FRA Plan
 PROPERTY DETAILS
KEY FEATURES OF PROPERTY
AT BHIMTAL, UTTARAKHAND
LOCATION: LEASEHOLD LAND ALONGWITH STANDING STRUCTURE BEARING
PLOT NO. A-5, A-6/2, A-7, A-8, A-9, A-10, A-11, A-12, A-13, L1, L2, A3/3 IN THE
UTTARAKHAND STATE INDUSTRIAL AREA (ERSTWHILE UTTAR PRADESH
STATE INDUSTRIAL AREA) SITUATED AT TEHSIL NAINITAL, DISTRICT NAINITAL,
UTTARAKHAND ADMEASURING 75,417.25 SQUARE METERS BOUNDED BY:
ON THE NORTH BY: AKASH RESORT
ON THE SOUTH BY: MAIN ROAD
ON THE EAST BY: GANGOTRI SOLAR SYSTEM PRIVATE LIMITED
ON THE WEST BY: APPROACH ROAD

GOOGLE CO-ORDINATES: 29°21'40.4"N 79°33'02.3"E

PHOTOS OF BHIMTAL PROPERTY
 PROPERTY DETAILS
KEY FEATURES OF PROPERTY
AT FARIDABAD, NEW DELHI

LOCATION: PLOT NO. 94, B-II/ 94, MOHAN CO-OPERATIVE INDUSTRIAL ESTATE,
MATHURA ROAD, BADARPUR, NEW DELHI.

LAND AREA OF PROPERTY: 1773 SQ. YARDS ALONGWITH TOTAL BUILT UP

AREA OF 20000 SQ.FT ON FOUR STOREYS WITH BASEMENT

GOOGLE CO-ORDINATES: 28°29'47.8"N 77°18'01.5"E

PHOTOS OF FARIDABAD PROPERTY
 PROPERTY DETAILS
KEY FEATURES OF PROPERTY
AT MEHSANA, GUJARAT
LOCATION: FREEHOLD NON AGRICULTURAL LAND ADMEASURING 2139.99 SQ.
YDS EQUIVALENT TO 1789.3 SQ.MTRS KNOWN AS PRIVATE PLOT NO. 5
ADMEASURING 1810.07 SQ. YDS EQUIVALENT TO 1513.45 SQ.MTR AND
PRIVATE INTERNAL APPROACH ROAD LAND ADMEASURING 329.92 SQ. YDS
EQUIVALENT TO 275.854 SQ.MTR AT BLOCK NO. 67 MOUJE: KALOL, KALOL
MEHSANA HIGHWAY ROAD, BOUNDED BY:
ON THE NORTH BY: PRIVATE PLOT NO. 4 IN BLOCK NO.67
ON THE SOUTH BY: INTERNAL APPROACH ROAD IN BLOCK NO. 67
ON THE EAST BY: PRIVATE INTERNAL APPROACH ROAD IN BLOCK NO. 67
ADJOINING 69.
ON THE WEST BY: ADJOINING BLOCK NO. 68
GOOGLE CO-ORDINATES: 23°18'12.4"N 72°25'39.2"E
PHOTOS OF MEHSANA PROPERTY
 PROPERTY DETAILS
KEY FEATURES OF FIXED DEPOSIT WITH
DEBT RECOVERY TRIBUNAL

• THERE IS FIXED DEPOSIT RECEIPT LYING WITH DEBT

RECOVERY TRIBUNAL, DELHI AMOUNTING TO APPROX. 19
CRORE.

• SOURCE OF THE SAME IS RELEASE OF THE RESIDUAL

AMOUNT OF THE AUCTION PROCEEDS ALONG WITH
INTEREST ACCRUED FROM DRT-1 DELHI AS PER THE ORDER
PASSED BY THE DELHI HIGH COURT ON 30TH APRIL, 2014.

• THE MATTER IS SUBJUDICE BEFORE DELHI HIGH COURT AND

AWAITING FOR FINAL ORDER.
 DISCLAIMER
 THIS DISCLAIMER FORMS AN INTEGRAL PART OF THE DOCUMENT. THE DOCUMENT MAY
NOT HAVE CONSIDERED ISSUES RELEVANT TO ANY THIRD PARTIES. USE OF THIS
DOCUMENT BY ANY THIRD PARTY FOR WHATEVER PURPOSE SHOULD NOT, AND
DOES NOT, ABSOLVE SUCH THIRD PARTY FROM USING ITS OWN DUE DILIGENCE IN
VERIFYING THE DOCUMENTS CONTENTS. SUCH THIRD PARTIES MAY CHOOSE TO
MAKE USE OF OUR REPORT ENTIRELY AT THEIR OWN RISK AND WE SHALL HAVE NO
RESPONSIBILITY WHATSOEVER IN RELATION TO ANY SUCH USE. WE ACCEPT NO
DUTY OF CARE OR LIABILITY OF ANY KIND WHATSOEVER TO ANY SUCH THIRD
PARTY, AND NO RESPONSIBILITY FOR DAMAGES, IF ANY, SUFFERED BY ANY THIRD
PARTY AS A RESULT OF DECISIONS MADE, OR NOT MADE, OR ACTIONS TAKEN, OR
NOT TAKEN, BASED ON THIS DOCUMENT. TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW AND PROFESSIONAL REGULATIONS. YOU SHALL INDEMNIFY US
AGAINST ALL CLAIMS BY THIRD PARTIES (INCLUDING YOUR AFFILIATES) AND
RESULTING LIABILITIES, LOSSES, DAMAGES, COSTS AND EXPENSES.