Ushdev International Liquidation E-Auction of ₹229 Cr Assets

E-Auction Platform: BAANKNET (Bank Asset Auction Network) portal (https://ibbi.baanknet.com/eauction-ibbi/home)
Sale Basis: "AS IS WHERE IS", "AS IS WHAT IS", "WHATEVER THERE IS", "WITHOUT RECOURSE BASIS", and "WITHOUT ANY WARRANTIES"
Last Date for EOI Submission: Tuesday, 04.08.2026 by 6:00 P.M.
Site Inspection Period: Tuesday, 21.07.2026 to Tuesday, 04.08.2026 (with one day prior notice to the liquidator)
Last Date for EMD Submission: Tuesday, 04.08.2026
E-Auction Date & Time: Thursday, 06.08.2026, 11:00 A.M to 01:00 P.M. with unlimited extension of "5 minutes" for each bid made within last 5 minutes

A. COMMERCIAL PROPERTIES

A.1: Office premise at New Harileela House-4th Floor, A.I Mint Road, Near CSMT Railway Station, Fort, Mumbai 400001 (Asset ID-4202) - Reserve Price: ₹3,80,70,561 | EMD: ₹38,07,056 | Increment: ₹5,00,000
A.2: Office premise at New Harileela House-6th Floor, A.2 Mint Road, Near CSMT Railway Station, Fort, Mumbai 400001 (Asset ID-4203) - Reserve Price: ₹3,86,30,911 | EMD: ₹38,63,091 | Increment: ₹5,00,000
A.3: Unit no. 101-106 on 1st Floor in Multi con Square, Erandwane, Mouje Mandai Haveli, Dist-Pune, Maharashtra, Pin-411004 (Asset ID-4204) - Reserve Price: ₹4,35,54,434 | EMD: ₹43,55,443 | Increment: ₹5,00,000
A.4: Unit no. 201-206 on 2nd Floor in Multi con Square, Erandwane, Mouje Mandai Haveli, Dist-Pune, Maharashtra, Pin-411004 (Asset ID-4205) - Reserve Price: ₹4,35,54,434 | EMD: ₹43,55,443 | Increment: ₹5,00,000
A.5: Commercial plot no. 1834, Road No. 24, Sector No. KWC, Village-Kalamboli, Tal. Panvel District Raigad, Maharashtra, Pin-410218 (on lease till year 2099) (Asset ID-4206) - Reserve Price: ₹6,05,61,000 | EMD: ₹60,56,100 | Increment: ₹5,00,000
A.6: Freehold Commercial plot at Plot no. 39, Hissa 1-4, Village No. Khalapur, Near Mumbai Pune Expressway, Dist Raigad, Maharashtra, Pin-410202 (Asset ID-4207) - Reserve Price: ₹10,73,49,268 | EMD: ₹1,07,34,926 | Increment: ₹5,00,000

B. WINDMILL AND LAND

2 WTG of 0.8 mw each with Land at Chinnaputhur Village, Dharapuram Taluk, Erode District, Tamil Nadu (Asset ID-4208) - Reserve Price: ₹3,81,00,137 | EMD: ₹38,10,014 | Increment: ₹5,00,000

C. WINDMILL

C.1: 2 WTG of 0.8 mw each in Gondikere Village, EP2, Chitradurga District, Karnataka (On Sub Lease Forest land) (Asset ID-4209) - Reserve Price: ₹1,33,77,466 | EMD: ₹13,37,747 | Increment: ₹5,00,000
C.2: 3 WTG of 0.8 mw each in Village Bhoo, Tehsil Fatehgarh, Jaisalmer, Rajasthan (On Sub Lease Revenue land) (Asset ID-4210) - Reserve Price: ₹1,97,92,747 | EMD: ₹19,79,275 | Increment: ₹5,00,000
C.3: 4 WTGs of 0.8 mw each in Location L1, L2, L3 and L4, Samana Village, Methan, Taluka Jamjodhpur, Jamnagar District, Gujarat 360520 (On Sub Lease Revenue land) (Asset ID-4211) - Reserve Price: ₹3,29,67,469 | EMD: ₹32,96,747 | Increment: ₹5,00,000
C.4: 2 WTGs of 0.8 mw each at location No. 69 & 70, S. NO. 182/1, Satapar Village Hadmatiya, Taluka Kalyanpur, Dist: Jamnagar 361320, Gujarat (On Sub Lease Revenue land) (Asset ID-4212) - Reserve Price: ₹1,52,98,992 | EMD: ₹15,29,899 | Increment: ₹5,00,000

D. EQUITY SHARES AND ADVANCES RECEIVABLES

D.1: Equity shares of Uttam Galva Ferrous Ltd. (Asset ID-4213) - Reserve Price: ₹97,04,19,878 | EMD: ₹9,70,41,988 | Increment: ₹5,00,000
D.2: Equity shares of The Shamrao Vithal Co Op Bank Ltd (Asset ID-4214) - Reserve Price: ₹45,30,250 | EMD: ₹4,53,025 | Increment: ₹1,00,000
D.3: Collective Sale of Equity Shares and Advance Receivables including: 1. Equity shares of Jankalyan Sahkari Bank Ltd, The Greater Bombay Co-Op Bank Ltd, The Kalyan Janta Sahkari Bank Ltd, Vijay Devraj Gupta Foundation; 2. Advance receivable from Wind World India Ltd (Operational Creditors Claim) (in CIRP) (Asset ID-4215) - Reserve Price: ₹6,42,82,500 | EMD: ₹64,28,250 | Increment: ₹5,00,000

Total Reserve Price: ₹229,07,39,998 (₹229.07 crore)

Bidders must undertake independent due diligence and inspect assets during the specified period
Registration required on BAANKNET platform (https://ibbi.baanknet.com/eauction-ibbi/home)
Eligibility under Section 29A of IBC required; ineligible bidders will have EMD forfeited
EMD payment must be made through BAANKNET portal by adding funds to e-Wallet
Reserve price excludes GST, taxes, stamp duty, registration charges, and other applicable charges
Liquidator retains right to accept/reject any or all bids, adjourn, postpone, modify, cancel e-Auction, or withdraw any assets without assigning reason

Name: Trupalkumar J Patel, Liquidator of Ushdev International Limited

IBBI Reg No.: IBBI/IPA-001/IP-P01186/2018-2019/11907

AFA Valid Until: 31st December, 2026

Date: 20-07-2026

Place: AHMEDABAD