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Expression Of Interest

STARLIT POWER SYSTEMS LIMITED (L37200DL2008PLC174911)

STARLIT POWER SYSTEMS LIMITED (Company/Corporate Debtor) was incorporated in the year 2008. The company is listed on Bombay Stock Exchange. The registered office of the Company is situated at A-1/51, LGF, SAFDARJUNG ENCLAVE, NEW DELHI -110029, INDIA. The Authorized Capital of the Company is Rs. 12,00,00,000/- and its Paid-up Capital is Rs. 10,06,48,660/-.The factory premises of the Company is situated at Atta, G 41, Sohna, Gurgaon, Haryana – 122003. At Present, the company has given its Factory/Plant on lease to third party i.e. Future Energy.

STARLIT POWER SYSTEMS Limited is involved in the business of manufacturing of refined lead, lead alloys, and lead acid batteries. Its primary focus areas are recycling, refining, manufacturing, trade, import & export of Lead-based products such as refined lead with minimum 99.98% purity, lead alloys with calcium, antimony, selenium, tin, and lead oxides such as grey oxide and red lead. The status of STARLIT POWER SYSTEMS LIMITED as on date is Active. The company has filed its Annual Returns and/or Financial Statements up to 31-03-2022 i.e. FY 2021-2022 on MCA Portal.

The company is undergoing CIRP in terms of order of Hon’ble NCLT bearing IB-744(ND)/2022, dated 20.03.2023 of NCLT, Bench II, New Delhi, consequent upon filing of an application by a Financial Creditor, under Section 7 of Insolvency & Bankruptcy Code (IBC) 2016. Mr Khushvinder Singhal having IBBI/IPA-002/IP-N00888/2019 -2020/12833 was appointed as an Interim Resolution Professional (IRP) vide NCLT order dated 20.03.2023. Further, Ms. Reshma Mittal, IP Registration No. IBBI/IPA001/IP-P00297/2017-18/10541 has been appointed as Resolution Professional (“RP”) and replaced Mr. Khushvinder Singhal, IRP vide order dated 26.07.2023 passed by Hon’ble NCLT, New Delhi Bench-II to manage affairs of the Company in accordance with the provisions of the Code.

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INCOM CABLES PVT LTD. ( CIN: U74899DL1985PTC021686)

Incom Cables Private Limited is a Private Limited Company incorporated on 06 August 1985 and is registered at Registrar of Companies, Delhi. Registered office of the company is at A-90, 1st Floor, Corner Office Naraina, Industrial Area, Phase-1 , New Delhi 110028. Factory is located at B-14,15,16 UPSIDC Industrial Area, Sikandarabad, Distt- Bulandshahr, UP. Directors of Incom Cables Private Limited are Raghav Sharma, Rupa Rani Sharma and Lakhan Singh

Company was engaged in manufacturing of Electric cables, Conductors & Telecommunication.

Major Customers of the company were State Electricity Board, Railways and Power Grid Corporation.

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INCOM WIRES & CABLES LTD (CIN: U74899DL1992PLC050243)

M/s Incom Wires and Cables Ltd was incorporated in the year 1992 with ROC Union Territory of Delhi. The erstwhile Prop Firm M/s Incom Communication Cables Co. was converted into a company. It was Initially promoted by Late Shri Pramod K. Sharma and Mrs. Rupa Rani Sharma. Shri Pramod K. Sharma resigned as director from the Co. in 2005 and his son Pranav K Sharma and Shri Ravinder K Sharda (professional director), were inducted as Directors. Till the demise of Mr. P. K. Sharma in July, 2010, he had been advisor to the Company. Now the management and operations of the company are under control of his son Sri Pranav K Sharma (the present promoter director).

The company has been mainly supplying wire and cables to Railways, Telecom Sector, Electricity Boards etc. since inception.

Sh Pranav Sharma is the key person managing the entire company. The company were procuring copper Rod & PVC Resin for manufacture of copper wire. Manufacturing process involves cords on extruder, quads, bunching, sheathing, inner sheath, armour and outer sheath. Different kinds of wires are made as per specific orders. The company is currently undergoing a Corporate Insolvency Resolution Process (“CIRP”) that has been initiated by Financial Creditor pursuant to Section 7 as per the provisions of Insolvency and Bankruptcy Code (IBC) 2016 under the order of Hon’ble National Company Law Tribunal (“NCLT), Principal Bench, New Delhi. Insolvency commencement date under the IBC is January 3, 2020. Mr. Rakesh Jindal is appointed as “Interim Resolution Professional” (IRP) by Hon’ble NCLT vide order dt January 3, 2020. The public announcement was made by IRP on January 6, 2020. Mr Rakesh Jindal was appointed as Resolution Professional later on. The company is not operational at present.

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HIM STEEL PVT LTD (CIN, U27205DL2011PTC218461)

M/S HIM STEEL PVT LTD (Previously known as Shree bullion Pvt Ltd) was incorporated in May, 2011 under companies Act with the Registrar of companies, New Delhi having Registered office of the company is situated at D-9, UDYOG NAGAR, ROHTAK ROAD, NEW DELHI as per MCA record. Company was initially incorporated with the object of trading in bullion. But there were no activities in the company since inception. Now the object clause has been changed for manufacturing of rolling and processing of all kinds of steel, ingots, billets and TMT BARS as well as the name of the company is also changed to M/s HIM STEEL PVT. Ltd. The company has purchased a factory in Bilaspur, Himachal Pradesh under auction by Allahabad Bank for M/s SPS STEELS ROLLING MILLS LTD involved in manufacturing of Steel & other related products. The said company is situated at Plot No. Patch 1, Phase – II, Industrial Area, Gwalthai, Distt. Bilaspur, Himachal Pradesh.The mini steel Plant of the company has huge Plant & Machinery along with latest technology having an installed capacity of 180000 MT TMT BARS per annum. The plant is fully automatic with two furnaces and one Rolling Mill. This company has started its production w.e.f. April 2016. The company was also manufacturing wire rod under its Brand Name “Kamakshi” . The company is currently undergoing a Corporate Insolvency Resolution Process (“CIRP”) that has been initiated by Financial Creditor pursuant to Section 7 as per the provisions of Insolvency and Bankruptcy Code (IBC) 2016 under the order of Hon’ble National Company Law Tribunal (“NCLT), Principal Bench, New Delhi. Insolvency commencement date under the IBC is July 15, 2019. Ms. Reshma Mittal is appointed as “Interim Resolution Professional” (IRP) by Hon’ble NCLT vide order dt July 15, 2019. The public announcement was made by IRP on July 18, 2019. The company is not operational at present.

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Pellet-Energy Systems Private Limited

M/s Pellet-Energy Systems Private Limited (Formerly known as Luxury Woodplus Private Limited) was originally incorporated on 4th August 2010 under companies Act with the Registrar of companies, New Delhi. Plant of the company is situated at Khasra no. 373/1, 373/2, 374, 375/1, Gagalheri Road, Village Sikandarpur, Bhiswal, Pragana-Bhagwanpur, Distt Haridwar, Uttrakhand. It is 170 kms from Delhi and 15 kms from Roorkee on Roorkee Gagalheri Road.

Company is in the field of manufacturing of Industrial & Commercial Pellets. Commercial production started in April 2015. Pellets are in great demand nowadays. Ministry of Power has issued a policy that calls for using 5-10 percent of biomass pellets alongside coal for power generation in thermal power plants across the country. National Thermal Power Corporation (NTPC) has already invited tenders for the procurement of 500 tons per day of agricultural, residue-based biomass pellets.

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MONIKA FRESHWAY FOODS PRIVATE LIMITED (CIN: U51220HR2008PTC038481)

Monika Freshway Foods Pvt Ltd is a well-known name in the industry for offering the superior quality Basmati Rice & Non Basmati Rice. The company is situated in the land of Haryana which produces the best quality of paddy basmati of the world. Company was incorporated on 03/11/2008. Company is Manufacturer, Exporter, and Supplier of the premium quality Basmati Rice. Company exports all types of basmati and non-basmati rice in various countries includes CANADA, QATAR, KUWAIT, SAUDI ARABIA, DUBAI, SOUTH AFRICA etc.

Company has the following brands:

1) FRESHWAY 1121 BASMATI RICE

2) ABHI GOLD BASMATI RICE

3) KHATIR 1121 BASMATI RICE

Company has a rice-milling unit, consisting state of the art machineries and advanced technological tools through which it produces high quality rice as per the requirements of customers. Company also have latest machineries which enables to determine optimum combination of fertilizers and manures.

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