Sale Notice in the matter of M/s Aravali InfraPower Ltd.

/W;, $-C- 13 8 IN THE HIGH COURT OF DELHI AT NEW DELHI + CO.PET. 698/2015 SBI CAPITAL MARKETS LIMITED .Petitioner . . . .

Through: versus LIMITED ARAVALI INFRAPOWER .....Respondent

Through: Mr. Sumit K. Batra, Standing Counsel for OL.

CORAM:

HON'BLE MR. JUSTICE ANISH DAYAL

ORDER o/b 20.07.2026 CO.APPL. 405/2026

1. This application has been filed on behalf of Official Liquidator (' OZ ) to carry out sale proceedings in relation to agricultural land of the Company (in liquidation) located at Village Rohad, Tehsil Bahadurgarh, District Jhajjar, Haryana (hereinafter, ' subject land).

2. In view of the facts and circumstances stated in the application, the application is allowed.

3. Accordingly, permission is granted to OL to publish sale notice with respect to the subject land in local newspaper i. e. Hindustan Times (English), Delhi NCR Edition and Dainik Jagran (Hindi), Delhi NCR Edition. The expenses of publication will be incurred by the OL from the funds available in the account of Company (in liquidation) .

4. The auction will be carried out through the empaneled agencies.gmqg

5. Application stands disposed of.

CO.PET. 698/2015

1. List on 31 st August 2026, date already fixed.

2. Order be uploaded on the website of this Court.

ANISH DAYAL, J JULY 20, 2026/ak/sp\\ NEW DELHI/METRO IS 11 & @iEltS IN THE HIGH COURT OF DELHI AT NEW DELHI (ORIGINAL COMPANY JURISDICTION) India IN THE MATER OF COMPANIES ACT, 1956 AND M/S ARAVALI INFRAPOWER LIMITED IN c.p. 698/201 q E-AUCTION $AL6 N&TICE Tenders/bids are. invited for E.auction of the following assets and properties of the MEB Company (in Liqn) on “As is Where is and Whatever there is basis- from the prospective buyers. The doHiIs of Reserve Price and EMD are as under: m n 11.12.2026 > t Reserve PrIce En Rs MIn I Rs.

r mo END. 65: MIn. Khatonl No. lh;d,TehsH n 29.10.2026 Klla No. 24/9/2 (3.16) lO/2 12mln fCb1 DIstt. J

1.55 PM) at itt’Bahadurga-rh, :4501 Dlstt. Jhajjar, Hi IA the lpertios will be heldmm026 & -13.11.2026 QJC irl pag 1.00 A.M to 4.00 n NBEMS Website

2. The e.auction will be conducted by MSTC Limited, E-auction agency through the wnHld iii websIte and +w,lns!£lndia,£nIn on 20.11.2029 betwoen'11.00 A.M to 4.00 RM with auto tiMe extonsion of 10 minutes each time if I g==## the bid is made in the last IQ minutes before the dose of '@auction.

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3. The bidders/tenderers should submit their online offer through the website Fll14.1 wwwlm$tGlndl8gQQlln.

4. Thb tender8rs should collect the detail information, terms and Qondition through FhgThM the website www,m$tGeQQmmene,QQm and www,m9tGlndla,GO,in and maY v,I also take help from tho below contacts:- Sh. Pushkar Hajela, Mob. 8277567732 & 961 197601 1

5. The EMD amount (interest free) should be deposited through the modes available 'Pn • on the portal. The last date of requost and participation in eAuction and online I submission of EMD is 17.11.2026 at 5.00 RM.

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6. This sale is subject to confirmation by the Hon’bIo High Court of Delhi.

Slit: :: 1 DATE: 02.1 1 n2026 (MONIKA GUPTA)

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WIn:${,TiNt BC'071 04/11/0005/2627 e-Ici< -- in J s},i eTc! MIn!Ib • = BIMdlwlaF–– .If iIcan 11 0029 f+n. 2003'dt era 15 db b_ - \ nbIN THE HIGH COURT OF DELHI AT NEW DELHI (ORIGHVAL COMPANY JURISDICTION) IN THE MATTER OF COMPANIES ACT,1956 AND M/S ARAVALI INFRAPOWER LIMITED IN C.P. 698/2015 E-AUCTION SALE NOTICE Tenders/bids are invited for E-auction of the following assets and properties of the Company (in Liqn) on “As is Where is and Whatever there is basis” from the prospective buyers. The details of Reserve Price and EMD are as under:

Location Reserve EMD 10% of the Lot I Description of the No. 1 P roperty Price Reserve Price (in Rs.) (in Rs.) 1 Agricultural land at Village 7 Khewat No.652/502 Rohad, Min, Khatoni Tehsil No.703,Kila Bahadurga No.24/9/2(3-16)10/2(3- rh, Distt.

14),12min(0-10),Village Jhajjar, Rohad, Tehsil Haryana- Bahadurgarh, 124501 Distt.Jhajjar,Haryana- 124501 admeasuring 8Kanal or 1 Acre1. Inspection of the above assets/ properties will be held on 12/11/2026 & - 13/11/2026 between 11 :00 A.M to 4.00 P.M.

2. The e-auction will be conducted by MSTC Limited, E-auction agency through M website www .mstcecommerce.com and www.mstcindia.co.in. . on 20/11/2026 between 11:00 A.M to 4:00 p.M with auto time extension of 10 minutes each time if the bid is made in the last 10 minutes before the close of e-auction.

3 . The bidders/tenderers should submit their online offer through the website www.mstcecommerce.com and www.mstcindia.co.in. .

4. The tenderers should collect the detail information, terms and condition through the website www.mstcecommerce.com and www.mstcindia.co.in

and may also take help from the below contacts:-Sh.Pushkar Hajela,Mob.8277567732 &9611976011 .

5 . The EMD amount (interest free) should be deposited through the modes available on the portal. The last date of request and participation in eAuction and online submission of EMD is 17/1 1/2026 at 5:00 P.M.

6. This sale is subject to confirmation by the Hon’ble High Court of Delhi. \vM~W

DATE: .LjlIJ2026 (MONIKA GUPTA )

PLACE: NEW DELHI OFFICIAL LIQUIDATOR HIGH COURT OF DELHITERMS & CONDITIONS OF SALE ON ' AS IS WHERE IS WKATEVER THERE IS BASIS' IN THE MATTER OF ARAVALI INFRAPOWER LTD. (IN LIQN.) COMPANY PETITION NO. 698/2015

Preliminary: The Hon'ble High Court of Delhi has permitted vide order dated .2026 the Official Liquidator to sell the 1 Scheduled property by inviting competitive bids through e- Auction to be conducted by selling agent namely MSTC Limited, on website: www .mstcecommerce.com and www.mstcindia.co.in 2 Definitions and Abbreviations:

Unless the context otherwise requires under the “Terms and Conditions of the e-auction Sale” the following words wherever

they appear means : c r Notice/Schedule- 1 . ( person being an Individual or Proprietor or Partnership firm or LLP or Company and who is paying the Earnest Money Deposit (“EMD”) and getting registered with E NIVIDA.

Bidder(s)/Purchaser(s) while being used interchangeably, shall be deemed to mean and include his/her/ their/its legal heirs, legal representatives, successors in interest and permitted assignee, as the case may be.

s /or “Pre-Bid EMD” to be paid as described in the e- Auction catalogue to qualify for participation in e-auction. r the “Hon'ble High Court of Delhi”. r er/ Selling Agent”. r e published in the News Papers and shall also include other information i.e., “Terms and Conditions of Sale” governing the e- auction sale, Know Your Customers (KYC) documents, required particulars for Online Registration of Bidders, and

all other information and document hosted on webpage:www.mstcecommerce.com and www.mstcindia.co.in for guidance of the Bidders. e hed to the :on’ble High Court of Delhi.

1 person” interested in submitting quotations/offers.

3 Inspection of Property Prospective Bidders may carry out inspection of the schedulel property on the scheduled dates and time only as given in the Sal1 Notice.

4 Buyer beware s n “as is where is whatever there is basis”. Bidders are advised to ascertain on their own, all information about the nature of right and title, survey/Municipal/Corporation/industrial flat Nos. and respective maps, extent/area of Land, boundaries, statutory sanctions or approval and all other dues statutory/other’ ’ with respect to immovable property prior to submission of bid in the e-Auction. No dispute in this regard will be entertained by the Seller/Selling Agent after submission of bids. The Bidder will not raise any dispute regarding the terms and conditions of the e-auction or about the particulars of the scheduled property or contest the same once he has been declared as the successful Bidder.

r en submitted after complete satisfaction of the title, status, condition, quantity and quality etc., of the scheduled property.

Conditional offers/bids shall not be accepted. Amendment to the offers/bids shall not be permitted after the closure of e-auction. The rule of caveat emptor is applicable.

5 Earnest Money Deposit (EMD)/Pre-Bid EMD5.1 The pre-bid amount/Earnest Money Deposit (EMD) needs to be paid by the participating buyers through E NIVIDA's e-commerce portal through Pay Pre-Bid EMD LINK

provided in the buyer login page only, provided in the buyer account, within Office hour, at least one day before the date of e-auction and no other payment mode will be entertained.

The buyer should check the EMD Ledger link after making the payment and the same amount should be reflected in this link. The unsuccessful buyers can raise their refund request in EMD Refund Request link. Only the registered customers who will submit the pre bid EMD within the aforesaid period will be able to participate against the above mentioned lot/s in this e-auction. The Pre-Bid EMD of the successful bidders will be adjusted towards the Post- Bid Payment. The entire Pre-Bid EMD of the successful bidders will be forfeited automatically if the highest bidder fails to pay the required Post-Bid Payment for the lot awarded to them. The Pre-Bid EMD of the unsuccessful parties will be refunded. No interest is payable by E NIVIDA/SELLER on the Pre-Bid EMD/EMD r 4D would not be eligible to participate in e-Auction.

6 Submission of Offers

6.1 The person(s) interested in submitting quotations/offers

shall submit the offers online through website: www.mstcecommerce.com and www.mstcindia.co.in The offer/bid submitted in other mode shall not be entertained.

6.2 Bidders are required to complete the registration formalities with E NIVIDA before payment of the interest free EMD/pre-bid amount on or before one day prior to scheduled date and time as prescribed in Schedule 2.

6.3 The prospective bidders should comply with KYC norms.

All financial transaction towards e-auction sale of scheduled property must be made only through the bank account (registered with e-Nivida) in respect of which thecancelled cheque has been given by the authorized and identified Bidder.

e-Auction 7

7.1 e-Auction Result/Status: Status of bids must be personally seen by the Bidders online through the link Auction Lot " Status" immediately after closing of e- Auction. Highest Bid is subject to approval of Hon’ble High Court and securing the status of highest bidder confers no right so as to demand the automatic confirmation of sale in favour of highest bidder.

7.2 Email Address of Bidders must always be kept valid, failing which Bidders will be liable for non-compliance of payment or any other instruction required to be issued by e Nivida to them via email

7.3 The Sale will be governed by the Material List i.e. guidelines for online registration of intending bidders and all other information/documents hosted on webpage for guidance of intending bidders and pertaining to the e- auction sale & “Terms & Conditions” (hereafter referred as TC for brevity) displayed on the "Live e-Auction Floor". The Material List & TC displayed under "View Forthcoming Auctions" on e Nivida e-Auction Website are tentative and subject to change at Seller’s/ e Nivida s sole discretion before the start of e-Auction. Bidders should therefore download the Material List and TC displayed only under "View Live Auctions" for their record purpose, if required. Participation in the e- Auction will be deemed to imply that the Bidders have made themselves thoroughly aware of and accepted the TC, and Material List. Seller/e Nivida shall have the right to issue addendum to the TC or Material List to clarify, amend, modi 6', supplement or delete any of the conditions, clauses or items stated therein and the Addendum so issued shall form a part of the original TC. In this regard, the prospectivebidders are advised to keep a close watch on the e Nivida website to take notice of such addendum/s if any.

) is will be shown under "Lot Name’' on the Auction Floor" where Bidders '1 are required to bid. The detailed "Lot Description" can be seen by the Bidders by clicking on the "Lot Name" and it shall be the responsibility of the Bidders to see the "Lot Description" before bidding and no representation/ complaint from the Bidders in this regard will be entertained by e Nivida/Seller.

v my see the result of e- Auction by seeing and downloading the Auction Lot Status" from the Website immediately after " Closure of e-Auction which will be displayed up to 6(Six) days from the date of Closure of e-Auction (excluding the date of closure of e-Auction). A system generated automatic Sale Intimation Letter will be issued by e-mail to the Highest Bidder once the highest bid or any other bid is accepted by the Hon’ble High Court. Bidders must therefore keep a watch on their User ID.

I d consequences arising out of the bid submitted by him (including any wrongful bidding by him) and no complaint/representation will be entertained by SELLER/e Nivida in this regard. Bidders must be careful to check the Bid Amount/No. of '0’/No. of Digits, etc., and if required, rectify their bid before submitting the Bid into the live e- Auction floor by clicking the 'Bid’ Button. In case of any bid being equal to or more than 5 (five) times the current Highest Bid for the Lot, this will be displayed by way of a WARNING MESSAGE on the Bidder’s screen before he confirms/submits the bid. There is no provision for putting Bids in decimals.

8 Acceptance of the highest (H-1) bid8.1 1A cceptance of the highest (H-1) bid is subject to approval/ confirmation by the Hon’ble High Court and securing the status of highest Bidder, confers no right, so as to demand the automatic confirmation of sale in his / her favour I port along with the e-auction result before the Hon’ble High Court soon after conclusion of e-auction for approval of sale in favour of highest Bidder. The Hon’t)le Court may approve the highest bid considering the adequacy of price in light of the valuation report, and other relevant facts as may be deemed fit and proper by the Court. The sale shall stand confirmed only after payment of the entire bid amount as approved by the Court and Goods and Service Tax (GST) as may be applicable over and above the bid amount. Upon approval of highest bid, the highest Bidder will be informed about the same by e-Nivida via online system.

r a Court, e- Nivida will transfer the amount of EMD to the account of the Official Liquidator, Delhi by a demand draft/pay order in favour of “Official Liquidator, Delhi” payable at New Delhi forthwith.

t )L Delhi by the successful bidder within 7 days from the date of acceptance of Hl bid failing which the Pre-Bid EMD/EMD shall be forfeited. The buyer may adjust the Pre-Bid EMD/EMD with the Security deposit (SD).

payment will have to be paid by the successful Bidder to the Official Liquidator, Delhi within 60 days of acceptance of Hl bid.

1 filed to assign their right to buy the scheduled property to any third party or nominate any third party, once they are declared to be the successful Bidder. In other words, the Sale will be made only to the successfbl Bidder and not to any third party.

9 Forfeiture of EMD, etc.9. 1 1T he Seller reserves the right to forfeit any amoun17money lying with E NIVIDA/Seller from the successful Bidder who defaults in making the due payments against the e_ Auction even though such amount/money may be lying with Seller/e Nivida and payable to the said Bidder against any other contract/transaction.

c hal bid amount along with GST as may be applicable, within the time prescribed in Schedule No. 2, failing which the EMD amount remitted will stand forfeited and will be credited to the Account of the Official Liquidator, Delhi by e Nivida 10 Delivery of Possession & Confirmation of Sale s land) shall be handed over to the successful purchaser/Bidder vide “Possession Memo” upon payment of full and final sale consideration e sha 11 remain in every respect at the entire risk of the BUYER from the date of issue of "Possession Memo" by the SELLER.

10.3 ! Delivery of the scheduled assets (Agricultural land) as covered in this e-auction will be made on " As is Where is Whatever There is” basis 11 GST, etc. t T as may be applicable, over and above the approved bid amount.

12 General 12 The sale will be subject to further modification/alteration of . 1 terms and conditions of sale as the Hon’ble High Court may deem fit and proper.

12 The Hon’ble High Court reserves the right to withdraw the sale .2 and decline to accept any offer including the highest offer without assigning any reason thereof. The sale will be confirmed by the Hon’ble High Court only after the entire sale consideration has been deposited by the successful bidders.

12 No court other than the Hon’ble High Court of Delhi will have 3 the jurisdiction to deal with any matter arising out of the sale lroceedings.The instant Sale Notice shall stand as public notice and notice to secured creditor/s, petitioner/s, contributories and any other stakeholder in the company. Any kind of objection with respect to subject matter of sale must be brought to the notice of the Hon’ble Court before acceptance of bid No objection of any kind shall be entertained thereafler All contracts/transactions entered into by the buyer/Bidder arising out of this e-auction shall be governed by the veracIty pact available on website www .mstc;ecommerce.com and www .mstcindia.co.in r ltura1 land) have been stated to the best of the knowledge from the available records. The Seller/E NIVIDA, however, shall not be responsible for any error, misstatement or omission in the said particulars. The Bidders are, therefore, requested to verify the same, in their own individual interests before submitting the Bids SCHEDULE NO.-2 Events of e-Auction:- mv No ) arTdiTeTore-i mO S Bidder’s Online request.

R§}RaiaT-oTtFfga® As per Sale Notice/Schedule-1. pro-perties €:HrTEMD W>fc-nT&aitTgafeIEnE mc V-TEp–did t@6WaHTaj®Wr iq3eTeT)afi(e with the OL Delhi by the suc*cessfu bidder within 7 d@y§ !rw.n the. date .o:

acceDtance of Hl bid failing which th Pre-Bid EMD/EMD shall Se forfeite by the Seljgr. ThktLuyLr may .adjys tHe Pre-Bid EMD/EMD With "th Security deposit (SD C@>rTrWrU7St&WidE He rve–Piicj–g-fveiitrTiB Notice/Schedule-1 .

r roBiFitwasrdIiiBaznadi]biB EMD and all other avrnents.

Rs aNa–iaafatrF®–oiaawiFwiT®e Delhi for-se-curity deposit favour of “official Liquidator, Delhi” & Bid amount. payable at New Delhi.'Last date and time for hdWMoTdHi6ana6iR.ate. online payment of EMD ) tWa Scheduled Date& time 20/11/2026. 12 0/lr/2026.

of opening and closing of at 11:00 AM I at 4:00 PM e-Auction for each Lot FrfrinumTrar relRigR–ema 11 Intimation to securing a e- Auction on website by service the position of the H- 1 provider i.e. MSTC LTD.

Bidder (hjghest bidder' 12 Online Xubmo Successful/ HI bidder has to pay Rs. 30000/- per item/auction + Processing Fee Applicable GST, through the e- Payment Gateway/ DDs r 60 days from the date of receipt of Bid amount by successful communication regarding approval of Bidder H- 1 Bid by Hon’ble High Court.

ifiiilr –6fFMF)–T Intimated later aBer auction unsuccessful Bidders ompletion 15 Delivery of possession Upon payment of full and final of the property . sale consideration.

16 Execution of sale Upon payment of full and final sale consideration and confirmation of deed/deed of assignment sale by the Hon’ble Hjgh Court

OinmT:RnrdaM?:IRTIE:–: :ontact person in the loffice of Official ,iquidator for inspection If scheduled propel Contact Person in the e 8277567732 & 9611976011 office of e-Nivida for any query regarding online registration or for bidding etc.