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Form I : Detail of Corporate Debtor Undergoing Insolvency Resolution Process
(To be submitted by the
IRP/RP
with
Seven Days
of his demitting office as IRP/RP)
Name of Corporate Debtor:
SOLVEN POWER SYSTEMS PRIVATE LIMITED
CIN of Corporate Debtor:
U74999DL2016PTC300081
Date of Commencement of CIRP:
18-02-2020
Assets(in Rs) as on the last balance sheet date (write date here):
52626692.38
18-02-2020
Turnover(in Rs) in the last finacial year (write year here):
23810994.00
2018-19
No. of Workmen as on the date of commencement of CIRP:
46
No. of Employees as on the date of Commencement of CIRP:
16
Number of Claimants(Workmen & Employees):
0
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Workmen & Employees):
0.00
Number of Claimants(Financial Creditor):
3
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Financial Creditor):
47267514.00
Number of Claimants(Operational Creditor):
6
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Operational Creditor):
15432839.00
Name of IRP:
NEERAJ PARMAR
Registration No. of IRP:
IP/N00485
Date of demitting office by IRP:
09-07-2020
Form II : Detail of Corporate Debtor Undergoing Insolvency Resolution Process
(To be submitted by the
IRP
with
Seven Days
of his demitting office as IRP/RP)
Activity/ Expense
Head / Expense Sub-Head
Amount of Expense (Rs.)
Amount Ratified/
Approved
2
By
% Of Specific
Cost/ Total Cost
% of Specific Ratified Cost / Total Ratified Cost
Remarks
Running Process / IRP
*
Fee Payable to IRP
367766.00
324500.00
6.26
5.59
Cost of Insurance for IRP
0.00
0.00
0.00
0.00
Other Expenses on/ for IRP
(Travel, stay, security, etc related to)
2906.00
2906.00
0.05
0.05
Running Process / IPE (Registered Valuer)
*
Fee Payable for support services to an IPE, if any
0.00
0.00
0.00
0.00
Fee Payable to Valuer 1
100000.00
100000.00
1.70
1.72
Fee Payable to Valuer 2
80000.00
75000.00
1.36
1.29
5000 has been increased due to increase in scope of service
Other Expenses on/ for Valuers
(Travel, stay, other out-of-pocket)
0.00
0.00
0.00
0.00
Running Process / Other Professionals engaged for CIRP, not for Corporate Debtor
*
Fee Payable to Accounting and Finance Professionals
0.00
0.00
0.00
0.00
Fee Payable to Audit Professionals
0.00
0.00
0.00
0.00
Fee Payable to Legal Professional
0.00
0.00
0.00
0.00
Fee Payable to any other professionals other Expenses on/ for Professionals
(Travel, stay, other out-of-expenses)
192733.00
171100.00
3.28
2.95
Running Process / COC Meetings
*
Meeting Venue
2832.00
2832.00
0.05
0.05
Video Conferencing
0.00
0.00
0.00
0.00
Any other Expenses related to COC
2170.00
2170.00
0.04
0.04
Running Process / Other Expenses
*
Expenses on Pubic Announcement
32886.00
32886.00
0.56
0.57
Expenses on CIRP Related Filings before adjudicating authority and CIRP related litigation
2000.00
2000.00
0.03
0.03
Running Business / Essential Services
*
Electricity
0.00
0.00
0.00
0.00
Water
0.00
0.00
0.00
0.00
Telecommunication Services
0.00
0.00
0.00
0.00
Information Technology Services
0.00
0.00
0.00
0.00
Other Essential Services, if Any
0.00
0.00
0.00
0.00
Running Business / Other Services
*
Other Supplies
0.00
0.00
0.00
0.00
Employess and Workmen
0.00
0.00
0.00
0.00
Security Personnel Services
0.00
0.00
0.00
0.00
Other Expenses, If any
0.00
0.00
0.00
0.00
Running Business / Interim Finance
*
Amount of Interim Finance
5000000.00
5000000.00
85.07
86.10
Expenses for Raising Interim Finance
0.00
0.00
0.00
0.00
Interest Payable on Interim Finance
94041.00
94041.00
1.60
1.62
Other Expenses, If any
0.00
0.00
0.00
0.00
Other Expenses, if any, directly related to CIRP
*
Other Expenses
0.00
0.00
0.00
0.00
Total Cost
5877334.00
5807435.00
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