View Disclosure
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:
Panyam Cements and Mineral Industries Limited
CIN of Corporate Debtor:
L26940AP1955PLC000546
Date of Commencement of CIRP:
14-05-2020
Assets(in Rs) as on the last balance sheet date (write date here):
2907100000.00
31-03-2019
Turnover(in Rs) in the last finacial year (write year here):
694300000
2018-19
No. of Workmen as on the date of commencement of CIRP:
198
No. of Employees as on the date of Commencement of CIRP:
70
Number of Claimants(Workmen & Employees):
3
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Workmen & Employees):
0.00
Number of Claimants(Financial Creditor):
5
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Financial Creditor):
3759324992.00
Number of Claimants(Operational Creditor):
79
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Operational Creditor):
503764744.00
Name of IRP:
BHRUGESH AMIN
Registration No. of IRP:
IP/N00353
Date of demitting office by IRP:
26-06-2020
Name of RP:
BHRUGESH AMIN
Registration No. of RP:
IP/N00353
Date of Demitting office by RP:
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
145533.00
145533.00
2.14
9.88
Cost of Insurance for IRP
0.00
0.00
0.00
0.00
Other Expenses on/ for IRP
(Travel, stay, security, etc related to)
117873.00
117873.00
1.73
8.00
Running Process / IPE (Registered Valuer)
*
Fee Payable for support services to an IPE, if any
1018733.00
1018733.00
14.99
69.14
Fee Payable to Valuer 1
0.00
0.00
0.00
0.00
Fee Payable to Valuer 2
0.00
0.00
0.00
0.00
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
76700.00
76700.00
1.13
5.21
Fee Payable to any other professionals other Expenses on/ for Professionals
(Travel, stay, other out-of-expenses)
0.00
0.00
0.00
0.00
Running Process / COC Meetings
*
Meeting Venue
0.00
0.00
0.00
0.00
Video Conferencing
0.00
0.00
0.00
0.00
Any other Expenses related to COC
0.00
0.00
0.00
0.00
Running Process / Other Expenses
*
Expenses on Pubic Announcement
114534.00
114534.00
1.69
7.77
Expenses on CIRP Related Filings before adjudicating authority and CIRP related litigation
0.00
0.00
0.00
0.00
Running Business / Essential Services
*
Electricity
800299.00
0.00
11.78
0.00
Please note that the amount was not consider for CoC Approval as the same was included in the Claim Form B filed by electricity board and subsequently the same was revised by Electricity board after the First meeting of Committee of creditor.
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
4520342.00
0.00
66.53
0.00
From Dec 2018 onward there are no operations in company and in consequence to that there are very few employees available at company, RP is in process of verifying the details of existing employees, their attendance & other details to establish the dues
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
0.00
0.00
0.00
0.00
Expenses for Raising Interim Finance
0.00
0.00
0.00
0.00
Interest Payable on Interim Finance
0.00
0.00
0.00
0.00
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
6794014.00
1473373.00
Form III : Detail of Corporate Debtor Undergoing Insolvency Resolution Process
(To be submitted by the
RP
with
Seven Days
of his demitting office as IRP/RP)
Date of Joining as RP:
26-06-2020
Date of Demitting officer as RP:
25-06-2021
Activity/ Expense Head / Expense Sub-Head
Amount of Expense (Rs.)
Amount Retified/ Approved
2
By CoC
% of expense cost/ Total Cost
% of Specific Ratified Cost / Total Ratified Cost
Running Process / RP
Fee Payable to RP
1602517.00
1602517.00
4.75
4.75
Cost of Insurance for RP
708000.00
708000.00
2.10
2.10
Other Expenses on/ for RP
(Travel, stay, security, etc related to)
540604.00
540604.00
1.60
1.60
Fee payable for support services to an IPE, if Any
1217613.00
1217613.00
3.61
3.61
Running Process / Registered Valuer
Fee Payable to Valuer 1
354000.00
354000.00
1.05
1.05
Fee Payable to Valuer 2
383500.00
383500.00
1.14
1.14
Fee Payable to Valuer 3, if any
38350.00
38350.00
0.11
0.11
Fee Payable for support services to an IPE, if any
0.00
0.00
0.00
0.00
Running Process / Other Professional 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
682610.00
682610.00
2.02
2.02
Fee Payable to Legal Professional
4248236.00
4248236.00
12.60
12.60
Fee Payable to any other professionals other Expenses on/ for Professionals
(Travel, stay, other out-of-expenses)
6525400.00
6525400.00
19.36
19.36
Data Room Service
0.00
0.00
0.00
0.00
Running Process / COC Meeting
Meeting Venue
0.00
0.00
0.00
0.00
Video Conferencing
0.00
0.00
0.00
0.00
Electronic Voting
73160.00
73160.00
0.22
0.22
Expenses for or by Authorized
0.00
0.00
0.00
0.00
Any other Expenses related to CoC
0.00
0.00
0.00
0.00
Running Process / Examination of Transactions
Preferential Transactions
0.00
0.00
0.00
0.00
Under/ Over-valued transactions
0.00
0.00
0.00
0.00
Extortionate transactions
0.00
0.00
0.00
0.00
Fraudulent Transactions
0.00
0.00
0.00
0.00
Running Process / Other Expenses
Expenses on CIRP related
202230.00
202230.00
0.60
0.60
Filings before adjudicating
0.00
0.00
0.00
0.00
CIRP Related Litigation
1025022.00
1025022.00
3.04
3.04
Running Business / Essential Services
Electricity
4957530.00
4957530.00
14.71
14.71
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
948366.00
948366.00
2.81
2.81
Running Business / Other Services
Other Supplies
2093938.00
2093938.00
6.21
6.21
Employess and Workmen
1087550.00
1087550.00
3.23
3.23
Security Personnel Services
2384583.00
2384583.00
7.07
7.07
Other Expenses, If any
1379600.00
1379600.00
4.09
4.09
Running Business / Interim Finance
Amount of Interim Finance
0.00
0.00
0.00
0.00
Expenses for raising Interim Finance
0.00
0.00
0.00
0.00
Interest payable on Interim Finance
944227.00
944227.00
2.80
2.80
Other Expenses, If any directly related to
0.00
0.00
0.00
0.00
Other Expenses, if any, directly related to CIRP
Other Expenses
2315502.00
2315502.00
6.87
6.87
Amount due to prejudicially affected persons
Other Expenses
0.00
0.00
0.00
0.00
Remarks:
Total Cost
33712538.00
33712538.00
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