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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:
Simhapuri Energy Limited
CIN of Corporate Debtor:
U40101TG2005PLC048264
Date of Commencement of CIRP:
26-06-2020
Assets(in Rs) as on the last balance sheet date (write date here):
35803700000.00
31-03-2019
Turnover(in Rs) in the last finacial year (write year here):
431700000
2018-2019
No. of Workmen as on the date of commencement of CIRP:
0
No. of Employees as on the date of Commencement of CIRP:
23
Number of Claimants(Workmen & Employees):
4
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Workmen & Employees):
0.00
Number of Claimants(Financial Creditor):
20
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Financial Creditor):
41989700000.00
Number of Claimants(Operational Creditor):
42
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Operational Creditor):
0.00
Name of IRP:
ANISH NANAVATY
Registration No. of IRP:
IP/N00272
Date of demitting office by IRP:
07-08-2020
Name of RP:
ANISH NANAVATY
Registration No. of RP:
IP/N00272
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
140000.00
140000.00
5.05
5.05
Cost of Insurance for IRP
0.00
0.00
0.00
0.00
Other Expenses on/ for IRP
(Travel, stay, security, etc related to)
0.00
0.00
0.00
0.00
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
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
700000.00
700000.00
25.26
25.26
The filing and litigations related expenses are covered in the fees of the Legal Advisor to the IRP
Fee Payable to any other professionals other Expenses on/ for Professionals
(Travel, stay, other out-of-expenses)
1890000.00
1890000.00
68.20
68.20
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
41460.00
41460.00
1.50
1.50
Cost inclusive of taxes
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
0.00
0.00
0.00
0.00
The expenses of running the business were met out of the cash flows of the corporate debtor, and have not been considered for Form II
Water
0.00
0.00
0.00
0.00
The expenses of running the business were met out of the cash flows of the corporate debtor, and have not been considered for Form II
Telecommunication Services
0.00
0.00
0.00
0.00
The expenses of running the business were met out of the cash flows of the corporate debtor, and have not been considered for Form II
Information Technology Services
0.00
0.00
0.00
0.00
The expenses of running the business were met out of the cash flows of the corporate debtor, and have not been considered for Form II
Other Essential Services, if Any
0.00
0.00
0.00
0.00
The expenses of running the business were met out of the cash flows of the corporate debtor, and have not been considered for Form II
Running Business / Other Services
*
Other Supplies
0.00
0.00
0.00
0.00
The expenses of running the business were met out of the cash flows of the corporate debtor, and have not been considered for Form II
Employess and Workmen
0.00
0.00
0.00
0.00
The expenses of running the business were met out of the cash flows of the corporate debtor, and have not been considered for Form II
Security Personnel Services
0.00
0.00
0.00
0.00
The expenses of running the business were met out of the cash flows of the corporate debtor, and have not been considered for Form II
Other Expenses, If any
0.00
0.00
0.00
0.00
The expenses of running the business were met out of the cash flows of the corporate debtor, and have not been considered for Form II
Running Business / Interim Finance
*
Amount of Interim Finance
0.00
0.00
0.00
0.00
The expenses of running the business were met out of the cash flows of the corporate debtor, and have not been considered for Form II
Expenses for Raising Interim Finance
0.00
0.00
0.00
0.00
The expenses of running the business were met out of the cash flows of the corporate debtor, and have not been considered for Form II
Interest Payable on Interim Finance
0.00
0.00
0.00
0.00
The expenses of running the business were met out of the cash flows of the corporate debtor, and have not been considered for Form II
Other Expenses, If any
0.00
0.00
0.00
0.00
The expenses of running the business were met out of the cash flows of the corporate debtor, and have not been considered for Form II
Other Expenses, if any, directly related to CIRP
*
Other Expenses
0.00
0.00
0.00
0.00
anish.nanavaty.irp@gmail.com
Total Cost
2771460.00
2771460.00
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:
08-08-2020
Date of Demitting officer as RP:
22-10-2021
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
1370000.00
1370000.00
1.34
1.34
Cost of Insurance for RP
0.00
0.00
0.00
0.00
Other Expenses on/ for RP
(Travel, stay, security, etc related to)
52550.00
52550.00
0.05
0.05
Fee payable for support services to an IPE, if Any
2186667.00
2186667.00
2.14
2.14
Running Process / Registered Valuer
Fee Payable to Valuer 1
522500.00
522500.00
0.51
0.51
Fee Payable to Valuer 2
450000.00
450000.00
0.44
0.44
Fee Payable to Valuer 3, if any
452126.00
452126.00
0.44
0.44
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
0.00
0.00
0.00
0.00
Fee Payable to Legal Professional
8802179.00
8802179.00
8.61
8.61
Fee Payable to any other professionals other Expenses on/ for Professionals
(Travel, stay, other out-of-expenses)
13529866.00
13529866.00
13.23
13.23
Data Room Service
137212.00
137212.00
0.13
0.13
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
0.00
0.00
0.00
0.00
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
612693.00
612693.00
0.60
0.60
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
159823.00
159823.00
0.16
0.16
Filings before adjudicating
0.00
0.00
0.00
0.00
CIRP Related Litigation
0.00
0.00
0.00
0.00
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
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 directly related to
0.00
0.00
0.00
0.00
Other Expenses, if any, directly related to CIRP
Other Expenses
73969171.00
73969171.00
72.35
72.35
Amount due to prejudicially affected persons
Other Expenses
0.00
0.00
0.00
0.00
Remarks:
Fee Payable to RP - INR 1.00 lac per month till June 22,2021 and INR 80,000 per month from Jun 23,2021. RP Fees paid till Sep 07,2021 fees Outstanding for the period Sep 08,2021 to Oct 22,2021. Fee Payable for Support Services to an IPE - Deloitte India Insolvency Professionals LLP from Aug 1,2021 to Oct 22,2021 Fee Payable To Legal Professionals - L&L Partners Law Office, Saraf & Partners - 1) L&L Partners Law Office from Jun 26,2020 to Jul 19,2021- a) Legal Advisors to Resolution Professional (including compliance check of maximum 2 Resolution plan)INR 5,00,000 per month b) Compliance check of Resolution plan (above 2 plan) INR 8500 per man hour, c) Litigation Service INR 8500 per man hour 2) Saraf & Partners from Jul 19,2021 to Oct 22,2021- a) Legal Advisors to Resolution Professional (including compliance check of maximum 2 Resolution plan)INR 5,00,000 per month b) Compliance check of Resolution plan (above 2 plan) INR 8500 per man hour, c) Litigation Service INR 8500 per man hour Fee Payable to any other Professionals - 1) DTTILLP- for the period of Jun 26,2020 to Jul 31,2021 INR 1,15,19,355.84- Refer Note 1 2)Mazars Business Advisors Private Limited for 29A compliance INR 6,48,000 3) L & T Sargent & Lundy Limited for Technical Evaluation of Assets INR 11,00,000 It include OPE of L&L partners Law Office INR 49,736 , Saraf & Partners INR 20,000 and DTTILLP INR 92,733 Mazars Business Advisors Private Limited INR 43,100,L & T Sargent & Lundy Limited INR 63,958 Filings before adjudicating and CIRP Related Litigation - Covered under respective Fee Payable To Legal Professionals - L&L Partners Law Office, Saraf & Partners Other Expenses, directly related to CIRP INR 7,39,69,171 is the contribution received from the lenders for running the CIRP Process Under/ Over-valued transactions, Extortionate transactions and Fraudulent Transactions - Expenses incurred under this head covered in Preference Transaction 1. RP has taken advisory services from Deloitte Touché Tohmatsu India LLP for the period Jun 26,2020 to Jul 31,2021 2. RP has taken services from Deloitte India Insolvency Professionals LLP for the period Aug 01,2021 to Oct 22,2021 3. Fees in respect to BDO India LLP includes OPE of INR 18,943 for performing transaction review audit 4. Expenses were met out of cash Balance of the corporate debtor and contribution made by the CoC 5. All expense are the period from the period Aug 08,2020 to Oct 06,2021 6. It may be noted that all the above expenses are exclusive of applicable taxes
Total Cost
102244787.00
102244787.00
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