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:
Satra Properties ( India) Ltd.
CIN of Corporate Debtor:
L65910MH1983PLC030083
Date of Commencement of CIRP:
03-08-2020
Assets(in Rs) as on the last balance sheet date (write date here):
4201870000.00
31-03-2019
Turnover(in Rs) in the last finacial year (write year here):
362986000
2018-19
No. of Workmen as on the date of commencement of CIRP:
0
No. of Employees as on the date of Commencement of CIRP:
5
Number of Claimants(Workmen & Employees):
30
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Workmen & Employees):
800989.00
Number of Claimants(Financial Creditor):
7
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Financial Creditor):
1524976221.00
Number of Claimants(Operational Creditor):
63
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Operational Creditor):
34286731.00
Name of IRP:
Devarajan Raman
Registration No. of IRP:
IP/N00323
Date of demitting office by IRP:
07-10-2020
Name of RP:
Devarajan Raman
Registration No. of RP:
IP/N00323
Date of Demitting office by RP:
13-10-2020
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
900000.00
900000.00
44.65
44.65
plus GST
Cost of Insurance for IRP
0.00
0.00
0.00
0.00
Other Expenses on/ for IRP
(Travel, stay, security, etc related to)
6000.00
6000.00
0.30
0.30
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
60000.00
60000.00
2.98
2.98
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
49442.00
49442.00
2.45
2.45
Expenses on CIRP Related Filings before adjudicating authority and CIRP related litigation
275.00
275.00
0.01
0.01
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
1000000.00
1000000.00
49.61
49.61
This is the total expenses estimated under all heads for running business. Details are not available as Reg office of the CD is not functional as there are no accounting and secretarial employees as on date. The break up will be worked out shortly.
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
devarajan.raman@gmail.com
Total Cost
2015717.00
2015717.00
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:
03-10-2020
Date of Demitting officer as RP:
22-09-2022
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
11308333.00
11308333.00
39.81
47.24
Cost of Insurance for RP
25000.00
25000.00
0.09
0.10
Other Expenses on/ for RP
(Travel, stay, security, etc related to)
156291.00
156291.00
0.55
0.65
Fee payable for support services to an IPE, if Any
0.00
0.00
0.00
0.00
Running Process / Registered Valuer
Fee Payable to Valuer 1
383500.00
383500.00
1.35
1.60
Fee Payable to Valuer 2
428000.00
428000.00
1.51
1.79
Fee Payable to Valuer 3, if any
88500.00
88500.00
0.31
0.37
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
479660.00
479660.00
1.69
2.00
Fee Payable to audit professionals
731600.00
731600.00
2.58
3.06
Fee Payable to Legal Professional
1724870.00
1724870.00
6.07
7.21
Fee Payable to any other professionals other Expenses on/ for Professionals
(Travel, stay, other out-of-expenses)
324800.00
324800.00
1.14
1.36
Data Room Service
56640.00
56640.00
0.20
0.24
Running Process / COC Meeting
Meeting Venue
0.00
0.00
0.00
0.00
Video Conferencing
86140.00
86140.00
0.30
0.36
Electronic Voting
94400.00
94400.00
0.33
0.39
Expenses for or by Authorized
0.00
0.00
0.00
0.00
Any other Expenses related to CoC
4522072.00
753795.00
15.92
3.15
Running Process / Examination of Transactions
Preferential Transactions
1427726.00
1427726.00
5.03
5.96
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
2437.00
2437.00
0.01
0.01
Filings before adjudicating
26888.00
26888.00
0.09
0.11
CIRP Related Litigation
0.00
0.00
0.00
0.00
Running Business / Essential Services
Electricity
1483523.00
783426.00
5.22
3.27
Water
0.00
0.00
0.00
0.00
Telecommunication Services
31298.00
31298.00
0.11
0.13
Information Technology Services
0.00
0.00
0.00
0.00
Other Essential Services, if Any
426550.00
426550.00
1.50
1.78
Running Business / Other Services
Other Supplies
1203098.00
1203098.00
4.24
5.03
Employess and Workmen
1582474.00
1582474.00
5.57
6.61
Security Personnel Services
1720180.00
1720180.00
6.06
7.19
Other Expenses, If any
93334.00
93334.00
0.33
0.39
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
0.00
0.00
0.00
0.00
Amount due to prejudicially affected persons
Other Expenses
0.00
0.00
0.00
0.00
Remarks:
Total Cost
28407314.00
23938940.00
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