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:
MERCATOR PETROLEUM LIMITED
CIN of Corporate Debtor:
U11102MH2007PLC170562
Date of Commencement of CIRP:
31-08-2020
Assets(in Rs) as on the last balance sheet date (write date here):
2653081631.00
31-03-2020
Turnover(in Rs) in the last finacial year (write year here):
35203634
2019-2020
No. of Workmen as on the date of commencement of CIRP:
0
No. of Employees as on the date of Commencement of CIRP:
0
Number of Claimants(Workmen & Employees):
1
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Workmen & Employees):
79800.00
Number of Claimants(Financial Creditor):
3
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Financial Creditor):
4962489230.23
Number of Claimants(Operational Creditor):
47
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Operational Creditor):
315266619.00
Name of IRP:
PINKUSH JAISWAL
Registration No. of IRP:
IP/N00452
Date of demitting office by IRP:
12-04-2022
Name of RP:
PINKUSH JAISWAL
Registration No. of RP:
IP/N00452
Date of Demitting office by RP:
20-04-2022
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
3822600.00
3822600.00
19.29
19.29
Rs. 2,30,000/- per month (excluding taxes), plus out of pocket expenses at actuals, during CIRP was approvedThe irp has not been paid fees for 4 months i.e. from December 21 till March 2022.Total amount pending 1085600/-(includes 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)
124906.00
124906.00
0.63
0.63
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
295000.00
295000.00
1.49
1.49
Protocol Valuers Pvt Ltd
Fee Payable to Valuer 2
295000.00
295000.00
1.49
1.49
DEN VALUATION(JIGAR SHAH )SFA) RK PATEL (P&M)
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
330400.00
330400.00
1.67
1.67
fees paid to acountant,
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)
3305360.00
3305360.00
16.68
16.68
The filing and litigation related expenses are covered in this, Includes co31860st paid to independent senior counsels a
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
31860.00
31860.00
0.16
0.16
Paid for COC e-voting services
Running Process / Other Expenses
*
Expenses on Pubic Announcement
196867.00
196867.00
0.99
0.99
towards FORM A & FORM G publications
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
Water
0.00
0.00
0.00
0.00
Telecommunication Services
0.00
0.00
0.00
0.00
Information Technology Services
347384.00
347384.00
1.75
1.75
paid for data backup and SERVER , VDR of the company
Other Essential Services, if Any
4707693.45
4707693.45
23.76
23.76
towards insurance of oil wells
Running Business / Other Services
*
Other Supplies
50780.00
50780.00
0.26
0.26
paid for site restoration, maitenance and statutory requirements
Employess and Workmen
239400.00
239400.00
1.21
1.21
site supervisor expenses , 39900/- per month
Security Personnel Services
2905045.00
2905045.00
14.66
14.66
Security services for well site and approved by coc .141936/- per month
Other Expenses, If any
3160000.00
3160000.00
15.95
15.95
paid to HSE CONSULTANT and Geophysicist
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
19812295.45
19812295.45
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:
05-04-2022
Date of Demitting officer as RP:
26-08-2022
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
5019750.00
5019750.00
11.04
11.04
Cost of Insurance for RP
0.00
0.00
0.00
0.00
Other Expenses on/ for RP
(Travel, stay, security, etc related to)
144036.00
144036.00
0.32
0.32
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
270000.00
270000.00
0.59
0.59
Fee Payable to Valuer 2
270000.00
270000.00
0.59
0.59
Fee Payable to Valuer 3, if any
0.00
0.00
0.00
0.00
Fee Payable for support services to an IPE, if any
504000.00
504000.00
1.11
1.11
Running Process / Other Professional engaged for CIRP, not for Corporate Debtor
Fee Payable to Accounting and Finance Professionals
530070.00
530070.00
1.17
1.17
Fee Payable to audit professionals
406098.00
406098.00
0.89
0.89
Fee Payable to Legal Professional
3215363.00
3215363.00
7.07
7.07
Fee Payable to any other professionals other Expenses on/ for Professionals
(Travel, stay, other out-of-expenses)
5735000.00
5735000.00
12.61
12.61
Data Room Service
295380.00
295380.00
0.65
0.65
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
39780.00
39780.00
0.09
0.09
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
339980.00
339980.00
0.75
0.75
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
157566.00
157566.00
0.35
0.35
Other Essential Services, if Any
0.00
0.00
0.00
0.00
Running Business / Other Services
Other Supplies
49710.00
49710.00
0.11
0.11
Employess and Workmen
221445.00
221445.00
0.49
0.49
Security Personnel Services
3126849.00
3126849.00
6.88
6.88
Other Expenses, If any
18394396.00
18394396.00
40.45
40.45
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
6753279.00
6753279.00
14.85
14.85
Amount due to prejudicially affected persons
Other Expenses
0.00
0.00
0.00
0.00
Remarks:
THE COST SHEET IS PREPARED ON NET BASIS, 2 ORDER COPY RECEIVED ON 26TH AUGUST 2022 FOR RP REPLACEMENT HENCE RP DEMITTED OFFICE ON SAME DATE
Total Cost
45472702.00
45472702.00
Successful Notification
Error Notification
Are you sure want to delete this record?
Successful Notification
×
Change Password
Old Password
*
Password
*
Password must contain minimum eight characters including one Upper case letter, one Numeric Number and one Special Character.
Confirm Password
*
No Match