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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:
PRADIP OVERSEAS LIMITED
CIN of Corporate Debtor:
L17290GJ2005PLC046345
Date of Commencement of CIRP:
09-11-2020
Assets(in Rs) as on the last balance sheet date (write date here):
6065598000.00
31-03-2020
Turnover(in Rs) in the last finacial year (write year here):
380807000
2019-20
No. of Workmen as on the date of commencement of CIRP:
0
No. of Employees as on the date of Commencement of CIRP:
61
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):
4
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Financial Creditor):
26492503885.15
Number of Claimants(Operational Creditor):
2
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Operational Creditor):
131663200.70
Name of IRP:
RAVI KAPOOR
Registration No. of IRP:
IP/N00121
Date of demitting office by IRP:
16-12-2020
Name of RP:
RAVI KAPOOR
Registration No. of RP:
IP/N00121
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
295000.00
295000.00
1.88
1.88
Cost of Insurance for IRP
0.00
0.00
0.00
0.00
Other Expenses on/ for IRP
(Travel, stay, security, etc related to)
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
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)
35400.00
35400.00
0.23
0.23
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
4720.00
4720.00
0.03
0.03
Running Process / Other Expenses
*
Expenses on Pubic Announcement
15162.00
15162.00
0.10
0.10
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
5433175.96
5433175.96
34.71
34.71
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
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
2101373.00
2101373.00
13.42
13.42
Security Personnel Services
249591.00
249591.00
1.59
1.59
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
7518843.20
7518843.20
48.03
48.03
Other Expense includes operation cost
Total Cost
15653265.16
15653265.16
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:
16-12-2020
Date of Demitting officer as RP:
14-10-2021
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
4602000.00
4602000.00
1.35
1.35
Cost of Insurance for RP
0.00
0.00
0.00
0.00
Other Expenses on/ for RP
(Travel, stay, security, etc related to)
2973.00
2973.00
0.00
0.00
Fee payable for support services to an IPE, if Any
2684500.00
2684500.00
0.79
0.79
Running Process / Registered Valuer
Fee Payable to Valuer 1
160360.00
160360.00
0.05
0.05
Fee Payable to Valuer 2
87200.00
87200.00
0.03
0.03
Fee Payable to Valuer 3, if any
94400.00
94400.00
0.03
0.03
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
200000.00
200000.00
0.06
0.06
Fee Payable to audit professionals
236000.00
236000.00
0.07
0.07
Fee Payable to Legal Professional
136000.00
136000.00
0.04
0.04
Fee Payable to any other professionals other Expenses on/ for Professionals
(Travel, stay, other out-of-expenses)
59000.00
59000.00
0.02
0.02
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
18880.00
18880.00
0.01
0.01
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
176560.00
176560.00
0.05
0.05
Filings before adjudicating
3000.00
3000.00
0.00
0.00
CIRP Related Litigation
0.00
0.00
0.00
0.00
Running Business / Essential Services
Electricity
41754665.00
41754665.00
12.21
12.21
Water
0.00
0.00
0.00
0.00
Telecommunication Services
131084.00
131084.00
0.04
0.04
Information Technology Services
0.00
0.00
0.00
0.00
Other Essential Services, if Any
181292806.00
181292806.00
53.03
53.03
Running Business / Other Services
Other Supplies
80458733.00
80458733.00
23.54
23.54
Employess and Workmen
20693468.00
20693468.00
6.05
6.05
Security Personnel Services
2586744.00
2586744.00
0.76
0.76
Other Expenses, If any
5120844.00
5120844.00
1.50
1.50
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
1367445.00
1367445.00
0.40
0.40
Amount due to prejudicially affected persons
Other Expenses
0.00
0.00
0.00
0.00
Remarks:
Exps includes tax if any. Other essential exps includes material purchse for business operations. Other supplies includes admin and other expenses for running operations and Other CIRP related exps include uncategorised expenses incurred for day-to-day activities of business operation.
Total Cost
341866662.00
341866662.00
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