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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:
AFCAN IMPEX PRIVATE LIMITED
CIN of Corporate Debtor:
U51909GJ2003PTC081238
Date of Commencement of CIRP:
17-02-2021
Assets(in Rs) as on the last balance sheet date (write date here):
122760049.00
31-03-2020
Turnover(in Rs) in the last finacial year (write year here):
39403643
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):
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):
1
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Financial Creditor):
98699334.00
Number of Claimants(Operational Creditor):
1
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Operational Creditor):
149450.00
Name of IRP:
Nitin Natang
Registration No. of IRP:
IP/N00828
Date of demitting office by IRP:
31-03-2021
Name of RP:
Nitin Natang
Registration No. of RP:
IP/N00828
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
175000.00
175000.00
31.38
31.38
Cost of Insurance for IRP
0.00
0.00
0.00
0.00
Other Expenses on/ for IRP
(Travel, stay, security, etc related to)
56730.00
56730.00
10.17
10.17
Running Process / IPE (Registered Valuer)
*
Fee Payable for support services to an IPE, if any
112500.00
112500.00
20.17
20.17
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
0
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)
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
9408.00
9408.00
1.69
1.69
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
0
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
0.00
0.00
0.00
0.00
Other Expenses, if any, directly related to CIRP
*
Other Expenses
204017.00
204017.00
36.58
36.58
Total Cost
557655.00
557655.00
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:
31-03-2021
Date of Demitting officer as RP:
30-09-2025
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
11130081.70
11130081.70
38.89
38.89
Cost of Insurance for RP
0.00
0.00
0.00
0.00
Other Expenses on/ for RP
(Travel, stay, security, etc related to)
2216430.07
2216430.07
7.74
7.74
Fee payable for support services to an IPE, if Any
602235.00
602235.00
2.10
2.10
Running Process / Registered Valuer
Fee Payable to Valuer 1
53000.00
53000.00
0.19
0.19
Fee Payable to Valuer 2
50000.00
50000.00
0.17
0.17
Fee Payable to Valuer 3, if any
45900.00
45900.00
0.16
0.16
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
1046586.00
1046586.00
3.66
3.66
Fee Payable to audit professionals
123500.00
123500.00
0.43
0.43
Fee Payable to Legal Professional
7189586.20
7189586.20
25.12
25.12
Fee Payable to any other professionals other Expenses on/ for Professionals
(Travel, stay, other out-of-expenses)
17000.00
17000.00
0.06
0.06
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
8903.10
8903.10
0.03
0.03
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
186637.00
186637.00
0.65
0.65
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
37321.60
37321.60
0.13
0.13
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
729383.00
729383.00
2.55
2.55
Running Business / Other Services
Other Supplies
26280.80
26280.80
0.09
0.09
Employess and Workmen
210858.00
210858.00
0.74
0.74
Security Personnel Services
2805624.92
2805624.92
9.80
9.80
Other Expenses, If any
2051901.00
2051901.00
7.17
7.17
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
88260.29
88260.29
0.31
0.31
Amount due to prejudicially affected persons
Other Expenses
0.00
0.00
0.00
0.00
Remarks:
1. We have shown the expenses of Accounting and Book keeping of INR 9,27,800 and GST Compliances 1,18786 under the head of Fee Payable to Accounting and Finance Professionals 2. We have shown Stock Audit amount INR 35000 and Transaction Audit amount INR 88500 under the head of payable to audit professionals. 3. We have shown the fees of legal professionals appointed in the matter which includes Fees of Abhishek Anand INR 835750, Fees of Saourabh N Sopankar INR 1969000, Fees of Advocate Rasesh Parekh INR 510000, Fees of Purvesh G Ganatra 15000 and Fees of DGA Resolution LLP INR 3859836.20
Total Cost
28619488.68
28619488.68
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