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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:
MANALI SUGARS LIMITED
CIN of Corporate Debtor:
U01542KA1995PLC048389
Date of Commencement of CIRP:
22-03-2021
Assets(in Rs) as on the last balance sheet date (write date here):
2398678199.00
31-03-2020
Turnover(in Rs) in the last finacial year (write year here):
883924295
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:
222
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):
20
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Financial Creditor):
3270627496.00
Number of Claimants(Operational Creditor):
4
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Operational Creditor):
1199194.00
Name of IRP:
K KUMAR
Registration No. of IRP:
IP/N00237
Date of demitting office by IRP:
13-08-2021
Name of RP:
K KUMAR
Registration No. of RP:
IP/N00237
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
2773000.00
2773000.00
1.57
1.57
Cost of Insurance for IRP
0.00
0.00
0.00
0.00
Other Expenses on/ for IRP
(Travel, stay, security, etc related to)
57425.00
25950.00
0.03
0.01
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
200000.00
200000.00
0.11
0.11
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
33040.00
33040.00
0.02
0.02
Video Conferencing
15340.00
15340.00
0.01
0.01
Any other Expenses related to COC
23600.00
23600.00
0.01
0.01
Running Process / Other Expenses
*
Expenses on Pubic Announcement
90888.00
90888.00
0.05
0.05
Expenses on CIRP Related Filings before adjudicating authority and CIRP related litigation
4000.00
4000.00
0.00
0.00
Running Business / Essential Services
*
Electricity
233573.00
233573.00
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
101810.00
101810.00
0.06
0.06
Running Business / Other Services
*
Other Supplies
0.00
0.00
0.00
0.00
Employess and Workmen
2379267.00
2379267.00
1.35
1.35
Security Personnel Services
802458.00
802458.00
0.45
0.45
Other Expenses, If any
5047075.00
5047075.00
2.85
2.86
Running Business / Interim Finance
*
Amount of Interim Finance
164500000.00
164500000.00
93.04
93.06
CIRP expenses were paid out of the interim finance availed amount. However, as this form is specifically require for the interim finance amount separately, entire interim finance amount has been mentioned,
Expenses for Raising Interim Finance
0.00
0.00
0.00
0.00
Interest Payable on Interim Finance
536315.00
536315.00
0.30
0.30
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
176797791.00
176766316.00
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:
13-08-2021
Date of Demitting officer as RP:
18-10-2022
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
8551194.00
8551194.00
0.51
0.51
Cost of Insurance for RP
0.00
0.00
0.00
0.00
Other Expenses on/ for RP
(Travel, stay, security, etc related to)
262169.00
262169.00
0.02
0.02
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
280000.00
280000.00
0.02
0.02
Fee Payable to Valuer 2
280000.00
280000.00
0.02
0.02
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
88000.00
88000.00
0.01
0.01
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
540000.00
540000.00
0.03
0.03
Fee Payable to Legal Professional
1258120.00
1258120.00
0.08
0.08
Fee Payable to any other professionals other Expenses on/ for Professionals
(Travel, stay, other out-of-expenses)
575000.00
575000.00
0.03
0.03
Data Room Service
46915.00
46915.00
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
25000.00
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
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
713681.00
713681.00
0.04
0.04
Filings before adjudicating
5000.00
5000.00
0.00
0.00
CIRP Related Litigation
0.00
0.00
0.00
0.00
Running Business / Essential Services
Electricity
19343632.00
19343632.00
1.16
1.16
Water
0.00
0.00
0.00
0.00
Telecommunication Services
73751.00
73751.00
0.00
0.00
Information Technology Services
315837.00
315837.00
0.02
0.02
Other Essential Services, if Any
11558002.00
11558002.00
0.69
0.69
Running Business / Other Services
Other Supplies
0.00
0.00
0.00
0.00
Employess and Workmen
74664890.00
74664890.00
4.47
4.47
Security Personnel Services
4501299.00
4501299.00
0.27
0.27
Other Expenses, If any
0.00
0.00
0.00
0.00
Running Business / Interim Finance
Amount of Interim Finance
85500000.00
85500000.00
5.12
5.12
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
1461840088.00
1461840088.00
87.51
87.51
Amount due to prejudicially affected persons
Other Expenses
0.00
0.00
0.00
0.00
Remarks:
Total Cost
1670422578.00
1670397578.00
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