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:
Bindals Sponnge Industries Ltd
CIN of Corporate Debtor:
NA
Date of Commencement of CIRP:
Assets(in Rs) as on the last balance sheet date (write date here):
1046648766.00
31-03-2018
Turnover(in Rs) in the last finacial year (write year here):
16719811
2017-18
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):
110
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Workmen & Employees):
98917023.00
Number of Claimants(Financial Creditor):
4
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Financial Creditor):
1743126607.00
Number of Claimants(Operational Creditor):
18
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Operational Creditor):
260074193.00
Name of IRP:
Dinesh Sood
Registration No. of IRP:
IP/N00046
Date of demitting office by IRP:
11-06-2018
Name of RP:
Dinesh Sood
Registration No. of RP:
IP/N00046
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
94400.00
94400.00
11.66
11.66
Cost of Insurance for IRP
0.00
0.00
0.00
0.00
Other Expenses on/ for IRP
(Travel, stay, security, etc related to)
119730.00
119730.00
14.79
14.79
Running Process / IPE (Registered Valuer)
*
Fee Payable for support services to an IPE, if any
188800.00
188800.00
23.32
23.32
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
16200.00
16200.00
2.00
2.00
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
10000.00
10000.00
1.24
1.24
Running Process / Other Expenses
*
Expenses on Pubic Announcement
101821.80
101821.80
12.58
12.58
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
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
241000.00
241000.00
29.77
29.77
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
37590.00
37590.00
4.64
4.64
Total Cost
809541.80
809541.80
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:
11-06-2018
Date of Demitting officer as RP:
26-11-2025
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
6052063.00
6052063.00
7.05
7.05
Cost of Insurance for RP
0.00
0.00
0.00
0.00
Other Expenses on/ for RP
(Travel, stay, security, etc related to)
1759462.18
1759462.18
2.05
2.05
Fee payable for support services to an IPE, if Any
14464597.00
14464597.00
16.86
16.86
Running Process / Registered Valuer
Fee Payable to Valuer 1
571120.00
571120.00
0.67
0.67
Fee Payable to Valuer 2
674960.00
674960.00
0.79
0.79
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
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
25000.00
25000.00
0.03
0.03
Fee Payable to audit professionals
495600.00
495600.00
0.58
0.58
Fee Payable to Legal Professional
9715964.00
9715964.00
11.32
11.32
Fee Payable to any other professionals other Expenses on/ for Professionals
(Travel, stay, other out-of-expenses)
832920.00
832920.00
0.97
0.97
Data Room Service
0.00
0.00
0.00
0.00
Running Process / COC Meeting
Meeting Venue
13827.00
13827.00
0.02
0.02
Video Conferencing
28463.61
28463.61
0.03
0.03
Electronic Voting
29500.00
29500.00
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
106200.00
106200.00
0.12
0.12
Under/ Over-valued transactions
0.00
0.00
0.00
0.00
Extortionate transactions
0.00
0.00
0.00
0.00
Fraudulent Transactions
106200.00
106200.00
0.12
0.12
Running Process / Other Expenses
Expenses on CIRP related
3112072.25
3112072.25
3.63
3.63
Filings before adjudicating
114479.20
114479.20
0.13
0.13
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
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
44498323.50
44498323.50
51.87
51.87
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 directly related to
0.00
0.00
0.00
0.00
Other Expenses, if any, directly related to CIRP
Other Expenses
3193987.00
3193987.00
3.72
3.72
Amount due to prejudicially affected persons
Other Expenses
0.00
0.00
0.00
0.00
Remarks:
1. The Hon'ble NCLT vide order dated 26.11.2025 has approved the Resolution Plan. 2.As for the forensic auditor in his report had informed about only preferential and fraudulent transactions the total amount of the forensic audit fees has been divided equally.
Total Cost
85794738.74
85794738.74
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