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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:
Visa Steel Limited
CIN of Corporate Debtor:
L51109OR1996PLC004601
Date of Commencement of CIRP:
28-11-2022
Assets(in Rs) as on the last balance sheet date (write date here):
5333890000.00
31-03-2025
Turnover(in Rs) in the last finacial year (write year here):
5664900000
2024-2025
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):
10
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Financial Creditor):
94597746714.00
Number of Claimants(Operational Creditor):
57
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Operational Creditor):
2488508299.00
Name of IRP:
AJAY AGARWAL
Registration No. of IRP:
IP/N00608
Date of demitting office by IRP:
26-09-2025
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
4602000.00
0.00
81.74
Including GST Rs 7,02,000
Cost of Insurance for IRP
0.00
0.00
0.00
Other Expenses on/ for IRP
(Travel, stay, security, etc related to)
90370.00
0.00
1.61
Running Process / IPE (Registered Valuer)
*
Fee Payable for support services to an IPE, if any
0.00
0.00
0.00
Fee Payable to Valuer 1
0.00
0.00
0.00
Fee Payable to Valuer 2
0.00
0.00
0.00
Other Expenses on/ for Valuers
(Travel, stay, other out-of-pocket)
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
Fee Payable to Audit Professionals
0.00
0.00
0.00
Fee Payable to Legal Professional
450044.00
0.00
7.99
Including GST Rs 21330 in one Advocate Fee
Fee Payable to any other professionals other Expenses on/ for Professionals
(Travel, stay, other out-of-expenses)
1000.00
0.00
0.02
Running Process / COC Meetings
*
Meeting Venue
0.00
0.00
0.00
Video Conferencing
0.00
0.00
0.00
Any other Expenses related to COC
1300.00
0.00
0.02
Running Process / Other Expenses
*
Expenses on Pubic Announcement
19425.00
0.00
0.35
Including GST Rs 925
Expenses on CIRP Related Filings before adjudicating authority and CIRP related litigation
278522.00
0.00
4.95
NCLT, NCLAT High Court etc
Running Business / Essential Services
*
Electricity
0.00
0.00
0.00
Water
0.00
0.00
0.00
Telecommunication Services
0.00
0.00
0.00
Information Technology Services
0.00
0.00
0.00
Other Essential Services, if Any
0.00
0.00
0.00
Running Business / Other Services
*
Other Supplies
0.00
0.00
0.00
Employess and Workmen
0.00
0.00
0.00
Security Personnel Services
136787.01
0.00
2.43
Including GST Rs 13238.70
Other Expenses, If any
0.00
0.00
0.00
Running Business / Interim Finance
*
Amount of Interim Finance
0.00
0.00
0.00
Expenses for Raising Interim Finance
0.00
0.00
0.00
Interest Payable on Interim Finance
0.00
0.00
0.00
Other Expenses, If any
0.00
0.00
0.00
Other Expenses, if any, directly related to CIRP
*
Other Expenses
50554.00
0.00
0.90
EA Fee, Postage, Printing ROC Fee etc.
Total Cost
5630002.01
0.00
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