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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:
Divya Infra Properties Private Limited
CIN of Corporate Debtor:
U70200KA2005PTC036361
Date of Commencement of CIRP:
31-10-2023
Assets(in Rs) as on the last balance sheet date (write date here):
383857449.00
31-03-2023
Turnover(in Rs) in the last finacial year (write year here):
0
2022-23
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):
39
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Financial Creditor):
688408030.68
Number of Claimants(Operational Creditor):
1
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Operational Creditor):
0.00
Name of IRP:
Prakul Thadi
Registration No. of IRP:
IP/N01149
Date of demitting office by IRP:
18-12-2023
Name of RP:
Prakul Thadi
Registration No. of RP:
IP/N01149
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
294619.00
294619.00
22.80
52.98
Including GST
Cost of Insurance for IRP
0.00
0.00
0.00
0.00
Other Expenses on/ for IRP
(Travel, stay, security, etc related to)
30804.00
17316.00
2.38
3.11
Site Visit Expenses including travel and local conveyance and other OPE
Running Process / IPE (Registered Valuer)
*
Fee Payable for support services to an IPE, if any
220965.00
220965.00
17.10
39.73
Including GST
Fee Payable to Valuer 1
348100.00
0.00
26.94
0.00
Including GST
Fee Payable to Valuer 2
306900.00
0.00
23.75
0.00
Including GST
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
57500.00
0.00
4.45
0.00
Fee Payable to any other professionals other Expenses on/ for Professionals
(Travel, stay, other out-of-expenses)
811.00
0.00
0.06
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
9996.00
9996.00
0.77
1.80
Expenses on CIRP Related Filings before adjudicating authority and CIRP related litigation
4000.00
1000.00
0.31
0.18
Includes INR 3000 towards court filing fee paid directly by advocate.
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
14845.00
10277.00
1.15
1.85
Including GST. Approval for additional security engaged in the site is yet to be approved.
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
3507.00
1955.00
0.27
0.35
Other expenses comprises of printing and stationary, postage and courier, ROC filing and regulatory fees. Other expenses amounting to Rs. 1955 are proposed for ratification during the second CoC
Total Cost
1292047.00
556128.00
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:
18-12-2023
Date of Demitting officer as RP:
29-04-2026
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
7579937.00
7579937.00
35.42
35.42
Cost of Insurance for RP
0.00
0.00
0.00
0.00
Other Expenses on/ for RP
(Travel, stay, security, etc related to)
32334.00
32334.00
0.15
0.15
Fee payable for support services to an IPE, if Any
1318936.00
1318936.00
6.16
6.16
Running Process / Registered Valuer
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
Fee Payable to Valuer 3, if any
165200.00
165200.00
0.77
0.77
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
0.00
0.00
0.00
0.00
Fee Payable to audit professionals
47200.00
47200.00
0.22
0.22
Fee Payable to Legal Professional
4044889.00
4044889.00
18.90
18.90
Fee Payable to any other professionals other Expenses on/ for Professionals
(Travel, stay, other out-of-expenses)
201828.00
201828.00
0.94
0.94
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
82600.00
82600.00
0.39
0.39
Expenses for or by Authorized
1090000.00
1090000.00
5.09
5.09
Any other Expenses related to CoC
0.00
0.00
0.00
0.00
Running Process / Examination of Transactions
Preferential Transactions
236000.00
236000.00
1.10
1.10
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
0.00
0.00
0.00
0.00
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
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
2009731.00
2009731.00
9.39
9.39
Other Expenses, If any
389429.00
389429.00
1.82
1.82
Running Business / Interim Finance
Amount of Interim Finance
3950000.00
3950000.00
18.46
18.46
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
249474.00
249474.00
1.17
1.17
Amount due to prejudicially affected persons
Other Expenses
0.00
0.00
0.00
0.00
Remarks:
1. All amounts are inclusive of GST 2. RP fee includes performance incentive of INR 8,73,222/-(Including GST) 3. Valuer 1 and Valuer 2 were appointed during the IRP period and hence the cost has already been reported in Form II. 4. Fee Payable to any other professionals other Expenses on/ for Professionals represents INR 50,000 paid to tax professional and INR 1,51,828 out of pocket expenses incurred by the legal professionals including the amounts paid to the adjudicating authority. 5. Running Process / Examination of Preferential Transactions represents the professional fee charged for the transaction audit to determine all avoidance and fraudulent transactions. 6. 'Other Expenses, If any' under Running Business Expenses represents borewell expenses of INR 2,88,429 and expenses incurred for removal of scaffolding amounting to INR 1,01,000 7. 'Other Expenses, if any, directly related to CIRP' represents ROC expenses of INR 1,200 ,GST Registration Expenses of INR 5,000, Form EA expenses of INR 38,586, Printing, Stationery & Courier Charges of INR 1,14,594, and Publication Announcement of INR 90904
Total Cost
21397558.00
21397558.00
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