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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:
Aakash Tiles Private Limited
CIN of Corporate Debtor:
U26955MH2006PTC166481
Date of Commencement of CIRP:
04-01-2019
Assets(in Rs) as on the last balance sheet date (write date here):
965113522.07
31-03-2010
Turnover(in Rs) in the last finacial year (write year here):
0.00
2009-2010
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):
4
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Financial Creditor):
1684554095.95
Number of Claimants(Operational Creditor):
1
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Operational Creditor):
224424832.00
Name of IRP:
Gaurav Adukia
Registration No. of IRP:
IP/N00457
Date of demitting office by IRP:
02-04-2019
Name of RP:
Gaurav Adukia
Registration No. of RP:
IP/N00457
Date of Demitting office by RP:
02-04-2019
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
252000.00
252000.00
20.86
20.86
N.A.
Cost of Insurance for IRP
0.00
0.00
0.00
0.00
N.A.
Other Expenses on/ for IRP
(Travel, stay, security, etc related to)
12761.00
12761.00
1.06
1.06
N.A.
Running Process / IPE (Registered Valuer)
*
Fee Payable for support services to an IPE, if any
693840.00
693840.00
57.43
57.43
N.A.
Fee Payable to Valuer 1
0.00
0.00
0.00
0.00
N.A.
Fee Payable to Valuer 2
0.00
0.00
0.00
0.00
N.A.
Other Expenses on/ for Valuers
(Travel, stay, other out-of-pocket)
0.00
0.00
0.00
0.00
N.A.
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
N.A.
Fee Payable to Audit Professionals
0.00
0.00
0.00
0.00
N.A.
Fee Payable to Legal Professional
0.00
0.00
0.00
0.00
N.A.
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
N.A.
Running Process / COC Meetings
*
Meeting Venue
0.00
0.00
0.00
0.00
N.A.
Video Conferencing
13500.00
0.00
1.12
0.00
N.A.
Any other Expenses related to COC
0.00
18849.00
0.00
1.56
N.A.
Running Process / Other Expenses
*
Expenses on Pubic Announcement
14700.00
14700.00
1.22
1.22
N.A.
Expenses on CIRP Related Filings before adjudicating authority and CIRP related litigation
0.00
0.00
0.00
0.00
N.A.
Running Business / Essential Services
*
Electricity
0.00
0.00
0.00
0.00
N.A.
Water
0.00
0.00
0.00
0.00
N.A.
Telecommunication Services
0.00
0.00
0.00
0.00
N.A.
Information Technology Services
0.00
0.00
0.00
0.00
N.A.
Other Essential Services, if Any
0.00
0.00
0.00
0.00
N.A.
Running Business / Other Services
*
Other Supplies
0.00
0.00
0.00
0.00
N.A.
Employess and Workmen
0.00
0.00
0.00
0.00
N.A.
Security Personnel Services
215940.00
0.00
17.87
0.00
N.A.
Other Expenses, If any
0.00
0.00
0.00
0.00
N.A.
Running Business / Interim Finance
*
Amount of Interim Finance
0.00
0.00
0.00
0.00
The COC in their 3rd meeting held on 02.04.2019 superseded the resolution passed by the COC in the 1st meeting and resolved to raise the Corpus Fund which shall be treated as Interim Finance from the COC at 18% interest p.a. towards exp. for running CIRP.
Expenses for Raising Interim Finance
0.00
0.00
0.00
0.00
N.A.
Interest Payable on Interim Finance
0.00
0.00
0.00
0.00
N.A.
Other Expenses, If any
0.00
0.00
0.00
0.00
N.A.
Other Expenses, if any, directly related to CIRP
*
Other Expenses
5349.00
215940.00
0.44
17.87
N.A.
Total Cost
1208090.00
1208090.00
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:
02-04-2019
Date of Demitting officer as RP:
21-02-2020
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
984740.00
984740.00
19.55
19.55
Cost of Insurance for RP
0.00
0.00
0.00
0.00
Other Expenses on/ for RP
(Travel, stay, security, etc related to)
29134.00
29134.00
0.58
0.58
Fee payable for support services to an IPE, if Any
2716740.00
2716740.00
53.94
53.94
Running Process / Registered Valuer
Fee Payable to Valuer 1
120700.00
120700.00
2.40
2.40
Fee Payable to Valuer 2
150200.00
150200.00
2.98
2.98
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
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
172200.00
172200.00
3.42
3.42
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
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
11800.00
11800.00
0.23
0.23
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
37336.00
37336.00
0.74
0.74
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
784240.00
784240.00
15.57
15.57
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
18000.00
18000.00
0.36
0.36
Amount due to prejudicially affected persons
Other Expenses
11342.00
11342.00
0.23
0.23
Remarks:
The Committee of Creditors ("COC") in their 3rd meeting held on April 02, 2019, superseded the resolution passed by the COC in the 1st meeting held on February 06, 2019 and passed the following resolution. “RESOLVED THAT in supersession of the earlier resolution passed at the first meeting of Committee of Creditors and pursuant to sub-section (15) of section 5 and clause (a) of subsection (1) of Section 28 read with sub-section (13) of section 5 of Insolvency and Bankruptcy Code, 2016, and other applicable provisions, if any, and in accordance with rules and regulations made thereunder, approval of committee of creditors be and is hereby accorded to authorize resolution professional to raise Corpus Fund which shall be treated as interim finance from the members of the committee of creditors in accordance with their voting share, to the extent of the estimated budget as maybe modified from time to time at an interest rate of 18% per annum, as charged to the Corporate Debtor (Borrower), towards meeting the expenses for running of Corporate Insolvency Resolution Process of Aakash Tiles Private Limited. RESOLVED FURTHER THAT the said contribution towards corpus fund alongwith the interest shall be treated as interim finance and shall constitute Insolvency Resolution Process Cost of Aakash Tiles Private Limited. RESOLVED FURTHER THAT the Committee of Creditors hereby authorize Mr. Gaurav Ashok Adukia, Interim Resolution Professional to undertake/instruct the debit transaction towards payment of the fees/costs/ expenses as per the budget approved by the Committee of Creditors. RESOLVED FURTHER THAT the Committee of Creditors hereby authorize Mr. Gaurav Ashok Adukia, Resolution Professional to do all acts, deeds and matters as may be necessary to give effect to this resolution.” Accordingly, the total CIRP Cost of Rs. 62,44,522.00 (including IRP period’s cost of Rs. 12,08,090.00) along with interest at 18% p.a. shall be treated as interim finance and shall constitute CIRP cost of Aakash Tiles Private Limited (in liquidation).
Total Cost
5036432.00
5036432.00
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