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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:
SUDALAGUNTA SUGARS LIMITED
CIN of Corporate Debtor:
00U1542AP1994LC018279
Date of Commencement of CIRP:
20-09-2024
Assets(in Rs) as on the last balance sheet date (write date here):
3464354897.00
31-03-2019
Turnover(in Rs) in the last finacial year (write year here):
1450306000
2018-2019
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):
3
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Financial Creditor):
2764104016.00
Number of Claimants(Operational Creditor):
3
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Operational Creditor):
916460645.00
Name of IRP:
Chaitanya Immaneni
Registration No. of IRP:
IP/N01257
Date of demitting office by IRP:
20-12-2024
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
708000.00
708000.00
34.86
35.32
The Deemed RP was replaced in the second CoC meeting in regards this agenda item IA filed before the Hon'ble NCLT, an order was passed on 17/12/2024, replacing the Deemed Resolution Professional with Mr. Chinnam Poorna Chandra Rao to conduct the CIRP
Cost of Insurance for IRP
0.00
0.00
0.00
0.00
Other Expenses on/ for IRP
(Travel, stay, security, etc related to)
11695.00
11695.00
0.58
0.58
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
227500.00
227500.00
11.20
11.35
The amount was ratified in the CoC meeting
Fee Payable to Valuer 2
185000.00
185000.00
9.11
9.23
The amount was ratified in the CoC meeting
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
215000.00
195000.00
10.59
9.73
IA filed for Report Certifying to CoC before the hon'ble NCLT was not ratified by the CoC in the first meeting Rs 20000/-
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
Nil
Video Conferencing
0.00
0.00
0.00
0.00
Nil
Any other Expenses related to COC
0.00
0.00
0.00
0.00
Nil
Running Process / Other Expenses
*
Expenses on Pubic Announcement
35280.00
35280.00
1.74
1.76
Expenses on CIRP Related Filings before adjudicating authority and CIRP related litigation
5920.00
3000.00
0.29
0.15
The cost incurred for filing of IA applications before the Hon'ble NCLT and NCLAT 2920 amount is to approve in the next coc meeting.
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
633393.00
633393.00
31.19
31.60
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
9105.00
5475.00
0.45
0.27
yet to approve in the Third CoC meeting
Total Cost
2030893.00
2004343.00
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