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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:
GEOSPHERE INDUSTRIES PRIVATE LIMITED
CIN of Corporate Debtor:
U14200CT2008PTC020926
Date of Commencement of CIRP:
17-10-2025
Assets(in Rs) as on the last balance sheet date (write date here):
1155386000.00
31-03-2025
Turnover(in Rs) in the last finacial year (write year here):
809227000
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):
0
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Financial Creditor):
0.00
Number of Claimants(Operational Creditor):
0
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Operational Creditor):
0.00
Name of IRP:
Ashutosh Khemani
Registration No. of IRP:
IP/N01177
Date of demitting office by IRP:
30-06-2026
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
75000.00
750000.00
37.64
85.79
Hon'ble NCLAT, Delhi Vide order dated 30.06.2026, set aside the order dated 17.10.2026 passed by NCLT, Cuttack initiating the CIRP of the CD
Cost of Insurance for IRP
0.00
0.00
0.00
0.00
Other Expenses on/ for IRP
(Travel, stay, security, etc related to)
29417.00
29417.00
14.76
3.36
Hon'ble NCLAT, Delhi Vide order dated 30.06.2026, set aside the order dated 17.10.2026 passed by NCLT, Cuttack initiating the CIRP of the CD
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
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
50000.00
50000.00
25.09
5.72
Hon'ble NCLAT, Delhi Vide order dated 30.06.2026, set aside the order dated 17.10.2026 passed by NCLT, Cuttack initiating the CIRP of the CD
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
0.00
0.00
0.00
0.00
Running Process / Other Expenses
*
Expenses on Pubic Announcement
31710.00
31710.00
15.91
3.63
Hon'ble NCLAT, Delhi Vide order dated 30.06.2026, set aside the order dated 17.10.2026 passed by NCLT, Cuttack initiating the CIRP of the CD
Expenses on CIRP Related Filings before adjudicating authority and CIRP related litigation
12550.00
12550.00
6.30
1.44
Hon'ble NCLAT, Delhi Vide order dated 30.06.2026, set aside the order dated 17.10.2026 passed by NCLT, Cuttack initiating the CIRP of the CD
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
0.00
0.00
0.00
0.00
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
598.00
598.00
0.30
0.07
ashutosh.khemani@gmail.com
Total Cost
199275.00
874275.00
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