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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:
MILESTONE ALUMINIUM COMPANY PRIVATE LIMITED
CIN of Corporate Debtor:
U85110KA1997PTC021857
Date of Commencement of CIRP:
08-09-2025
Assets(in Rs) as on the last balance sheet date (write date here):
206722000.00
31-03-2025
Turnover(in Rs) in the last finacial year (write year here):
398682000
2024-2025
No. of Workmen as on the date of commencement of CIRP:
60
No. of Employees as on the date of Commencement of CIRP:
45
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):
15
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Operational Creditor):
68508002.00
Name of IRP:
SRINIVAS THATIKONDA
Registration No. of IRP:
IP/N00631
Date of demitting office by IRP:
14-05-2026
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
4095742.00
4095742.00
2.14
2.14
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)
37884.00
37884.00
0.02
0.02
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
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
9440.00
9440.00
0.00
0.00
Including GST
Fee Payable to Audit Professionals
0.00
0.00
0.00
0.00
Fee Payable to Legal Professional
77000.00
77000.00
0.04
0.04
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
0.00
0.00
0.00
0.00
Expenses on CIRP Related Filings before adjudicating authority and CIRP related litigation
6000.00
6000.00
0.00
0.00
Running Business / Essential Services
*
Electricity
138480.00
138480.00
0.07
0.07
Water
28770.00
28770.00
0.02
0.02
Telecommunication Services
6486.00
6486.00
0.00
0.00
Information Technology Services
0.00
0.00
0.00
0.00
Other Essential Services, if Any
6039708.00
6039708.00
3.16
3.16
Rental charges
Running Business / Other Services
*
Other Supplies
0.00
0.00
0.00
0.00
Employess and Workmen
24077972.00
24077972.00
12.60
12.60
Security Personnel Services
876309.00
876309.00
0.46
0.46
Other Expenses, If any
155607212.00
155607212.00
81.44
81.44
Includes payments towards supply of goods and services, office expenses, staff welfare, conveyance, statutory payments etc
Running Business / Interim Finance
*
Amount of Interim Finance
0.00
0.00
0.00
0.00
Interim Finance of INR 3,00,00,000/- has been taken for a project undertaken by the corporate debtor. The costs incurred out of the this amount has been considered in the going concern costs mentioned above.
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
Interest payable is calculated at 7% of the gross profit from the project. No Interest has been paid or accrued till the last date of the CIRP. Hence amount has been mentioned as Nil.
Other Expenses, If any
0.00
0.00
0.00
0.00
Other Expenses, if any, directly related to CIRP
*
Other Expenses
64925.00
64335.00
0.03
0.03
Comprises of printing & stationery, postage & courier, ROC filing and regulatory fees.
Total Cost
191065928.00
191065338.00
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