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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:
PSL Limited
CIN of Corporate Debtor:
L67120DD1987PLC002395
Date of Commencement of CIRP:
15-02-2019
Assets(in Rs) as on the last balance sheet date (write date here):
18710000000.00
31-03-2019
Turnover(in Rs) in the last finacial year (write year here):
801200000
2018-19
No. of Workmen as on the date of commencement of CIRP:
700
No. of Employees as on the date of Commencement of CIRP:
270
Number of Claimants(Workmen & Employees):
141
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Workmen & Employees):
4196552.00
Number of Claimants(Financial Creditor):
21
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Financial Creditor):
88040853472.00
Number of Claimants(Operational Creditor):
61
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Operational Creditor):
2002018970.00
Name of IRP:
Registration No. of IRP:
IP/N00104
Date of demitting office by IRP:
17-09-2019
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
5080645.00
5080645.00
28.89
30.62
CIR Process commenced on 15.02.2019. Order communicated to IRP on 21.02.2019. Office of IRP demitted on 17.09.2019 with arrival of new Resolution Professional. This amount is exclusive of GST
Cost of Insurance for IRP
0.00
0.00
0.00
0.00
Not availed
Other Expenses on/ for IRP
(Travel, stay, security, etc related to)
1098834.00
1098834.00
6.25
6.62
Inclusive of travel of IRP and his team for COC meetings and visit to production facilities of Corporate Debtor
Running Process / IPE (Registered Valuer)
*
Fee Payable for support services to an IPE, if any
3387097.00
3387097.00
19.26
20.41
Same duration as that of IRP. Exclusive of GST.
Fee Payable to Valuer 1
825000.00
825000.00
4.69
4.97
Amount ratified by the CoC, however, payment not made to the valuator till the date of demit.
Fee Payable to Valuer 2
825000.00
825000.00
4.69
4.97
Amount ratified by the CoC, however, payment not made to the valuator till the date of demit.
Other Expenses on/ for Valuers
(Travel, stay, other out-of-pocket)
0.00
0.00
0.00
0.00
Nil, as out-of-pocket was part of professional fee.
Running Process / Other Professionals engaged for CIRP, not for Corporate Debtor
*
Fee Payable to Accounting and Finance Professionals
1177651.00
1177651.00
6.70
7.10
Pertaining to team stationed at Mumbai and Chennai for cash-flow management
Fee Payable to Audit Professionals
1100000.00
110000.00
6.26
0.66
Pertaining to engagement of Transaction Audit for determination of P,U,F,E transactions
Fee Payable to Legal Professional
619822.00
619822.00
3.52
3.74
Pertaining to drafting, filing, appearance before Hon'ble NCLT and legal opinion sought over various issues
Fee Payable to any other professionals other Expenses on/ for Professionals
(Travel, stay, other out-of-expenses)
175000.00
175000.00
1.00
1.05
Pertaining to professional fee paid to professional consultancy firm engaged for assessment of fair value of rental charged
Running Process / COC Meetings
*
Meeting Venue
0.00
0.00
0.00
0.00
Nil, as meetings were conducted in the conference room of Corporate Debtor
Video Conferencing
20000.00
20000.00
0.11
0.12
Video recording related expenses
Any other Expenses related to COC
76300.00
76300.00
0.43
0.46
Refreshments during COC meetings. Also includes expenses towards e-voting (inclusive of taxes)
Running Process / Other Expenses
*
Expenses on Pubic Announcement
3005680.00
3005680.00
17.09
18.11
Since the IRP continued till the appointment of RP, Form G was published in the matter on two occasions with due approval from the CoC. Thereby, this figure includes the expenses towards Form A and Form G (published twice). This amount is inclusive of GST
Expenses on CIRP Related Filings before adjudicating authority and CIRP related litigation
172322.00
172322.00
0.98
1.04
Pertaining to drafting, filing and appearance before Hon'ble NCLT
Running Business / Essential Services
*
Electricity
0.00
0.00
0.00
0.00
Nil
Water
0.00
0.00
0.00
0.00
Nil
Telecommunication Services
0.00
0.00
0.00
0.00
Nil
Information Technology Services
0.00
0.00
0.00
0.00
Nil
Other Essential Services, if Any
0.00
0.00
0.00
0.00
Nil
Running Business / Other Services
*
Other Supplies
0.00
0.00
0.00
0.00
Nil
Employess and Workmen
0.00
0.00
0.00
0.00
Nil
Security Personnel Services
0.00
0.00
0.00
0.00
Nil
Other Expenses, If any
0.00
0.00
0.00
0.00
Nil
Running Business / Interim Finance
*
Amount of Interim Finance
0.00
0.00
0.00
0.00
Not availed
Expenses for Raising Interim Finance
0.00
0.00
0.00
0.00
Not applicable
Interest Payable on Interim Finance
0.00
0.00
0.00
0.00
Not applicable
Other Expenses, If any
0.00
0.00
0.00
0.00
Not applicable
Other Expenses, if any, directly related to CIRP
*
Other Expenses
20737.00
20737.00
0.12
0.12
Miscellaneous expenses viz. local conveyance, stationery, postal etc.
Total Cost
17584088.00
16594088.00
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