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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:
DSK Motors Pvt Ltd
CIN of Corporate Debtor:
U34102PN1999PTC013505
Date of Commencement of CIRP:
09-04-2019
Assets(in Rs) as on the last balance sheet date (write date here):
3662118791.00
31-03-2015
Turnover(in Rs) in the last finacial year (write year here):
8461009494
2014-15
No. of Workmen as on the date of commencement of CIRP:
250
No. of Employees as on the date of Commencement of CIRP:
0
Number of Claimants(Workmen & Employees):
1
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Workmen & Employees):
119884.00
Number of Claimants(Financial Creditor):
8
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Financial Creditor):
3188711341.00
Number of Claimants(Operational Creditor):
6
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Operational Creditor):
295766860.00
Name of IRP:
RAJKUMAR MAHTO
Registration No. of IRP:
IP/N00723
Date of demitting office by IRP:
08-07-2019
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
472000.00
472000.00
23.98
65.64
Not paid till date
Cost of Insurance for IRP
0.00
0.00
0.00
0.00
Other Expenses on/ for IRP
(Travel, stay, security, etc related to)
217765.00
181066.00
11.06
25.18
Not paid till date
Running Process / IPE (Registered Valuer)
*
Fee Payable for support services to an IPE, if any
0.00
0.00
0.00
0.00
0
Fee Payable to Valuer 1
550000.00
0.00
27.94
0.00
It was further negotiated at the time of remitting office
Fee Payable to Valuer 2
500000.00
0.00
25.40
0.00
It was further negotiated at the time of remitting office
Other Expenses on/ for Valuers
(Travel, stay, other out-of-pocket)
0.00
0.00
0.00
0.00
Not aware
Running Process / Other Professionals engaged for CIRP, not for Corporate Debtor
*
Fee Payable to Accounting and Finance Professionals
12800.00
0.00
0.65
0.00
Not Approved but Already paid from my own pocket
Fee Payable to Audit Professionals
0.00
0.00
0.00
0.00
0
Fee Payable to Legal Professional
121300.00
30000.00
6.16
4.17
The fee includes hearing at Delhi before AA PMLA and NCLT Mumbai, Here also I have paid some payment to Legal professionals hired by me to defend 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
0
Running Process / COC Meetings
*
Meeting Venue
0.00
0.00
0.00
0.00
The meeting(s) were held at JM Finance Office at Mumbai
Video Conferencing
12000.00
6000.00
0.61
0.83
Any other Expenses related to COC
0.00
0.00
0.00
0.00
Running Process / Other Expenses
*
Expenses on Pubic Announcement
52500.00
0.00
2.67
0.00
PA was born by Applicant
Expenses on CIRP Related Filings before adjudicating authority and CIRP related litigation
30000.00
30000.00
1.52
4.17
2 MAs were filed to defend CoC and 1 MA for payment of IRP fess and expenses
Running Business / Essential Services
*
Electricity
0.00
0.00
0.00
0.00
The company is not in operation as a going concern as Promoters are facing Jail Term
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
All the secured Lenders are bearing expenses for the upkeep of property. The IRP was not allowed to take control and asked to be the custodian so why MA was filed to seek direction from AA
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
As the reputation of the company is not all that good as per the prevailing circumstances , so raising IF was not possible
Expenses for Raising Interim Finance
0.00
0.00
0.00
0.00
Also CoC pressurized me to arrange for the same where as they being Financial Creditors were not interested at all to finance.
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
0.00
0.00
0.00
0.00
0
Total Cost
1968365.00
719066.00
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