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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:
Proseed India Limited
CIN of Corporate Debtor:
L01403TG2002PLC039113
Date of Commencement of CIRP:
23-07-2019
Assets(in Rs) as on the last balance sheet date (write date here):
30204870.00
31-03-2019
Turnover(in Rs) in the last finacial year (write year here):
20318079
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:
3
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):
5
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Financial Creditor):
365490092.00
Number of Claimants(Operational Creditor):
3
Total Amount(in Rs) of Claims Admitted on the day of demitting office as IRP(Operational Creditor):
23896225.00
Name of IRP:
Venka Bathina
Registration No. of IRP:
IP/N00645
Date of demitting office by IRP:
15-10-2019
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
430000.00
125000.00
67.59
42.12
The initial amount of 150000paid by the petitioner is not ratified by CoC. The IRP fees from 1st CoC to 2nd CoC meeting is approved by CoC. The IRP fees from 2nd CoC meeting till the date of demitting the office as IRP is yet to be approved by CoC.
Cost of Insurance for IRP
0.00
0.00
0.00
0.00
Other Expenses on/ for IRP
(Travel, stay, security, etc related to)
7000.00
7000.00
1.10
2.36
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
80000.00
80000.00
12.57
26.95
Two valuers for valuation of Financial Assests
Fee Payable to Valuer 2
73000.00
73000.00
11.47
24.60
Two valuers for valuation of Land and Building
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
0.00
0.00
0.00
0.00
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
11800.00
11800.00
1.85
3.98
Running Process / Other Expenses
*
Expenses on Pubic Announcement
34398.00
0.00
5.41
0.00
Expenses on CIRP Related Filings before adjudicating authority and CIRP related litigation
0.00
0.00
0.00
0.00
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
0.00
0.00
0.00
0.00
Total Cost
636198.00
296800.00
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