LIST OF CLAIMS RECEIVED BY IRP UPTO 27 SEPTEMBER 2018 FROM FINANCIAL CREDITORS. 1 Axis Bank Limited 2,337,026, ,337,026,450.
|
|
- Morgan Chase
- 5 years ago
- Views:
Transcription
1 1 LIST OF CLAIMS RECEIVED BY IRP UPTO 27 SEPTEMBER 2018 FROM FINANCIAL CREDITORS Sr Name of the Lenders s claimed Admitted Rs. No Rs. in Crores in Crores (estimated) 1 Axis Bank Limited 2,337,026, ,337,026, G-Corp Lotus Mall Private Limited 1,500,000, ,586, Lingamaneni Land Marks Developers Private Limited 821,600, ,600, Kakosi Limited 1,588,182, ,588,182, Total 6,246,809, ,685,395, Note/Disclaimer Rationale as per Regulation 8 of the IBC, 2016 (Verification for claims of Financial creditors) (a) Acceptance of the claim is subject to receipt of certain documents /clarifications from the Financial Creditors in relation to interest, penal charges, agreements, contracts etc. The analysis and findings delineated in this report are specifically subject to information received up to 27 th September The same may change subject to any material information received from the creditors affecting the claim amounts. (b) The list of admitted claims of the financial creditors is subject to further verification of related party status of the claimants as per the provisions of the Insolvency & Bankruptcy Code, 2016.
2 2 (c) If any claim amounts undergo changes subsequent to this filing based on the additional information called for during the course of verification. The same would not be treated as negligence on the part of the IRP undertaking this verification process. (d) The analysis and findings delineated in this report are specifically based on documents and information submitted by the creditors (subject to verification of the same). (e) Kakosi Limited is a related party as per the provision of the Insolvency & Bankruptcy Code 2016 and rules and regulation made thereunder. (f) G-Corp Lotus Mall Private Limited is a related party as per the provision of the Insolvency & Bankruptcy Code 2016 and rules and regulation made thereunder.
3 3 LIST OF CLAIMS RECEIVED BY IRP UP TO 27 SEPTMBER 2018 FROM OPERATIONAL CREDITORS EXCEPT WORKMEN AND EMPLOYEES Sr. Name of No. Creditor Address 1 Mahesh Kumar M.P. Compound, Boloor Kathe, Mangalore Hyline #5M-651/1-1, 1st Engineering Floor, 5th Main India Pvt. Ltd. road Banswadi, OMBR Layout, Bengaluru- 3 M/s Omega Elevators 4 Rudra Intexteriors Pvt. Ltd. 5 Yamuna Homes & Designs Pvt. Ltd. 6 Aduro Consultant Pvt. Ltd. 7 Lotus Mall Development and Managements Pvt. Ltd. 8 Lotus India Property Management Pvt. Ltd C, Archana Industrial Estate, Opp. Ajit Mill char rasta, Rakhial, Ahmedabad Unit No. 12, Ground Floor, Meghdoot Tower, Saibaba Nagar, Mira Road, Mumbai /10, Nalapada Building, 1st Floor, Kadri Temple Road, Malikatte, Mangalore Dakshin Kannada Door No. 3-72/2, Unnathi, Gollachil, Derebail, Mangalore Dakshin Kannada Door No /38, Shop NO. 38, 1st Floor, Yenepoya Mall, Kadri Road, Mangalore Dakshin Kannada KA Door No. 40/1A, 6th Floor, Basappa complex, Levelle Claimed Estimated 379, ,292 3,317,887 2,901,206 4,864, ,432 12,794,267 5,033,264 31,913, ,000-22,622,405 12,782,618 6,000,000 6,000,000
4 4 Sr. No. Name of Creditor Address Claimed Estimated Road, Bangalore C-31, A/1 Basement, Kh. No. 394/341/82, Ch. Nathu singh market, 1,393,920 1,274,130 Masoodpur, vasant Kunj, New Delhi B-Wing, 4th floor, Ram Bhavan Complex, 10,247,775 1,503,521 Kodialbail,Mangl Ltd. ore /15, Aradhana, Datt Kripa Layout Urwa Market, 36,080 - sulthanbatteri, Manglore Total 93,869,602 30,617,463 9 Currie & Brown (India) Pvt, Ltd. 10 M/s. Vijaynath Roof & wall Cladding Systems Pvt. 11 Chandana Chethan Nayak Notes/Disclaimer (a) The analysis and findings delineated in this report are specifically subject to information received up to 27 th September The same may change subject to any material information received from the creditors affecting the claim amounts. (b) If any claim amounts undergo changes subsequent to this filing based on the additional information called for during the course of verification. The same would not be treated as negligence on the part of the IRP undertaking this verification process. (c) The analysis and findings delineated in this report are specifically based on documents and information submitted by the creditors (subject to verification of the same).
5 5 LIST OF CLAIMS RECEIVED BY IRP UP TO 27 SEPTMBER 2018 FROM EMPLOYEES & WORKMEN Sr. No. Name of Employee Address Claimed Estimated 1 Ajantha Jayaram Shetty PL-704, 7th Floor Block B, Purva Atria Platina, Geddalahalli, Bangalore North, Bangalore ,091,013 - Total 4,091,013 - Notes/Disclaimers (a) Exchange Rates considered for conversion of claim amount is considered as on 30 th August 2018 being USD/INR , GBP/INR , EURO/INR and YEN/INR (RBI Reference Rate). (b) The list of admitted claims of the operational creditors is subject to further verification of related party status of the claimants as per the provisions of the Insolvency & Bankruptcy Code, (c) The analysis and findings delineated in this report are specifically subject to information received up to 27 th September The same may change subject to any material information received from the creditors affecting the claim amounts. (d) The analysis and findings delineated in this report are specifically based on documents and information submitted by the creditors (subject to verification of the same).
6 6 SECURITY DESCRIPTIONS OF FINANCIAL CREDITORS Bank Name Security Details Term Loan of Rs. 150 crores which was enchanced to Rs. 170 crores Primary Security: 1. Exlusive Charge by way of Equitable Mortgage on the project land. NA land located at Padavu village, Manglore Taluka bearing R.S. No. 127/5 and 194/2, 127/4, 194-2(P), 194-2A1A admeasuring total land area 6.01 acres; 2. Exclusive charge on present and future current assets and fixed assets of the Project (excluding land); 3. Escrow of rentals paid by lessess of the Property would be routed through the account maintained with our Axis Bank Limited bank till company tie up LRD loan. Collateral: 4. Land, Buildings and all immovable properties being portion of the undeveloped industrial converted survey no. 15/2 of Kenchanahalli Village, MO No. BDS in ALN SR 3675, Kengri Hobli, Bangalore, South for 2 acres, undeveloped commercially converted survey no. 15/2 of Kenchanahalli Village, ALN SR (S) 27/ , Kengri Hobli, Bangalore South of extent of 3 acres of 18 guntas, Survey no. 16 of Kenchanahalli Village, Kengri Hobli, Bangalore South of extent of 6.6 guntas, Survey no. 16 of Kenchanahalli Village, Kengri Hobli, Bangalore South of extent of 1 acre 6.4 guntas converted for industrial use vide order no. ALN (S) SR (K): 125/07-08
7 7 Bank Name Security Details 5. Immovable properties located at D. No. 386/1 and 387/1, Atmakuru Village, Mangalagiri Mandal, Guntur admeasuring sq. yards Guarantor: 6. Corporate guarantee of Lotus Three Development Ltd which is holding company of Corporate Debtor; 7. Corporate guarantee of G-Corp Lotus Mall Private Limited (to the extent of the value of property offered as collateral); 8. Corporate guarantee of Lingamaneni Landmarks Developers Private Limited. Short Term Loan of Rs. 55 crores Primary Security: 9. Exlusive Charge by way of Equitable Mortgage on the project land. Total land area is 6.01 acres; 10. Exclusive charge on present and future current assets and fixed assets of the Project (excluding land); 11. Escrow of rentals paid by lessess of the Property would be routed through the account maintained with our bank till company tie up LRD loan.
8 8 Bank Name Security Details Guarantor: 12. Corporate guarantee of Lotus Three Development Ltd which is holding company of Corporate Debtor SUNDARESH BHAT Interim Resolution Professional in the matter of CIRP of Lotus Shopping Centres Private Limited ; Insolvency Professional Entity supporting Interim Resolution Professional: BDO Restructuring Advisory LLP ( Certificate of Recongnition No: IBBI/IPE/0019) Level 9, The Ruby, North West Wing, Senapati Bapat Road, Dadar (W), Mumbai , INDIA IBBI Registration no. IBBI/IPA-001/IP-P00077/ / registered with IBBI: sundaresh55@yahoo.com Address registered with IBBI: BDO India LLP, Level 9, The Ruby, North West Wing, Senapati Bapat Road, Dadar (W), Mumbai , India Mobile No. :
LIST OF CREDITORS 4 CLIX FINANCE INDIA (GE CAPITAL) 11,130,410 10,972,459
5.1 Details of Financial Creditors Claims as on September 29, 2017(#) Claims received from Financial Creditors (FC) as on September 29, 2017 (Insolvency Commencement Date) in respect of BSR Diagnostic
More informationLIST OF CREDITORS 4 CLIX FINANCE INDIA (GE CAPITAL) 11,130,410 10,972,459
Details of Financial Creditors Claims as on September 29, 2017(#) Claims received from Financial Creditors (FC) as on September 29, 2017 (Insolvency Commencement Date) in respect of BSR Diagnostic Limited:
More informationEY Tax Alert. Executive summary. Government of India notifies the entities eligible to issue tax free bonds for financial year
16 August 2013 2013 2013mber EY Tax Alert Government of India notifies the entities eligible to issue tax free bonds for financial year 2013-14 Executive summary Tax Alerts cover significant tax news,
More informationThe Insolvency and Bankruptcy Code, 2016
The Insolvency and Bankruptcy Code, 2016 An overview July 2016 The Insolvency and Bankruptcy Code, 2016 The Insolvency and Bankruptcy Code, 2016 (IBC) was passed by the Parliament on 11 May 2016, received
More informationINSOLVENCY AND BANKRUPTCY MOOT COMPETITION October, New Delhi, INDIA. Moot Proposition 1
INSOLVENCY AND BANKRUPTCY MOOT COMPETITION 2017 28-29 October, New Delhi, INDIA Organized by: - Centre for Transnational Commercial Law National Law University, Delhi. INDIA Supported by: - The Insolvency
More informationWatching the Insolvency and Bankruptcy Code work
Watching the Insolvency and Bankruptcy Code work Finance Research Group IGIDR June 24, 2017 Re-cap: Why IBC? Intended outcome of IBC: Re-cap: Why IBC? Intended outcome of IBC: Change credit market landscape..
More informationDecoding Insolvency & Bankruptcy Code
Decoding Insolvency & Bankruptcy Code Why is the code imperative today? What does it change for the borrowers? Lender inertia during the CIRP would mean liquidation invariably an economically inferior
More informationInsolvency and Bankruptcy Board of India 7 th Floor, Mayur Bhawan, Connaught Place, New Delhi CIRCULAR No. IBBI/IP/013/ th June, 2018
Insolvency and Bankruptcy Board of India 7 th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 CIRCULAR No. IBBI/IP/013/2018 12 th June, 2018 To All Registered Insolvency Professionals All Recognised
More informationBinani Cement Limited
Binani Cement Limited July 11, 2018 Ratings Amount Rating 1 Long term Bank 2,304.27 CARE D; ISSUER (Single D; ISSUER Short term Bank 436.00 ) Total facilities 2,740.27 (Rupees Two Thousand Seven Hundred
More informationCBDT amends rules relating to furnishing information in respect of payments to nonresidents
18 December 2015 EY Tax Alert CBDT amends rules relating to furnishing information in respect of payments to nonresidents Executive summary Tax Alerts cover significant tax news, developments and changes
More informationSEMINAR ON INSOLVENCY & BANKRUPTCY CODE 2016 PRACTICAL ASPECTS FOR BANKERS. On 21 st April 2017 at JN Bose Auditorium, Kolkata
SEMINAR ON INSOLVENCY & BANKRUPTCY CODE 2016 PRACTICAL ASPECTS FOR BANKERS On 21 st April 2017 at JN Bose Auditorium, Kolkata WHY IBC 2016 [CODE] WAS REQUIRED Before this Code, there was no single law
More informationEY Regulatory Alert. Executive summary. ECB Policy- revised framework. 04 December 2015
04 December 2015 EY Regulatory Alert ECB Policy- revised framework Executive summary Regulatory Alerts cover significant regulatory news, developments and changes in legislation that affect Indian businesses.
More informationEY Tax Alert. Executive summary. CBDT notifies ITR Forms for Company/ Firms/ LLP/ Trusts and others. 05 August 2015 October 2014
05 August 2015 October 2014 EY Tax Alert CBDT notifies ITR Forms for Company/ Firms/ LLP/ Trusts and others Executive summary Tax Alerts cover significant tax news, developments and changes in legislation
More informationQuestion 3 Role of insolvency professional in framing the resolution plan?
Question 1 Does liquidator take physical charge of assets? Answer: As per section 36 of IBC 2016 the liquidator shall hold the liquidation estate as fiduciary for the benefit of all the creditors. During
More informationPRESENTATION ON CORPORATE FAST TRACK INSOLVENCY RESOLUTION PROCESS FOR WIRC of Institute of Company Secretaries of India
PRESENTATION ON CORPORATE FAST TRACK INSOLVENCY RESOLUTION PROCESS FOR WIRC of Institute of Company Secretaries of India 18.07.2017 BY C S A SEKAR WHY FAST TRACK LOW RANKING IN EAST OF DOING BUSINESS As
More informationEY Alert. Executive summary
29 May 2013 2013mber 2012 EY Alert Clarifications provided by SEBI on circular prohibiting framing of employee benefit schemes involving acquisition of shares from the secondary market Executive summary
More informationEY Tax Alert. Executive summary. CBDT modifies returns forms for tax year May mber 2012
7 May 2013 2013mber 2012 EY Tax Alert CBDT modifies returns forms for tax year 2012-13 Executive summary Tax Alerts cover significant tax news, developments and changes in legislation that affect Indian
More informationCBDT releases fifth round of FAQs on Income Declaration Scheme, 2016
19 August 2016 EY Tax Alert CBDT releases fifth round of FAQs on Income Declaration Scheme, 2016 Executive summary Tax Alerts cover significant tax news, developments and changes in legislation that affect
More informationMack Soft Tech Pvt. Ltd.
Mack Soft Tech Pvt. Ltd. List o f Claim s fro m O p e ra tio n a l C re d itors (Form B) as on 11th A ugust, 2017 U p d a te d t ill 6 th M a rch, 2018 Sr. N o. N a m e o f th e c re d ito r A d d re s
More informationEY India Real Estate EY s point of view on Amended Foreign Direct Investment (FDI) Policy on Construction Development Sector
16 vember 2015 EY India Real Estate EY s point of view on Amended Foreign Direct Investment (FDI) Policy on Construction Development Sector Q.1 When will be the proposed changes to the FDI Policy in construction
More informationAssotech Realty Private Limited
Assotech Realty Private Limited March 21, 2017 Ratings Facilities Amount Rating 1 Long-term Bank Facilities 35 CARE BB; ISSUER NOT COOPERATING (Double B; ISSUER NOT COOPERATING) Total 35 (Rupees Thirty
More informationEY India Defence EY s point of view on amended Foreign Direct Investment (FDI) Policy on Defence Sector
24 June 2016 EY India Defence EY s point of view on amended Foreign Direct Investment (FDI) Policy on Defence Sector Further to the FDI policy reforms in a number of sectors (including defence) as introduced
More informationInsolvency and Bankruptcy Code, 2016
Insolvency and Bankruptcy Code, 2016 Table of Content 1 Background 2 Insolvency and Bankruptcy Ecosystem 3 Salient features of the Insolvency and Bankruptcy Code 4 Corporate Insolvency Resolution Process
More informationECOWRAP MODERN DAY DAVID (NCLT) VS. GOLIATH (ACTIVE COMPANIES) SAGA SBI ECOWRAP
ECOWRAP MARCH 19, 2018 ISSUE NO: 79, FY18 MODERN DAY DAVID (NCLT) VS. GOLIATH (ACTIVE COMPANIES) SAGA The Central Government has constituted National Company Law Tribunal (NCLT) w.e.f. 01st June 2016.
More informationInsolvency & Bankruptcy Code, 2016 Presented by CA. Avil Menezes on
LIQUIDATION PROCESS Insolvency & Bankruptcy Code, 2016 Presented by CA. Avil Menezes on 07.06.2017 Presentation Flow Liquidation Order Appointment of Liquidator Powers & Duties of Liquidator Public Notice
More informationIBC: A PROGRESS REPORT
IBC: A PROGRESS REPORT LONG TITLE: OBJECTIVES Maximisation of Value of Assets Promote Entrepreneurship Promote Availability of Credit Balance the interests of all the Stakeholders Oversight and Facilitation
More informationGlobal Business Tax Alert Sharp Insights. Issue no: GBTA/10/2018. In this issue:
India Tax & Regulatory For private circulation only 9 May 2018 p Global Business Tax Alert Sharp Insights In HCL Technologies Ltd, Supreme Court explains that total turnover for purpose of section 10A,
More informationINSOLVENCY PROFESSIONAL
PRESENTATION ON SCOPE FOR INSOLVENCY PROFESSIONAL CA Bhawani Shankar Rathi +91 9867751705 bs_rathi@sumedhafiscal.com BACKGROUND 2 Background» Banks in India are going through unprecedented times with stressed
More informationBrookefield Real Estates and Projects Private Limited November 05, 2018
Ratings Long term Bank Total 860.0 (Rs. Eight Hundred Sixty Crores Only) Details of instruments/facilities in Annexure-1 Detailed Rationale & Key Rating Drivers Brookefield Real Estates and Projects Private
More informationCentral Bank of India
Central Bank of India May 25, 2018 Ratings Facilities/Instruments Amount Rating 1 Rating Action Lower Tier II Bond Series XIII - - Withdrawn Details of instruments/facilities in Annexure-1 Detailed Rationale,
More informationEY Tax Alert. Executive summary
23 July EY Tax Alert Government issues Notifications to restrict benefit in respect of CVD exemption for certain goods under exemption notifications, to domestic manufacturers Executive summary Tax Alerts
More informationIndian Administration issues draft Exit Tax Rules for charitable organisations; invites comments from stakeholders
26 October 2016 EY Tax Alert Indian Administration issues draft Exit Tax Rules for charitable organisations; invites comments from stakeholders Executive summary Tax Alerts cover significant tax news,
More informationThe Indian Insolvency and Bankruptcy Regime
The Indian Insolvency and Bankruptcy Regime www.elplaw.in /elplaw.in /ELPIndia /company/economic-laws-practice 0 P a g e BACKGROUND The Government has been looking to take adequate action to improve the
More informationInsolvency Professionals to act as Interim Resolution Professionals or Liquidators (Recommendation) Guidelines, 2018
Insolvency Professionals to act as Interim Resolution Professionals or Liquidators (Recommendation) Guidelines, 2018 Provisions in the Insolvency and Bankruptcy Code, 2016 31 st May, 2018 1. Section 16(3)(a)
More informationAmendments to the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, Executive summary
23 September 2013 August 2013 EY Regulatory Alert Amendments to the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012 Executive summary Regulatory Alerts cover significant
More informationSoftware Technology Parks of India
Software Technology Parks of India 6th UAC Meet IT / ITES SEZ Karnataka Jurisdiction AGENDA 10 th August 2009 at 10.00 am. Venue Board Room, Software Technology Parks of India 76, 77, 6 th Floor, Cyber
More informationTHE NATIONAL COMPANY LAW TRIBUNAL CHANDIGARH BENCH, CHANDIGARH
1 In the matter of: THE NATIONAL COMPANY LAW TRIBUNAL CHANDIGARH BENCH, CHANDIGARH Under Section 7 of Insolvency and Bankruptcy Code, 2016 State Bank of India, having its registered office at State Bank
More informationEY PAS Alert. Executive summary. Press release dated 27 February
17 April 2018 EY PAS Alert Recent Provident Fund updates PAS Alerts cover significant tax and regulatory changes that affect Indian businesses. Our PAS alert is a summary of technical developments intended
More informationRegulatory Alert Stay Ahead
India Tax & Regulatory For private circulation only 26 March 2018 p Regulatory Alert Stay Ahead RBI notifies provisions relating to cross border mergers, amalgamations and arrangements Issue no: RA/06/2018
More informationBansal Construction Works
Bansal Construction Works January 23, 2017 Ratings Facilities Long Term Bank Facilities Long Term / Short Term Bank Facilities Amount 12.00 8.00 Ratings 1 CARE BBB; Stable (Triple B; Outlook: Stable) CARE
More informationINSOLVENCY PROFESSIONAL
PRESENTATION ON SCOPE FOR INSOLVENCY PROFESSIONAL CA Bhawani Shankar Rathi +91 9867751705 bs_rathi@sumedhafiscal.com BACKGROUND 2 Background» Banks in India are going through unprecedented times with stressed
More informationThe Insolvency and Bankruptcy Code, 2016 (IBC)
ERSTWHILE LEGISLATIVE FRAMEWORK: Chapter XIX & Chapter XX of Companies Act, 2013 Part VIA, Part VII & Section 391 of Companies Act, 1956 RDDBFI Act, 1993 SARFAESI Act, 2002 SICA Act, 1985 ( Now Repealed)
More informationInsolvency and Bankruptcy Board of India
Insolvency and Bankruptcy Board of India Discussion Paper 1 st April, 2018 Regulation of fee payable to insolvency professionals and other process costs under Corporate Insolvency Resolution Process The
More informationGlobal Offshore Services Limited
Ratings Facilities/Instruments Term Loan Fund Based Limits LT/ST Bank Facilities Non- Fund based Limits Long term Bank Facilities Term Loan UBI # FB Limits UBI LT/ST Bank Facilities NFB Limits- UBI Global
More informationEXPECTED CREDIT LOSSES - SIMPLIFIED -
EXPECTED CREDIT LOSSES - SIMPLIFIED - CONTENTS Topic Page No. Context 3 What is ECL 3 Applicability 3 What was the need of a new credit impaired model Overview of the new impairment model Determining significant
More informationTHE NATIONAL STOCK EXCHANGE OF INDIA LIMITED Exchange Plaza, 5th Floor, Plot No. C/1, G Block Bandra-Kurla Complex, Sandra (East) Mumbai
GlaxoSmithKline Pharmaceuticals Ltd. GSK House, Dr. Annie Besant Road, Worli, Mumbai - 400 030 Tel No: +9 I 22 2495 9595 Fax No: +91 22 2495 9494 Web: www.gsk-india.com Email: askus@gsk.com 24th July,
More informationG.D. Goenka Private Limited
Ratings Long term Bank Short term Bank Total 108.20 (Rs. One hundred and eight crore and twenty lakh only) Details of instruments/facilities in Annexure-1 G.D. Goenka Private Limited January 11, 2018 Amount
More informationCBDT introduces form for employee investment declarations and extends due date for quarterly withholding statements
4 May 2016 EY Tax Alert CBDT introduces form for employee investment declarations and extends due date for quarterly withholding statements Executive summary Tax Alerts cover significant tax news, developments
More informationTime Value of Money & When to Start Investing
Time Value of Money & When to Start Investing An Investor Education & Awareness Initiative By Franklin Templeton Mutual Fund The dream home... which was worth Rs 50 lac few years ago costs Rs 1 crore today.
More informationEY Tax Alert. Executive summary
10 October 2014 EY Tax Alert CBDT Circular on threshold limit for transfer of technical manpower to new SEZ unit for availing profit-linked deduction Executive summary Tax Alerts cover significant tax
More informationMoF issues Notifications and Circular for services relating to transportation of goods by vessel
19 April EY Tax Alert MoF issues Notifications and Circular for services relating to transportation of goods by vessel Executive summary Tax Alerts cover significant tax news, developments and changes
More informationEY Tax Alert. Executive summary
3 June 2014 EY Tax Alert CESTAT rules non-compete fee and trademarks licence fee shall be included while determining the assessable value of the goods, under Central Excise Executive summary Tax Alerts
More informationDIGEST OF REGULATORY UPDATES. This is our series of knowledge sharing initiatives towards sharing regulatory updates on Corporate Laws.
Friday, July 13, 2018 Change is the law of life. And those who look only to the past or present are certain to miss the future. Keeping up to date with legislation can be time consuming, and legislation
More informationPage 1. Insolvency and Bankruptcy Code 2016 And Regulations
Page 1 Insolvency and Bankruptcy Code 2016 And Regulations Objective of the Code The objective of this Code as stated in the preamble to the Code is to consolidate and amend the laws relating to reorganization
More informationLaxmi Diamond Private Limited
Ratings Facilities Long-term Bank Facilities Short-term Bank Facilities Laxmi Diamond Private Limited March 10, 2017 Amount Rating 1 890.85 CARE BBB+/CARE A2; ISSUER NOT (Triple B Plus/A Two; ISSUER NOT
More informationSecurities and Exchange Board of India notifies regulations for Share Based Employee Benefits
31 October 2014 EY Regulatory Alert Securities and Exchange Board of India notifies regulations for Share Based Employee Benefits Executive Summary Regulatory Alerts cover significant regulatory news,
More informationMergers and Acquisition Alert Stay Ahead. Issue no: M&A/02/2018. In this issue:
India Tax & Regulatory For private circulation only 11 May 2018 Mergers and Acquisition Alert Stay Ahead Transfer of a capital asset to a step-down wholly-owned subsidiary not taxable under section 47(iv),
More informationEY Regulatory Alert. Executive summary. SEBI releases Discussion Paper on review of framework for Institutional Trading
5 August 2016 EY Regulatory Alert SEBI releases Discussion Paper on review of framework for Institutional Trading Platform for inviting comments from public on the changes proposed Executive summary Regulatory
More informationGlobal Employer Services Alert Harmonizing global & local perspectives
India Tax & Regulatory For private circulation only 27 April 2018 Global Employer Services Alert Harmonizing global & local perspectives Allowance paid to employees deputed abroad for meeting personal
More informationMAHARASHTRA ELECTRICITY REGULATORY COMMISSION
MAHARASHTRA ELECTRICITY REGULATORY COMMISSION Maharashtra Electricity Regulatory Commission (Specific Conditions of Distribution Licence applicable to M/s. KRC Infrastructure and Projects Pvt. Ltd. for
More informationPUBLIC / % 7.35% 7.50% 7.50% 7.50% ` 10,740/- ` 11,145/- ` 11,578/- ` 12,458/- ` 14,423/-
PUBLIC / 241 31.01.2017 21 7.30% 7.35% 7.50% 7.50% 7.50% ` 10,730/- ` 11,130/- ` 11,556/- ` 12,423/- ` 14,356/- 7.40% 7.45% ` 10,740/- ` 11,145/- ` 11,578/- ` 12,458/- ` 14,423/- 7.55% 7.75% 7.75% 7.75%
More informationGlobal Business Tax Alert Sharp Insights
India Tax & Regulatory For private circulation only 23 March 2018 p Global Business Tax Alert Sharp Insights In Maxopp Investment case, Supreme Court holds that expenditure incurred for acquiring strategic
More informationOperational, prudential and reporting norms for Alternative Investment Funds. Executive summary
1 August 2013 EY Regulatory Alert Operational, prudential and reporting norms for Alternative Investment Funds Executive summary This Regulatory Alert summarizes the operational, prudential and reporting
More informationKripa Telecom. March 23, Rating 1. CARE A4; ISSUER NOT COOPERATING* (A four)
Ratings Facilities Amount Long term Bank Facilities 3 Short-term Bank Facilities 6 Total 9 (Rupees Nine crore only) Details of instruments/facilities in Annexure-1 Detailed Rationale & Key Rating Drivers
More informationSub.: Statement of Unaudited Financial Results for the half-year ended September 30, 2017
ReLIANCe BSE Limited 1 51 Floor, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 BSE Scrip Code: 956340 October 31, 2017 Dear Sir I Madam, Sub.: Statement of Unaudited Financial Results for the
More informationHimadri. Ref. No: HSCL / Stock-Ex/ /90 Date: 12 November
Himadri Ref. No: HSCL / Stock-Ex/2018-19/90 E-mail: blsharma@himadri.com To, BSE Limited Corporate Relationship Department P.J. Towers, Dalai Street, Mumbai- 400 001 Dear Sir, Sub: Submission of Standalone
More informationSunil Hitech Engineers Ltd.
Sunil Hitech Engineers Ltd. April 20, 2018 Ratings Facilities Long-term Bank Facilities (TL) Long-term Bank Facilities (CC) Short-term Bank Facilities Long/Short Term Bank Facilities Amount (Rs. crore)
More informationPUBLIC / % 7.85% 7.90% 7.95% 7.95% ` 10,795/- ` 11,224/- ` 11,664/- ` 12,615/- ` 14,727/-
PUBLIC / 241 05.11.2016 21 7.85% 7.85% 7.90% ` 10,785/- ` 11,208/- ` 11,642/- ` 12,580/- ` 14,659/- 8.00% 8.05% 8.05% ` 10,795/- ` 11,224/- ` 11,664/- ` 12,615/- ` 14,727/- 8.10% 8.10% 8.15% 8.20% 8.20%
More informationEmaar MGF Land Limited
Emaar MGF Land Limited January 23, 2017 Ratings S.No Facilities Amount 1 Long-term Bank Facilities 205 (reduced from 320) Total Facilities 205 (Rupees Two Hundred Five crore only) 2 Non-convertible Debenture
More informationGuidance Note on FATCA and CRS dated 30 November Key clarifications
7 December 2016 EY Tax Alert Guidance Note on FATCA and CRS dated 30 November 2016 - Key clarifications Executive summary Tax Alerts cover significant tax news, developments and changes in legislation
More informationSHIVA INDUSTRIAL SECURITY AGENCY (GUJARAT) PRIVATE LIMITED JANUARY 19, 2017
SHIVA INDUSTRIAL SECURITY AGENCY (GUJARAT) PRIVATE LIMITED JANUARY 19, 2017 Ratings Facilities Amount Long-term Bank Facilities 12.69 Short-term Bank Facilities 1.00 13.69 Total (Rupees Thirteen crore
More informationPress Release. publications.
Rajaramsevak Multipurpose Cold Storage Private Limited March 26, 2018 Ratings Facilities Amount (Rs. crore) Rating 1 Rating Action Long term Bank Facilities 12.94 Short term Bank Facilities 0.20 Total
More informationMONNET POWER COMPANY LIMITED List of Creditors (Version 1: Pursuant to claims received and updated as on )
MONNET POWER COMPANY LIMITED List of Creditors (Version 1: Pursuant to claims received and updated as on 11.04.2018) Sl. No. Category of Creditor Amount Claimed (in INR) Amounts of Claims admitted (in
More informationGanapati Builders Limited
Ratings Facilities Ganapati Builders Limited Amount Long term Bank Facilities 8.00 Total December 18, 2017 8.00 (Rupees Eight crore only) Rating 1 CARE B+; Stable (Single B Plus ; Outlook: Stable) Rating
More informationEY Tax Alert. Executive summary
19 August 2015 EY Tax Alert Delhi Tribunal (Larger Bench) rules that interchange fees and merchant establishment discounts earned in respect of credit card transactions not subject to Service tax prior
More informationEY Tax Alert. Executive summary
5 January 2018 EY Tax Alert Mumbai Tribunal rules stamp duty value cannot be deemed as consideration while computing capital gains arising on contribution of land by a partner to the partnership firm which
More informationEY Tax Alert. Executive summary
16 March 2016 EY Tax Alert CESTAT allows credit of Service tax on transportation, treating the place where property in goods is transferred in terms of Sale of Goods Act - as Place of removal Executive
More informationRHC Holding Private Limited
Ratings Facilities Non- Debenture issue@ Non- issue Debenture Commercial Paper (CP) issue/ Short-term Non- Debenture (NCDs) RHC Holding Private Limited Amount (Rs. crore) 500 (Rupees Five Hundred crore
More informationEY Tax Alert. Executive summary. Kolkata Tribunal rules on taxability of online advertisement revenues. 18 April mber 2012
18 April 2013 2013mber 2012 EY Tax Alert Kolkata Tribunal rules on taxability of online advertisement revenues Executive summary Tax Alerts cover significant tax news, developments and changes in legislation
More informationGreenko Energies Private Limited
Greenko Energies Private Limited January 11, 2017 Ratings Amount Long-term Bank 841.00 (enhanced from 109.38) Long-term/Short-term Bank Total 941.00 (Rupees Nine hundred and forty one crore only) Details
More informationEY Tax Alert. Supreme Court reaffirms constitutional validity of Aadhaar PAN linking requirement. Executive summary
27 September 2018 EY Tax Alert Supreme Court reaffirms constitutional validity of Aadhaar PAN linking requirement Tax Alerts cover significant tax news, developments and changes in legislation that affect
More informationNOTICE OF FIRST MEETING OF COMMITTEE OF CREDITORS SEVENHILLS HEALTHCARE PRIVATE LIMITED. (Under Corporate Insolvency Resolution Process)
NOTICE OF FIRST MEETING OF COMMITTEE OF CREDITORS OF SEVENHILLS HEALTHCARE PRIVATE LIMITED (Under Corporate Insolvency Resolution Process) (CIN: U85110AP2004PTC043050) Day & Date: 12th April 2018 Time:
More informationVol: May 08, May 14, 2017
Vol: May 08, 2017- May 14, 2017 Page 1 of 10 WEEKLY BENCH-WISE HOLIDAY LIST Date Occasion/Festival Bench 1 st May 17 to 30 th May 17 1 st May 17 to 29 th May 17 1 st May 17 to 30 th May 17 4 th May 17
More informationICICI Prudential Capital Protection Oriented Fund III-XII. July 26, 2017
IIIXII July 26, 2017 Ratings Facilities/Instruments Scheme Type Ratings 1 Remarks III Plan B, E, G and H IV Plan A, C, D, F and G V Plan A and C V Plan B, DF* VI Plan AH VII Plan AH VIII Plan AJ IX Plan
More informationIndicator: Resolving Insolvency
Indicator: Resolving Insolvency S. Reform Implemented No. 1 Operationalization of the Insolvency and Bankruptcy Code. 2 Eleven benches of the NCLT, 977 insolvency professionals, 3 IPAs and 2 IPEs are in
More informationFAQs on Submission of Claims under Resolution
FAQs on Submission of Claims under Resolution 09.11.2017 By Resolution Team, Vinod Kothari & Company resolution@vinodkothari.com Disclaimer: The FAQs below and their responses are our attempt to help potential
More informationPUBLIC / ` 10,800/- ` 11,232/- ` 11,686/- ` 12,650/- ` 14,864/- 8.00% 8.00% 8.10% 8.15% 8.25%
PUBLIC / 245 01.08.2016 20 8.00% 8.00% 8.10% 8.15% ` 10,800/- ` 11,232/- ` 11,686/- ` 12,650/- ` 14,864/- 8.10% 8.10% 8.20% 8.35% ` 10,810/- ` 11,248/- ` 11,707/- ` 12,685/- ` 14,933/- 8.35% 8.40% 8.50%
More informationRaipur Power and Steel Limited August 21, 2018
Ratings Long term Bank Short term Bank Total 354.65 (Rupees Three hundred fifty four crore and sixty five lakhs only) Details of instruments/facilities in Annexure-1 Raipur Power and Steel Limited August
More informationNew Delhi Municipal Council
New Delhi Municipal Council June 30, 2017 Facilities Amount 1 Issuer Rating* - CARE AA+(Is); [Double A Plus; Outlook: ] Proposed Bonds 200 CARE AA +; [Double A Plus; Outlook: ] Total 200 (Rs. Two hundred
More informationPanchshil Infrastructure Holdings Private Limited
Panchshil Infrastructure Holdings Private Limited Ratings Facilities Amount Longterm Bank Facilities 113..15 Shortterm Bank Facilities 2.00 Total Facilities Details of facilities in Annexure1 115.15 (Rs.
More informationHDFC Bank Ltd. May 8, 2017
HDFC Bank Ltd. May 8, 2017 Rating Facilities/Instruments Amount (Rs. crore) Rating 1 Rating Action Certificate of Deposits 40,000 (enhanced from 25,000) CARE A1+ (A One Plus) Reaffirmed Additional Tier
More informationIN THE NATIONAL COMPANY LAW APPELLATE TRIBUNAL. Company Appeal (AT) (Insolvency) No. 485 of 2018
IN THE NATIONAL COMPANY LAW APPELLATE TRIBUNAL [arising out of Order dated 6 th July, 2018 by National Company Law Tribunal, Chandigarh Bench in C.P (IB) No. 35/CHD/HP/2018] IN THE MATTER OF : Lalan Kumar
More informationEY Tax Alert. Executive summary. Amendments in the Foreign Trade Policy April 2013
19 April 2013 EY Tax Alert Amendments in the Foreign Trade Policy 2009-14 Executive summary Tax Alerts cover significant tax news, developments and changes in legislation that affect Indian businesses.
More informationEY Alert. Kerala High Court quashes 2014 notification amending the Employees Pension Scheme, 1995
31 December 2018 EY Alert Kerala High Court quashes 2014 notification amending the Employees Pension Scheme, 1995 Tax Alerts cover significant tax news, developments and changes in legislation that affect
More informationC.M.Builds Private Limited November 03, 2017
Rating Facilities Long-term Bank Facilities C.M.Builds Private Limited November 03, 2017 Amount 10 Total Facilities (Rupees Ten crore only) Details of instruments/facilities in Annexure-1 10 Rating 1 CARE
More informationEY Tax Alert. Executive summary. CBDT sets up a Committee to deal with retroactive indirect transfer taxation. 1 September 2014
1 September 2014 EY Tax Alert CBDT sets up a Committee to deal with retroactive indirect transfer taxation Executive summary Tax Alerts cover significant tax news, developments and changes in legislation
More informationEY Tax Alert. Executive summary
18 March 2014 EY Tax Alert Mumbai ITAT rules on taxability of allotment of additional shares to existing shareholders under the Gift Tax provision Executive summary Tax Alerts cover significant tax news,
More informationReserve Bank of India releases final guidelines for on tap licensing of Universal Banks in the private sector
5 August 2016 EY Regulatory Alert Reserve Bank of India releases final guidelines for on tap licensing of Universal Banks in the private sector Executive summary In 2013, the Reserve Bank of India (RBI)
More informationEY Tax Alert. Executive summary
25 January 2016 EY Tax Alert AAR rules that transfer of shares of Indian subsidiary by a Mauritius company to a Singapore group entity is not a tax avoidant transaction Executive summary Tax Alerts cover
More informationServices in MSME Segment
Services in MSME Segment Committed to Assist SMALL business to grow BIG CARE Ratings' products assist MSMEs for Fund Raising: Equity and Debt Availing Favourable Credit Terms Reduce Transaction Costs Self
More information