List of Operational Creditors as on May 18, 2018: Sr. No. Name of Operational Creditor Estimated Amount 1 Oncquest Laboratories Ltd. 16,88,799 16,88,799 2 Narendra Kumar Taunk (HUF) 2,68,316 1,68,763 3 Wipro GE Health Care Private Limited 30,37,694 30,37,694 4 Syma Medical & Dental Surgical 4,38,881 4,33,143 5 Pathcare labs private limited 14,07,479 8,75,387 6 Sangeeta Agarwal 10,00,000 8,32,096 7 P.N.Agarwal 10,00,000 8,21,051 8 Scientific Traders 42,45,515 41,66,036 9 M/S Medicine Corner 1,00,00,000 1,00,00,000 10 M/S Chemex 6,17,065 6,17,065 11 M/S Kena Marketing Pvt.Ltd. 47,734 47,734 12 Shree Bhan Ganga Services 7566376286 26,458 26,458 13 Little moon security services 18,830 18,830 14 Prabhat Telesolutions LLP 4,01,190 4,01,190 15 Swamishree Trading 7,13,067 7,13,067 16 Rajeev Bhalla 1,01,156 85,869 17 Sai Secuirty Services 63,796 63,796 18 Bajrang Traders 1,88,200 1,88,200 19 Batra Deepak & Associates 11,41,797 11,41,797 20 Ashok Kumar Padhy 3,82,024 3,16,665 21 Philips India Limited 1,01,50,404 1,01,50,404 22 Rupesh Kumar Namdev 6,04,048 5,72,148 23 Vijay Jha 3,80,625 3,15,498 24 Dr. Neeraja Jain sudhakar 2,81,161 2,81,161 25 Dr. Raj Kumar Damle 2,05,930 1,95,598 26 Bhilai stationeary store 1,21,139 1,21,139 27 Lab Solutions 1,82,558 1,82,558 28 Shanti Computers 40,886 40,886 29 R M Traders 9823044183 / 7028217433 3,02,962 3,02,962 30 Tripda Marketing 1,23,550 1,23,550 31 M/s Shree Madan Construction 63,66,882 63,66,882 32 Titu Nayak 6,49,142 5,04,108 33 Carestream Health India Pvt. Ltd. 32,12,721 32,12,721 34 Niranjan Ultrosound lndid Pvt Ltd 43,000 43,000 35 Regional Provident Fund 1,33,77,745 1,33,77,745 Commissioner,Raipur(C.G.) 36 Mr. Nilay Kishor Jaiswal 2,87,215 1,33,339 37 Mrs. Pratyusharani Pati 6,41,869 2,55,803 38 VKR Diagnostics and Healthcare Private Limited 36,16,550 36,16,550
Sr. No. Name of Operational Creditor Estimated Amount 39 VKR Diagnostics and Healthcare Private Limited 11,75,00,000 11,75,00,000 40 Dr. Pradeep Kumar Tripathi 10,00,000 10,00,000 41 Adinath Electricals 1,05,830 1,05,830 42 Santosh Kumar Singh (Ex-Man Security Service) 75,920 75,920 43 Glorian Publications 1,49,948 1,49,948 44 Rahul Singh 1,46,072 1,14,908 45 Dr. Avinaba Banerjee 1,65,000 1,60,200 46 Dr. R.R. Singh 3,60,000 2,83,680 47 Dr. Manohar Premlalji Pashine 4,40,520 2,92,310 48 Dr. Archana Jay Kumar 2,61,000 2,36,000 49 Dr. Arindam Bhandari 9,89,386 4,29,259 50 Shafiqua Qureshi 86,293 43,099 51 Dr. Samir Kathale 50,759 50,759 52 M/S Balaji Builders and Developers 9437054912 48,39,786 46,60,346 53 R.A.Enterprises 5,20,978 5,00,565 Total 19,40,67,880 19,10,42,516 Legends for amount admitted Exchange Rates considered for conversion of claim amount is considered as on September 29, 2017 being USD/INR 65.3552, GBP/INR 87.7067, EURO/INR 77.0603 and YEN/INR 58.0300 (RBI Reference Rate). 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, 2016. *Amount admitted is amount claimed by creditor, however balance appearing in the GL is less than the amount claimed and is subject to verification. Claims from other five creditors (i.e. Mangla Naidu, Vinod Medical Systems Pvt. Ltd., Kailash Raj Gulati, Abdul Ayyub Qureshi, Axess Medicom Pvt. Ltd.) amounting to Rs. 19.31 lacs (Approx.) are under determination and the respective operational creditors have been requested to submit relevant documents ascertaining the claims. 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. The analysis of claims contained in this report are based on the completeness and accuracy of the information provided by the Creditor. The analysis and findings delineated in this report are specifically based on documents and information submitted by the creditors (subject to further verification of the same).
List of Employees / Workmen Claims as on May 18, 2018: Sr. No Name of Operational Creditor as given in Claim Form Admitted Claim 1 M.V. Mahendra Reddy 241,179.00 241,179.00 2 Valluri Tirumala Devi 294,666.00 294,666.00 3 Valluri Ravi 377,700.00 377,700.00 4 Shankar Tiwari 19,565.00 19,565.00 5 Manish Khanduja 676,000.00 676,000.00 6 Santosh Khanduja 550,000.00 550,000.00 7 Atanu Samant 31,799.00 31,799.00 8 Vinod Panigrahi 27,674.00 27,674.00 9 MONIKA SINGH 13,426.00 13,426.00 10 AVINASH NAIDU 284,428.00 284,428.00 11 RANJANA SHRIVASTAVA 19,235.00 18,557.00 12 RANJNI SONWANI 3,600.00 3,600.00 13 UMESH KUMAR SINGH 29,333.00 29,333.00 14 SEEMA 2,700.00 2,700.00 15 PRESHAK LAL TANDON 137,435.00 137,435.00 16 RAJESH KUMAR GAYKWAD 7,195.00 7,195.00 17 GAJENDRA PRASAD MAHOBIA 25,177.00 25,177.00 18 SUBHASH CHANDRA SHARMA 76,735.00 76,735.00 19 SANTOSH KUMAR 5,959.00 5,959.00 20 SANTOSH KUMAR KANOUJE 124,199.00 124,199.00 21 VIJAY PRATAP SINGH 97,187.00 97,187.00 22 KAMLA SINGH 61,510.00 12,760.00 23 SANJAY KUMAR GUPTA 6,480.00 6,480.00 24 SHRIDHAR NAG 52,426.00 52,426.00 25 HEMANT KUMAR DESHMUKH 9,808.00 9,808.00 26 DHEERAJ KUMAR 9,476.00 9,476.00 27 ARUN KUMAR BARLE 6,922.00 6,922.00 28 HEERA LAL YADAV 74,943.00 64,943.00 29 SURYAKANT BEDARKAR 40,000.00 40,000.00 30 PALLAVI GURNANI 30,000.00 30,000.00 31 DHANESHWARI YADAV 5,761.00 5,761.00 32 Y RAVI KUMAR 39,858.00 39,858.00 33 Y SWATI 95,500.00 95,500.00 34 PRAYAG DARWAI 273,070.00 273,070.00 35 SARVJEET SINGH 49,665.00 49,665.00 36 TOKESHWAR SAHU 55,044.00 36,394.00 37 ARTI GAJBHYE 10,516.00 10,516.00 38 NASIM AKHATAR 15,000.00 15,000.00 39 SANA ASRAF 7,196.00 7,196.00 40 TRILOK SINGH THAKUR 17,644.00 17,644.00 41 NEHA SAHU 7,644.00 7,644.00
Sr. No Name of Operational Creditor as given in Claim Form Admitted Claim 42 AMIT RAUDKAR 6,709.00 6,709.00 43 KAPIL UPPAL 533,275.00 533,275.00 44 SANDIP BHATIYA 420,764.00 420,764.00 45 RAJESH SINHA 38,317.00 37,824.00 46 PREETI MESHRAM 5,756.00 5,756.00 47 SUNIL KUMAR VERMA 4,833.00 4,833.00 48 SUDHIL KUMAR PILLAI 349,557.00 349,557.00 49 ARUNA BORKAR 357,442.00 357,442.00 50 NITIN BORKAR 164,646.00 164,646.00 51 KAVITA SHRIRANGE 9,255.00 9,255.00 52 RAVISH KHANNA 906,092.00 906,092.00 53 SAJI KUMAR OOMMEN 38,852.00 38,852.00 54 RATNESH BEDEKAR 38,558.00 38,558.00 55 DIGESHWAR VERMA 15,403.00 15,403.00 56 VINOD KUMAR DONGRE 24,250.00 24,250.00 57 RANJEET KUMAR SAHU 26,169.00 26,169.00 58 ARUN KUAMR NISHAD 33,164.00 33,164.00 59 AJAY KALEY 19,535.00 19,535.00 60 SNEHLATA PRAJAPATI 24,618.00 24,618.00 61 DR. ATANU KUMAR BAL 544,500.00 541,950.00 62 DR. PRASANTA KUMAR NAYAK 80,000.00 62,000.00 63 NIHAR RANJAN PARIDA 110,000.00 100,000.00 64 ITUSHREE RANI RATH 17,684.00 17,684.00 65 DEVI PRASAD RATH 45,608.00 45,608.00 66 SISIRA KANTA PATTNAIK 35,976.00 35,976.00 67 B KIRAN KUMAR 31,619.00 31,619.00 68 BHABANI SANKAR MISHRA 9,885.00 9,885.00 69 SUMITRA ROUT 5,404.00 5,404.00 70 MURALI NAYAK 11,070.00 11,070.00 71 POONAM KUMARI MAHANT 4,307.00 4,307.00 72 KAMLESH KUMAR RATHORE 9,330.00 9,330.00 73 SATISH KUMAR KEWAT 8,139.00 8,139.00 74 LOKESH KUMAR YADAV 21,740.00 12,740.00 75 MD JAWED HUSAIN 7,700.00 7,700.00 76 SATYANARAYAN 7,933.00 7,933.00 77 RAJKUMAR PATEL 5,753.00 5,753.00 78 TARKESHWAR TRIPATHI 6,444.00 6,444.00 79 SARITA KARSH 6,351.00 6,351.00 80 ANKIT TOPPO 26,724.00 26,724.00 81 SATISH KUMAR PATEL 13,270.00 13,270.00 82 SHAYAMA SARATHI 4,400.00 4,400.00 83 JAGRIT RAM SAHU 53,884.00 53,884.00 84 VINOD KUMAR LOKHANDE 12,625.00 12,625.00
Sr. No Name of Operational Creditor as given in Claim Form Admitted Claim 85 DAVID 6,715.00 6,715.00 86 DILIP KUMAR BANERJEE 9,711.00 9,711.00 87 BABY KARUNA 5,000.00 4,667.00 88 ANIL BABY 9,434.00 9,434.00 89 ANIL KUMAR 11,037.00 11,037.00 90 RITU VERMA 5,611.00 5,611.00 91 PRATOSH MATHUR 100,000.00 63,667.00 92 KHILESHWAR PRASAD SAHU 16,015.00 16,015.00 93 DR. JYOTI RANJAN PUTHAL 323,404.00 323,404.00 94 NILESH KUMAR SAHU 25,470.00 25,470.00 95 PUSHPA JANGHEL 21,470.00 21,470.00 96 LAKESH KUMAR DEWANGAN 22,000.00 22,000.00 97 TRIVENDRA KUMAR CHAKRADHAR 22,617.00 22,617.00 98 JAYKESH PALIWAR 43,305.00 43,305.00 99 SANTOSH MAHORE 9,805.00 9,805.00 100 KISHORE KANOJIYE 15,458.00 15,458.00 101 PHULESHWAR DONGRE 15,604.00 15,604.00 102 DR. BHANU PRATAP THAKUR 454,842.00 454,842.00 103 RAJENDRA KUMAR SAHU 185,658.00 175,658.00 104 RANJIT KUMAR CHOUDHURY 24,000.00 24,000.00 105 NITYA SUNDAR DAS 24,000.00 21,600.00 106 JITENDRA ACHARYA 15,229.00 15,229.00 107 SOUBHAGYA KUMAR MOHANTY 22,500.00 22,500.00 108 DR. DEBABRATA PATTANAYAK 253,800.00 174,100.00 109 VIKAS GAUTAM 109,730.00 89,533.00 110 GULAM NABI MANSOORI 21,300.00 15,522.00 111 YUGAL KISHOR PATEL 51,075.00 48,863.00 112 RAJNISH KUMAR SHRIVASTAVA 173,000.00 173,000.00 113 SOHAN LAL PRAJAPATI 45,024.00 45,024.00 114 RAKESH YADAV 27,000.00 27,000.00 115 SUMITA KHANNA 187,500.00 187,500.00 Grand total 10,268,510.00 9,993,436.00 The analysis of claims contained in this report are based on the completeness and accuracy of the information provided by the Creditor. The analysis and findings delineated in this report are specifically based on documents and information submitted by the creditors (subject to further verification of the same).
Details of Financial Creditors Claims as on May 18, 2018(#) Claims received from Financial Creditors (FC) as on September 29, 2017 (Insolvency Commencement Date) in respect of BSR Diagnostic Limited: Sr.No. Name of the Financial Creditor Amount claimed by the Creditor Estimated Amount of Claim admitted 1 AXIS BANK LIMITED 748,651,374 748,651,374 2 STATE BANK OF INDIA 709,434,474 709,434,474 3 SIEMENS FINANCIAL SERVICE PVT LTD 8,740,328 7,864,407 4 CLIX FINANCE INDIA (GE CAPITAL) 11,130,410 10,972,459 5 INDIA INFOLINE FINANCE LIMITED 23,588,211 23,588,211 TOTAL 1,501,544,797 1,500,510,925 Rationale as per Regulation 8 of the IBC, 2016 (Verification for claims of Financial creditors) (#) 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 May 18,2018. The same may change subject to any material information received from the creditors affecting the claim amounts. The Resolution Professional had received two claims from VKR Diagnostics in Form C amounting to Rs. 11.75 Crores and 36.00 Lakhs (Approximately) respectively. The Resolution has requested the VKR Diagnostics to submit the revised Claim in Form B as per the provision of the Insolvency and Bankruptcy code 2016. The analysis of claims contained in this report are based on the completeness and accuracy of the information provided by the Creditor. The analysis and findings delineated in this table are specifically based on documents and information submitted by the creditors (subject to further verification of the same).
(#) 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. The analysis of claims contained in this report are based on the completeness and accuracy of the information provided by the Creditor. The analysis and findings delineated in this report are specifically based on documents and information submitted by the creditors (subject to further verification of the same). Axis Bank has filed a claim vide Form C dated 10 November 2017 for Rs. 43 crores by treating BSR Diagnostic Ltd (Corporate Debtor / CD) as corporate guarantor to BSR Super Speciality. This means BSR Super Speciality has defaulted in honouring its debt towards Axis Bank and the CD now has to pay/settle the debt of Rs. 43 Crores. Considering the current claim of Rs. 15 crores filed by BSR Super Speciality against the CD and the fact that CD has to honour its corporate guarantee to the extent of Rs. 43 crores given to Axis Bank. CD would stand to charge back/recover Rs. 28 crores from BSR Super Speciality (after setting off their claim of unsecured loan of approx. Rs. 15 crores). Under the Indian Contract Act, once a surety (i.e. BSR Diagnostic / CD in this case) is compelled to pay/honour the guarantee provided by it on behalf of the defaulting principal debtor (i.e. BSR Super Speciality in this case) to the lender, the CD gets into the shoes of the creditor and has a right to recover it from the defaulting principal debtor i.e. BSR Super Speciality. This would turn tables here. Once CD accepts the claim from Axis bank as a corporate guarantor to the tune of Rs. 43 crores, which it already has admitted as a valid claim, CD has the right to recover the same from BSR Super Speciality to the tune of Rs. 28 crores after setting off the unsecured loan of Rs. 15 crores. The two-fold transaction of CD to Axis of approx. Rs 43 Crores on behalf of BSR Super Speciality and CD to pay BSR Super Speciality approx. Rs. 15 crores, though being independent financial commitments, ought to be adjusted/knocked-off against each other. Otherwise, the shareholder BSR Super Speciality would stand to gain unjust enrichment by not paying Rs. 43 crores to Axis since it was the principal debtor and additionally recovering Rs. 15 crores from CD, which is bad-in-law. Considering the above, BSR Super Speciality s claim stands to be knocked-off against the claim filed by Axis bank for Rs. 43 crores. The analysis and findings delineated in this report are specifically based on documents and information submitted by the creditors (subject to further verification of the same).
SECURITY DESCRIPTIONS Bank Name Security Details Hypothecated Assets: a. All movable and immovable fixed assets. b. All movable goods and assets. c. All present and future book-debts, outstanding monies, receivables, claim bills, contracts, engagement and securities which are due and owing or may be due and owing to the Company. Axis Bank Limited d. 2nd Charge on the Assets financed by State Bank of India. Mortgaged Assets: a. All that piece and parcel of land and structure thereon at House No. MIG - 202, Padmanabhapur, Durg, Tehsil & Dist - Durg, CG admeasuring 214.50 sq. meter in the name of Shri Surendra Kumar Jain.
Bank Name Security Details a. Machines & Equipment situated at different Centres aggregate realizable value Rs.33.69 crores based on valuation report. b. Equitable mortgage of Shop in the name of Dr. M K Khanduja. Realizable value 0.92 crore based on valuation report dated 11 February 2017. Mortgage created on 25 March 2013. State Bank of India c. Equitable mortgage of residential house in the name of Dr. M. K. Khanduja. Realizable value 0.52 crore based on valuation report dated 11 February 2017. Mortgage created on 25 March 2013. d. Equitable mortgage of building in the name of M/s. BSR Diagnostic Ltd. Realizable value 5.01 crore based on valuation report dated 20 July 2016. Mortgage created on 25 March 2013. e. Second charge over the assets financed by Axis Bank.