Resolution Plan Comparison Matrix

Resolution Plan Comparison Matrix

S. NO.PARTICULARS / PARAMETERResolution Applicants
A LTDB LTDC LTD WITH CONSORTIUM PARTNERS D LTD AND E LTD
1Whether Name of the applicant was in Final List of Prospective Resolution Applicants (PRA)YESYESNO. Only C LTD was a PRA. Its Consortium Partner/ were not in a list of PRAs.
2Date of Receipt of
Resolution Plan
15-Nov-1931-Jul-1922-Nov-19
3Effective DateAfter approval of the Resolution plan by Adjudicating Authority and all other approvals and transferAfter approval of the Resolution plan by Adjudicating Authority and all other approvals and transfer1 Year after of the approval of Resolution plan by Adjudicating Authority and all other approvals and transfer
4Existing Main BusinessReal Estate project-Residential
and Commercial projects
Real Estate project-Residential
and Commercial projects
Manufacturing and Trading of
goods
5Turnover of Real Estate
Business
Rs. 109 croreRs. 32 croreNil
6Net-WorthRs. 400 croreRs. 40 croreRs. 50 crore
7Resolution Plan submitted
for
4 Projects namely1 Project5 Projects
8Fund Infusion by PRA80 Crore
(20 Crore each Project)
30.85 Crore
(One Project)
50 Crore
(All 5 projects)
9Sec 29A CertificateYESYESSection 29A Certificate not received from CONSORTIUM PARTNERS
10Experience in Real EstateYESYESNO
11RFRP CompliancesYESYESYES
12Declaration/Undertaking
in required format
YESYESYES
PROPOSED PAYMENTS:
13CIRP CostActual subject to Maximum of Rs.
100 Lakh
ActualActual
14Workman & EmployeesFull Payment to workmen qualify u/s 2(s) of the Industrial Dispute Act, 1947Rs.82,77,854 (28% of the
admitted claims)
Rs. 3,00,40,096 (100% of the
admitted amount)
15Operational
Creditors(OCs)
Rs. 1,00,000Rs 5,20,731Rs. 1,05,32,751/-
16Statutory DuesRs. 4,00,000NilNil
17Dues to local authorities
of land owning companies
NilNil25% of the Pricipal Amount dues.
18ContingencyNilRs. 50 LakhRs. 5 Crore for Contingent Liabilities
19Other Financial CreditorSRs. 4 lakhRs. 12,56,83915,71,049
20BANK GUARANTEE8 CRORES2 CRORES10 CRORES
21EMDRs. 1.6 CroreRs. 40 LakhRS 2 Crores
22Time Period of
Implementation
3-5 Years2-5 Years3-5 Years
23Scheme of Merger / De- MergerProject will be demerged with land owning Company, then merged with Project SPV entityOne project will be demergedRA proposes merger of all the Land owning Companies of various projects with CD and also all subsidiaries of CD get merged to form a single corporate Identity as CD.
24RERA RegistrationYESYESYES
25Supervision & Monitary
Committee
YESYESYES
26Application under Section
43,49,50 &66 has been filed by the RP for recovery of approximately Rs. 400 Crores (Estimated)
Will Be distributed amongst the Unit Holders and other CreditorsB Ltd Reserve the right to claim over such realisation to the extent of 28% of the Assets / Crystalised
/ Realised by /For CD
RA Reserve the right to receive
100% of total amount and assets recovered from CD and its various subsidiaries and related parties under Section 43 to 51 of the Code.
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