| S. NO. | PARTICULARS / PARAMETER | Resolution Applicants | ||
| A LTD | B LTD | C LTD WITH CONSORTIUM PARTNERS D LTD AND E LTD | ||
| 1 | Whether Name of the applicant was in Final List of Prospective Resolution Applicants (PRA) | YES | YES | NO. Only C LTD was a PRA. Its Consortium Partner/ were not in a list of PRAs. |
| 2 | Date of Receipt of Resolution Plan | 15-Nov-19 | 31-Jul-19 | 22-Nov-19 |
| 3 | Effective Date | After approval of the Resolution plan by Adjudicating Authority and all other approvals and transfer | After approval of the Resolution plan by Adjudicating Authority and all other approvals and transfer | 1 Year after of the approval of Resolution plan by Adjudicating Authority and all other approvals and transfer |
| 4 | Existing Main Business | Real Estate project-Residential and Commercial projects | Real Estate project-Residential and Commercial projects | Manufacturing and Trading of goods |
| 5 | Turnover of Real Estate Business | Rs. 109 crore | Rs. 32 crore | Nil |
| 6 | Net-Worth | Rs. 400 crore | Rs. 40 crore | Rs. 50 crore |
| 7 | Resolution Plan submitted for | 4 Projects namely | 1 Project | 5 Projects |
| 8 | Fund Infusion by PRA | 80 Crore (20 Crore each Project) | 30.85 Crore (One Project) | 50 Crore (All 5 projects) |
| 9 | Sec 29A Certificate | YES | YES | Section 29A Certificate not received from CONSORTIUM PARTNERS |
| 10 | Experience in Real Estate | YES | YES | NO |
| 11 | RFRP Compliances | YES | YES | YES |
| 12 | Declaration/Undertaking in required format | YES | YES | YES |
| PROPOSED PAYMENTS: | ||||
| 13 | CIRP Cost | Actual subject to Maximum of Rs. 100 Lakh | Actual | Actual |
| 14 | Workman & Employees | Full Payment to workmen qualify u/s 2(s) of the Industrial Dispute Act, 1947 | Rs.82,77,854 (28% of the admitted claims) | Rs. 3,00,40,096 (100% of the admitted amount) |
| 15 | Operational Creditors(OCs) | Rs. 1,00,000 | Rs 5,20,731 | Rs. 1,05,32,751/- |
| 16 | Statutory Dues | Rs. 4,00,000 | Nil | Nil |
| 17 | Dues to local authorities of land owning companies | Nil | Nil | 25% of the Pricipal Amount dues. |
| 18 | Contingency | Nil | Rs. 50 Lakh | Rs. 5 Crore for Contingent Liabilities |
| 19 | Other Financial CreditorS | Rs. 4 lakh | Rs. 12,56,839 | 15,71,049 |
| 20 | BANK GUARANTEE | 8 CRORES | 2 CRORES | 10 CRORES |
| 21 | EMD | Rs. 1.6 Crore | Rs. 40 Lakh | RS 2 Crores |
| 22 | Time Period of Implementation | 3-5 Years | 2-5 Years | 3-5 Years |
| 23 | Scheme of Merger / De- Merger | Project will be demerged with land owning Company, then merged with Project SPV entity | One project will be demerged | RA 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. |
| 24 | RERA Registration | YES | YES | YES |
| 25 | Supervision & Monitary Committee | YES | YES | YES |
| 26 | Application 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 Creditors | B 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. |
Resolution Plan Comparison Matrix
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