Waterfall Distribution

Waterfall Distribution

Distribution Chart as per Section 53 of the IBC, 2016 and Compliance of Section 30(2)(b) of the IBC, 2016
S. No.ParticularsClaim admitted (Amount in Rs.)Percentage proposed in Resolution PlanResolution Plan Value (Amount in Rs.)Resolution Plan Value Distributed in accordance with S. 53Liquidation Value distributed in accordance with S. 53Difference
1Amount as per Liquidation Value / Resolution Plan Value868,857,002606,383,503606,383,503557,265,348
2Corporate Insolvency Resolution Process Costs10,510,232
100%​
10,510,23210,510,23210,510,232
3Balance595,873,271546,755,116
4Workmen’s dues for the period of twenty-four months preceding the liquidation commencement.2,035,517
100%​
2,035,5172,035,5171,875,088
5Debts owed to a secured creditor in the event such secured creditor has relinquished security in the manner set out in section 52
6Bank A (voted in favor of the plan)507,265,895
80%​
405,812,716507,265,895467,285,764
7Bank B (voted in favor of the plan)57,689,234
80%​
46,151,38757,689,23453,142,461
8Bank C (Voted against the plan)26,543,856
80%​
21,235,08526,543,85624,451,804(3,216,719)
9Balance2,338,769
10Wages and any unpaid dues owed to employees other than workmen for the period of twelve months preceding the liquidation commencement date7,456,000
60%​
4,473,6002,378,769-
11Balance-0
12Financial debt owed to unsecured creditor (VOTED AGAINST)6,534,000
60%​
3,920,400-
13Balance-
14Income Tax Dues57,568,294
60%​
34,540,976--
15GST Dues2,010,000
60%​
1,206,000--
16Operational creditors (Voted in favour or abstained)187,565,428
40%​
75,026,171--
17Operational creditors (Voted against)3,678,546
40%​
1,471,418--
18Preference Shareholder if any----
19Equity shareholders or partners, as the case maybe----

Distribution Chart as per Section 53 of the IBC, 2016 and Compliance of Section 30(2)(b) of the IBC, 2016
S.No.ParticularsClaim admitted (Amount in Rs.)Percentage proposed in Resolution PlanResolution Plan Value (Amount in Rs.)Resolution Plan Value Distributed in accordance with S. 53Liquidation Value distributed in accordance with S. 53Difference
1Amount as per Liquidation Value / Resolution Plan Value868,857,002676,194,446676,194,446557,265,348
2Corporate Insolvency Resolution Process Costs10,510,232
100%​
10,510,23210,510,23210,510,232-
3Balance665,684,214546,755,116
4Workmen’s dues for the period of twenty-four months preceding the liquidation commencement.2,035,517
100%​
2,035,5172,035,5171,875,088-
5Debts owed to a secured creditor in the event such secured creditor has relinquished security in the manner set out in section 52
6Bank A (voted in favor of the plan)507,265,895
100%​
507,265,895507,265,895467,285,764-
7Bank B (voted in favor of the plan)57,689,234
100%​
57,689,23457,689,23453,142,461-
8Bank C (Voted against the plan)26,543,856
100%​
26,543,85626,543,85624,451,804-
9Balance72,149,712
10Wages and any unpaid dues owed to employees other than workmen for the period of twelve months preceding the liquidation commencement date7,456,000
100%​
7,456,0007,456,000--
11Balance64,693,7120
12Financial debt owed to unsecured creditor (Voted Against Plan)6,534,000
40%​
2,613,6006,534,000-(3,920,400)
13Balance58,159,712
14Income Tax Dues57,568,294
40%​
23,027,31813,348,717-9,678,601
15GST Dues2,010,000
40%​
804,000466,071-337,929
16Operational creditors (Voted in favour or abstained)187,565,428
20%​
37,513,08643,491,957-(5,978,872)
17Operational creditors (Voted against)3,678,546
20%​
735,709852,967-(117,258)
18Preference Shareholder if any----
19Equity shareholders or partners, as the case maybe----
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