list of financial creditors (form c) november 11, 2021
TRANSCRIPT
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List of Financial Creditors (Form C) November 11, 2021
Ajit Gyanchand JainInsolvency ProfessionalRP – SARE Gurugram Private LimitedAddress: 204, Wall Street- 1, Opp. Orient Club, Near Gujarat College, Ellis Bridge,Ahmedabad-380 006, Gujarat, IndiaE-mail id: [email protected]
M/s SARE Gurugram Private Limited (In CIRP)Registered Office: E-7/12, LGF, Malviya Nagar New Delhi South Delhi-110017.
CIN: U70109DL2006PTC152635
1st Constitution was filed on 05.04.2021. 2nd Constitution was filed on 13.04.2021. 3rd Constitution was filed on 07.05.2021. 4th Constitution was filed on 22.05.2021. 5th Constitution was filed on 09.06.2021. 6th Constitution was filed on 02.07.2021. 7th Constitution was filed on 17.07.2021. 8th Constitution was filed on 04.08.2021. 9th Constitution was filed on 07.09.2021. 10th Constitution was filed on 18.09.2021. 11th Constitution was filed on 02.10.2021. 12th Constitution was filed on 11.11.2021.
All the claims received till 30th September 2021 have been considered in this list.
The claims have been admitted based on the documents and information available withthe Resolution Professional from the claimants’ side as well as the Corporate Debtor’srecords. The same may be revisited and revised based on any additional documents /evidence / information / events etc., during the Corporate Insolvency ResolutionProcess (CIRP).
In case of any queries or clarification, please send mail to [email protected].
The Resolution Professional has received claims from the following financial creditors;
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S.No Code Name of Creditors
ClaimSubmitted(Amount in
Rs.)
ClaimProvisionally
AdmittedSecurityInterest
WhetherRelatedParty(Amount in
Rs.)
1 FC0000001Alchemist AssetReconstruction CompanyLimited
3,331,984,211 3,331,984,211Secured –
Annexure 1No
2 FC0000002 Bank of India 59,844,130 59,844,130Secured –
Annexure 2No
3 FC0000003Assets Care andReconstruction EnterpriseLimited
5,678,844,757 5,678,844,757Secured –
Annexure 3No
4 FC0000005 IDBI Bank Limited 18,962,966 -Secured –
Annexure 4No
5 FC0000006M/s Sare Facility(Gurgaon) ServicesPrivate Limited
74,892,253 1,55,22,614 Unsecured Yes
Total 9,164,528,317 9,086,195,712
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ANNEXURE-1
Alchemist Asset Reconstruction Company LimitedDetails of securities
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ANNEXURE-1
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ANNEXURE-1
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ANNEXURE-1
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ANNEXURE-2
Bank of India
Details of securities
Security is available in the form of various TDRs amounting to Rs 6,55,34,798.
The details of the TDRs are as below –
TDR No. Amount of TDRCurrent Maturity Date(Automatic renewal)
60594511000208915,205,729.00
20.02.2022
6059451100020904,233,461.00
20.02.2022
6059451100020913,672,767.00
20.02.2022
6059451100020924,348,990.00
20.02.2022
6059451100020935,369,998.00
20.02.2022
6059451100020941,780,198.00
20.02.2022
6059451100020951,780,201.00
20.02.2022
6059451100020961,780,200.00
20.02.2022
6059451100020971,780,201.00
20.02.2022
6059451100021043,887,833.00
20.02.2022
60594511000210621,153,326.00
20.02.2022
605945110002446 541,894.00 29.01.2022
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ANNEXURE-3
Assets Care and Reconstruction Enterprise Limited
Details of securities
1. Mortgage over a — 6.7 million sq. ft. project along with development rights (Sare
Crescent Park Project) being developed in Gurugram, Haryana by Corporate Debtor
and hypothecation of the receivable thereunder;
2. Pledge of 100% of shares of SARE Gurugram by SARE Realty Projects Pvt. Ltd.;
3. Corporate guarantee from SARE Realty Projects Pvt. Ltd.;
4. Pledge of 100% of shares of Ramprastha SARE Landholding Company Two Private
Limited and Ramprastha SARE Landholding Company Five Private Limited
("Landholding Companies");
5. Corporate guarantees from the Landholding Companies;
6. First ranking charge over the DSRA and the DSRA Amount (1NR 4.86 crores
undisbursed out of Altico 220 cr NCDs);
7. Demand Promissory Note by Corporate Debtor;
8. First ranking charge by way of mortgage on project land & unsold units and
hypothecation on all existing and future project receivables of SARE Meadowville
project located in Kolathur, off GST road, Chennai.
The following Security documents were executed in favour of Axis Trusteeship ServicesLimited (Security Trustee/Debenture Trustee): -
a) Memorandum of Entry dated 9 December 2015 in respect of creation of a mortgage by
deposit of title deeds over rights, title and interest in the properties mortgaged by
Ramprastha SARE Landholding Company Two Pvt. Ltd. and Ramprastha SARE
Landholding Company Five Pvt. Ltd.
b) Declaration cum undertaking dated 10 December 2015 in relation to the creation of a
first ranking mortgage by way of deposit of title deeds in respect of properties
mortgaged by Ramprastha SARE Landholding Company Two Pvt. Ltd. and
Ramprastha SARE Landholding Company Five Pvt. Ltd.
c) Deed of Hypothecation dated 4 December 2015 executed by Corporate Debtor,
Ramprastha SARE Landholding Company Five Pvt. Ltd. and Ramprastha SARE
Landholding Company Two Pvt. Ltd. creating a first ranking pari passu charge on the
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moneys, receivables, cash in hand in the Escrow account, a first ranking pari passu
charge over KKR-Debenture DSRA, a first and exclusive charge over Issue Proceeds
account and over all monies lying in credit of the issue proceeds account.
d) Corporate Guarantee dated 4 December 2015 issued by Ramprastha SARE
Landholding Company Two Pvt. Ltd.
e) Corporate Guarantee dated 4 December 2015 issued by Ramprastha SARE
Landholding Company Five Pvt. Ltd.
f) Corporate Guarantee dated 4 December 2015 issued by SARE Realty Projects Pvt. Ltd.
g) Pledge Agreement dated 4 December 2015 creating first pari passu pledge of 100%
equity shares of the Corporate Debtor.
h) Memorandum of Entry 9 December 2015 recording creation of mortgage by deposit of
title deeds of properties owned by the Corporate Debtor.
i) Declaration cum undertaking dated 10 December 2015 in relation to the creation of a
first ranking mortgage by way of deposit of title deeds in respect of properties
mortgaged by Corporate Debtor.
j) Memorandum of Entry dated 25 November 2016 in respect of creation of a mortgage
by deposit of title deeds over rights, title and interest in the properties mortgaged by
Corporate Debtor, Ramprastha SARE Landholding Company Two Pvt. Ltd. and
Ramprastha SARE Landholding Company Five Pvt. Ltd.
k) Declaration cum undertaking dated 25 November 2016 in relation to the creation of a
first ranking mortgage by way of deposit of title deeds in respect of properties
mortgaged by the Corporate Debtor.
l) Declaration cum undertaking dated 25 November 2016 in relation to the creation of a
first ranking mortgage by way of deposit of title deeds in respect of properties
mortgaged by Ramprastha SARE Landholding Company Two Pvt. Ltd.
m) Declaration cum undertaking dated 25 November 2016 in relation to the creation of a
first ranking mortgage by way of deposit of title deeds in respect of properties
mortgaged by Ramprastha SARE Landholding Company Five Pvt. Ltd.
n) Unattested Share Pledge Agreement dated 2 March 2017 executed by SARE Realty
Projects Pvt. Ltd. and Manoj Thakur creating 1st pan passu charge over equity shares
of Corporate Debtor.
o) Share Pledge Agreement dated 24 November 2016 creating Pt ranking pari passu
pledge over 100% issued and fully paid-up shares of Ramprastha SARE Landholding
Company Two Pvt. Ltd. and Ramprastha SARE Landholding Company Five Pvt. Ltd.
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p) Demand Promissory Note dated 24 November 2016 issued by Corporate Debtor.
q) Corporate Guarantee dated 24 November 2016 issued by Ramprastha SARE
Landholding Company Two Pvt. Ltd. and Ramprastha SARE Landholding Company
Five Pvt. Ltd.
r) Corporate Guarantee dated 2 March 2017 issued by SARE Realty Projects Pvt. Ltd.
s) Memorandum of Hypothecation dated 24 November 2016 by Corporate Debtor,
Ramprastha SARE Landholding Company Five Pvt. Ltd. and Ramprastha SARE
Landholding Company Two Pvt. Ltd. creating a first ranking pari passu charge on
project receivables.
t) Memorandum of Entry dated 14 May 2018 in respect of creation of a mortgage by
deposit of title deeds over rights, title and interest in the properties mortgaged by
Corporate Debtor.
u) Declaration cum undertaking dated 14 May 2018 in relation to the creation of a first
ranking mortgage by way of deposit of title deeds in respect of properties mortgaged
by the Corporate Debtor.
v) Memorandum of Entry dated 14 May 2018 in respect of creation of a mortgage by
deposit of title deeds over rights, title and interest in the properties mortgaged by
Ramprastha SARE Landholding Company Two Pvt. Ltd. and Ramprastha SARE
Landholding Company Five Pvt. Ltd.
w) Declaration cum undertaking dated 14 May 2018 in relation to the creation of a first
ranking mortgage by way of deposit of title deeds in respect of properties mortgaged
by Ramprastha SARE Landholding Company Two Pvt. Ltd.
x) Declaration cum undertaking dated 14 May 2018 in relation to the creation of a first
ranking mortgage by way of deposit of title deeds in respect of properties mortgaged
by Ramprastha SARE Landholding Company Five Pvt. Ltd.
y) Unattested Share Pledge Agreement dated 14 May 2018 creating 1st pari passu charge
on shares held by Corporate Debtor and Ramprastha SARE Landholding Company
Five Pvt. Ltd. in Ramprastha SARE Landholding Company Two Pvt. Ltd. and on shares
held by Corporate Debtor and Ramprastha SARE Landholding Company Two Pvt. Ltd.
in Ramprastha SARE Landholding Company Five Pvt. Ltd.
z) Unattested Share Pledge Agreement dated 14 May 2018 creating 1st pari passu charge
on shares held by SARE Realty Projects Pvt. Ltd. and Manoj Thakur in Corporate
Debtor.
aa) Demand Promissory Note dated 14 May 2018 issued by the Corporate Debtor.
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bb) Non disposal Undertaking dated 14 May 2018 issued by SARE Realty Singapore Pte
Ltd. and SARE Realty Projects Pvt. Ltd. with respect to FCDs and land held at Amritsar.
cc) Non disposal Undertaking dated 14 May 2018 issued by SARE Cyprus Ltd. with respect
to FCDs and land held at Indore.
dd) Non disposal Undertaking dated 14 May 2018 issued by SARE (Cyprus) SPV (No. 4)
Ltd. and SARE (Cyprus) SPV (No. 11) Ltd. with respect to equity shares, FCDs and
land at Panvel.
ee) Phase-2 undertaking dated 14 May 2018 issued by the Corporate Debtor.
ff) FCD Undertaking dated 25 June 2018 issued by SARE Realty Singapore Pte Ltd. and
Corporate Debtor.
gg) Undertaking dated 25 May 2018 issued by Sare Realty Projects Pvt. Ltd. with respect
to the Non disposal undertakings executed by SARE Realty Singapore Pte Ltd., SARE
Cyprus Ltd., SARE (Cyprus) SPV (No. 4) Ltd. and SARE (Cyprus) SPV (No. 11) Ltd.
hh) Simple mortgage deed dated 8 June 2018 executed by SARE Realty Projects Pvt. Ltd.
ii) Memorandum of Hypothecation dated 14 May 2018 executed by SARE Realty Projects
Pvt. Ltd. and Corporate Debtor creating a charge on receivables and Project Accounts.
jj) Share Pledge Agreement dated 14 May 2018 executed by SARE (Cyprus) SPV (No. 4)
Ltd. and SARE Realty Projects Pvt. Ltd.
kk) Share Pledge Agreement dated 14 May 2018 executed by SARE Realty Singapore Pte
Ltd.
ll) Deed of Guarantee dated 14 May 2018 executed by SARE Realty Projects Pvt. Ltd.
mm) Deed of Guarantee dated 14 May 2018 executed by Ramprastha SARE Landholding
Company Two Pvt. Ltd.
nn) Deed of Guarantee dated 14 May 2018 executed by Ramprastha SARE Landholding
Company Five Pvt. Ltd.
oo) Deed of Hypothecation dated 14 May 2018 executed by Corporate Debtor, Ramprastha
SARE Landholding Company Two Pvt. Ltd. and Ramprastha SARE Landholding
Company Five Pvt. Ltd.
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ANNEXURE-4
IDBI Bank Limited
Details of securities