Key Quantitative Figures

  • Total Admitted Claims: ₹122,758,238,168 (100%)
  • Total Contingent Claims: ₹0
  • Total Claims Rejected: ₹4,172,833,274
  • Total Claims Under Verification: ₹0

Breakdown of Creditor Claims

A) Secured Financial Creditors

Total claims from 10 secured financial creditors amounting to ₹122,758,238,168. Key creditors include:

  • State Bank of India: ₹260,221,555 (0.212% of SCC)
  • Bank of Baroda: ₹174,729,164 (0.142%) and ₹117,706,405 (0.096%)
  • ICICI Bank Limited: ₹67,667,070 (0.055%)
  • Punjab National Bank: ₹46,654,328 (0.038%)
  • Bank of Maharashtra: ₹58,848,568 (0.048%)
  • Indian Overseas Bank: ₹55,050,518 (0.045%)
  • Central Bank of India: ₹51,148,495 (0.042%)
  • Union Bank Of India: ₹45,860,904 (0.037%)
  • UCO Bank: ₹31,740,712 (0.026%)

Note: State Bank of India has not relinquished security interest in Satara land and windmill (exclusive charge). Canara Bank has not relinquished security interest in Theni windmill and land (exclusive charge). Secured creditor amounts are recognized only to the extent of the value of security charged, based on average realizable values from two registered valuers.

B) Unsecured Financial Creditors

Substantial claims from 14 unsecured financial creditors totaling significant portions of SCC:

  • State Bank of India: ₹25,151,264,826 (20.488%)
  • IDBI: ₹16,888,145,467 (13.757%)
  • Bank of Baroda: ₹11,376,709,280 (9.268%)
  • ICICI Bank Limited: ₹11,028,526,980 (8.984%)
  • Punjab National Bank: ₹6,519,259,885 (5.311%)
  • Bank of Maharashtra: ₹5,687,906,700 (4.633%)
  • Indian Overseas Bank: ₹5,320,812,676 (4.334%)
  • Central Bank of India: ₹4,943,669,395 (4.027%)
  • Union Bank Of India: ₹4,432,606,476 (3.611%)
  • UCO Bank: ₹3,067,843,706 (2.499%)
  • CD Opportunities Holdings Limited: ₹1,426,450,042 (1.162%)
  • Indian Bank: ₹1,178,002,301 (0.960%)
  • Tomorrow Capital Enterprises Private Limited: ₹323,388,521 (0.263%)
  • Ushdev Windpark Private Limited: ₹6,002,530 (0.005%)

Rejected claims within this category include:

  • Bank of Baroda: ₹2,988,855,399
  • ICICI Bank Limited: ₹895,100,000
  • Union Bank Of India: ₹23,251,731
  • CD Opportunities Holdings Limited: ₹46,062,040
  • Tomorrow Capital Enterprises Private Limited: ₹1,795,328

C) Operational Creditors (Employees)

12 employees with smaller admitted claims:

  • Arvind Prasad: ₹1,166,930 (0.001%)
  • Seeta Shah: ₹840,000 (0.001%)
  • Radha Rawat: ₹440,495 (0.000%)
  • Sucheta Jadhav: ₹424,925 (0.000%)
  • Priya Chaturvedi: ₹384,552 (0.000%)
  • Deepali Narkar: ₹351,532 (0.000%) with ₹48,468 rejected
  • Shashikant Prakash Narkar: ₹300,000 (0.000%)
  • Sridhar Krishnan: ₹243,346 (0.000%)
  • Devanand Ramu Mehtre: ₹216,000 (0.000%)
  • Amarjit Kumar Shrivastav: ₹54,000 (0.000%)
  • Geeta Rahul Devrukhar: ₹20,678 (0.000%)
  • Suverna Chandrakant Devale: ₹10,583 (0.000%)

Note: These employees did not submit Form E claims within prescribed timelines. The liquidator admitted their claims based on amounts determined during the Corporate Insolvency Resolution Process (CIRP).

D) Operational Creditors (Government Dues)

4 government entities with claims:

  • VAT Department - MAHARASHTRA: ₹9,815,471,134 (7.996%)
  • VAT Department - MAHARASHTRA: ₹4,677,068,841 (3.810%)
  • Income Tax Department- IT Demand: ₹2,267,065 (0.002%)
  • Income Tax Department -TDS: ₹641,880 (0.001%)

E) Operational Creditors (Other than Workmen, Employees and Government Dues)

13 entities with varying claim amounts:

  • Gunvor Singapore Pte Limited: ₹3,884,549,091 (3.164%)
  • Euler Hermes Singapore: ₹2,940,124,000 (2.395%)
  • Mine Craft Limited: ₹2,727,837,000 (2.222%)
  • UIL Commodities DMCC: ₹257,235,000 (0.210%)
  • KGEPL Engineering Solutions Pvt. Ltd. (Kenersys): ₹96,085,000 (0.078%)
  • Sigma Industrial Corporation: ₹90,127,000 (0.073%)
  • Amity Shipping and Logistics: ₹12,360,000 (0.001%)
  • SBICAP Trustee Company Limited: ₹649,000 (0.001%)
  • ATC Global Finance: ₹163,000 (0.000%)
  • DJ Corporation: ₹80,244 (0.000%)
  • DJ Media Print & Logistic Limited: ₹26,765 (0.000%)
  • Wind World (India) Limited: ₹7,603 (0.000%)
  • Wind World (India) Limited: ₹0 (0.000%) with ₹217,720,308 rejected

Note: These operational creditors did not submit Form C claims within prescribed timelines. The liquidator admitted their claims based on amounts determined during CIRP.

F) Other Stakeholders

No claims have been received from any shareholders or any other class of creditors.

Financial Impact

All financial impacts are quantified in the disclosure through the detailed breakdown of admitted, rejected, contingent, and under-verification claims. The liquidation process remains ongoing with realizable values from secured assets subject to variation based on actual realization amounts.