Tuesday, 20 August 2024

Draft Summary of the Section 99 Report of the Resolution Professional

 Draft Summary of the Section 99 Report of the Resolution Professional

Name of the Resolution Professional (RP)


Name of the Debtor (i.e., Personal Guarantor to Corporate Debtor)


Name of the Applicant (creditor)


Name of the Corporate Debtor for whose loans the Debtor has given Personal Guarantee


IBC Status of the Corporate Debtor (CD)


Whether Debtor (PG) is a Resident Indian


Whether Debtor (PG) is Director of the Corporate Debtor


Whether insolvency Application against PG in some other case is already pending/admitted.


Annual Income of the Debtor in last years as per the application filed before the Adjudicating

Authority


Amount of Default of the Corporate Debtor as per the application Filed


Summary of Assets and Liabilities of the Debtor as per the Application Filed 

Immovable Property

Particulars

Amount (Rs.)











Total Estimated Value

of Immovable Property


Movable Assets

Particulars

Amount (Rs.)

Jewellery


Furniture








Total Estimated Value

of Movable Property


Fixed Deposit and Cash

Particulars

Amount (Rs.)

Fixed Deposit at Bank


Cash in Bank (I)


Cash in Bank (II)


Cash In Hand


Total Fixed Deposit

and cash


Sundry Debtors







Total Sundry Debtors

131.18 Lakhs

Total Assets

14922.73 Lakhs

Whether the application filed under Section 95 of the Code is complete


Section in which application is filed


Nature of Transaction between the Applicant and the Corporate Debtor


Date of Application filed by the Applicant with the NCLT


Date of the order of Hon’ble NCLT for appointment of RP


Date of Communication of order to the RP


Whether Applicant has complied with the requirements specified in Section 95


Whether Form B was served on the Debtor required by the Law


Date of Form B was served on the Debtor


Date when RP sought Information/Clarifications from the Debtor


Date When the Debtor provided the clarifications


Date of communication to the Creditor by the RP to


inform appointment of the RP


Whether Debtor has Questioned /Challenge the application filed by the Creditor


Brief summary of the issues raised by the Debtor


Whether Debtor is eligible for Fresh Start Process


Recommendations of the RP

Recommended to Admit the Application


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