INDOSOLAR LIMITED

Financial Creditors

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S.no Party Name Email-id Amount Claimed Amount Admitted Amount Under Verification
1 Bank of Baroda (Note-1) [email protected] 2,59,21,38,035 2,59,18,78,035 -
2 Corporation Bank (Note-2) [email protected] 3,95,76,48,548 3,95,76,48,548 -
3 ARCIL (Note-3) [email protected] 5,00,06,56,261 4,99,74,13,039 -
4 Union Bank of India (Note-4) [email protected] 9,83,22,09,352 9,83,22,09,352 -
Total 21,38,26,52,196 21,37,91,48,974
Operational Creditor
S.no Party Name Email-id Amount Claimed Amount Admitted Amount Under Verification
1 The Ewcs Courier And Logistics Services [email protected] 1,34,601 1,28,929 -
2 Krishna Organics [email protected] 91,83,675 70,90,061 -
3 OCI Company Limited [email protected] 37,03,91,630 37,03,91,630 -
4 SM Industry [email protected] 13,20,374 11,58,705 -
5 SC Development Technology Limited [email protected] 2,52,31,872 2,52,31,872 -
6 AK Industries [email protected] 5,16,044 4,51,178 -
7 Aggarwal & Co. [email protected] 1,68,240 1,68,240 -
8 Aam Aan Kay Gases Private Limited [email protected] 19,40,424 12,65,100 -
9 Greater Noida Freight Carrier [email protected] 1,77,651 1,77,651 -
10 Elegant Electricals [email protected] 1,86,620 1,80,919 -
11 Ritik Enterprises [email protected] 9,30,162 7,96,954 -
12 Azure Solar Solution Private Limited [email protected] 45,75,535 22,90,257 -
13 Alpha kkc logistics (India) pvt ltd [email protected] 1,38,00,929 1,38,00,929 -
14 Vividh packaging Industries [email protected] 3,20,980 2,89,787 -
15 Saigrace logistics pvt ltd [email protected] 13,56,266 12,46,380 -
16 SCHMID Technology Systems GMBH [email protected] Euro 4875823.18 - -
17 Beyond Borders Logistics Pvt Ltd [email protected] 1,37,249 1,32,584 -
18 Bravado security & Surveillance [email protected] 23,17,220 22,14,921 -
19 Bravado Security Group [email protected] 2,71,481 2,59,603 -
20 Krishna Murari Organosys Pvt Ltd [email protected] 5,25,406 4,37,603 -
21 M/S Agarwal Packers And Movers Ltd [email protected] 4,17,723 3,07,500 -
22 Adhunik Allied Services [email protected] 2,38,760 2,38,760 -
23 Parveen engineers [email protected] 5,70,000 - -
24 Prem Pal Lawaniya [email protected] 43,966 43,666 -
25 Sevenseas Supplychain Solutions Pvt. Ltd [email protected] 99,769 99,769 -
26 Ace Honda [email protected] 1,39,159 1,05,069 -
27 EPFO [email protected] 13,312 13,312 -
28 Cargo World Exim Services [email protected] 5,21,154 4,53,177 -
29 Jakson Engineers Limited [email protected] 1,20,66,501 - -
30 Fine Papers India [email protected] 5,63,435 - -
31 Skyline Motors (India) Pvt. Ltd. [email protected] 7,32,375 7,18,425 -
32 ATS Security & Housekeeping Solutions Pvt.Ltd [email protected] 14,74,770 14,74,770 -
33 Bergen Associates Private Limited [email protected] euro 362246.96 - -
Avant Grade Clean Room and Engg. Solutions Private
34 Limited [email protected] 60,71,201 - -
35 Global Cooling Towers & Equipments [email protected] 10,77,016 10,77,016 -
36 Praxair India Private Limited [email protected] 50,16,913 24,49,822 -
[email protected]
[email protected]
37 PJ Banan [email protected] 8,22,217 8,03,549 -
38 Om Logistic Limited [email protected] 6,27,982 5,37,695 -
39 Osung Lst Co. Ltd [email protected] 5,57,16,017 5,57,16,017
Rs. 51,96,98,628 + Euro
Total 48,75,823.18 43,60,35,833 5,57,16,017
Employees
S.no Party Name Email-id Amount Claimed Amount Admitted Amount Under Verification
1 Sohanveer Singh [email protected] 1,35,085 1,35,085 -
2 Vipin Kumar Sharma [email protected] 1,64,709 20,461 -
3 Vinod Kumar [email protected] 5,39,887 2,04,517 -
4 Tikam Singh [email protected] 3,31,645 50,906 -
5 Sonu [email protected] 3,41,534 39,198 -
6 Sankalp Vishnoi [email protected] 2,37,585 45,947 -
7 Sanjeev Kumar [email protected] 3,07,581 44,262 -
8 Rohitash Singh [email protected] 1,89,200 22,977 -
9 Ritu Srivastava [email protected] 6,58,640 2,24,076 -
10 Ravindra Singh [email protected] 3,94,591 3,74,260 -
11 Ravi Chauhan [email protected] 3,41,534 25,065 -
12 Ramesh Chandra Solanki [email protected] 14,09,976 3,58,349 -
13 Ram Avtar [email protected] 2,75,662 21,476 -
14 Rakesh Solanki [email protected] 2,60,921 24,087 -
15 Rajindra Singh Karki [email protected] 25,900 25,900 -
16 Rajinder Kumar [email protected] 1,44,016 - -
17 Radharaman Singh [email protected] 2,65,840 45,520 -
18 Praveen Kumar [email protected] 1,63,937 - -
19 Praveen Gaur [email protected] 3,93,801 3,89,432 -
20 Prakash Chand [email protected] 2,99,475 40,401 -
21 Prakash Nauriyal [email protected] 8,51,617 8,51,617 -
22 Pradeep Kumar [email protected] 3,48,868 56,532 -
23 Piyush Kumar [email protected] 2,27,903 19,503 -
24 Nitin Purohit [email protected] 8,45,157 71,189 -
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25 Nishant Taneja [email protected] 4,83,376 56,853 -
26 Mukesh Kumar Yadav [email protected] 3,49,177 49,269 -
27 Moninder Kumar [email protected] 2,39,274 47,088 -
28 Mangaldeep [email protected] 1,80,608 1,80,608 -
29 M.A.Pramod [email protected] 9,08,278 1,51,470 -
30 Mahesh Pal [email protected] 1,50,581 1,31,050 -
31 Lokesh Kumar [email protected] 3,02,130 24,766 -
32 Lavi Raj [email protected] 2,70,756 26,763 -
33 Lakhan Singh [email protected] 5,58,213 5,23,681 -
34 Kapil Dev Sharma [email protected] 3,36,870 1,59,543 -
35 Indersen Singh [email protected] 3,03,678 2,83,844 -
36 Ibran Khan [email protected] 1,55,043 2,649 -
37 Harikesh Kumar [email protected] 2,18,955 34,573 -
38 Govind Singh [email protected] 5,70,796 5,57,014 -
39 Gaurav Kumar [email protected] , [email protected] 3,13,739 59,679 -
40 Dayaram [email protected] 50,000 - -
41 Dinesh B. Shenoy [email protected] 15,31,530 14,16,465 -
42 Dharmendra Kumar [email protected] 3,70,868 68,706 -
43 Dev Singh Khatri [email protected] 43,469 43,469 -
44 Deepesh Pandey [email protected] 1,92,578 31,987 -
45 Deepak Harjai [email protected] 7,50,561 84,685 -
46 Deb Singh Rawat [email protected] 6,12,864 1,26,907 -
47 Chandra Prakash Sharma [email protected] 1,77,803 1,04,349 -
48 Birender Singh [email protected] 1,53,761 81,539 -
49 Beni Madhav Maurya [email protected] 2,38,688 28,396 -
50 Babu Ram [email protected] 1,96,136 1,92,514 -
51 Avinash Prashar [email protected] 2,33,336 2,26,323 -
52 Ashok Kumar [email protected] 1,97,528 23,487 -
53 Anurag Patel [email protected] 2,21,521 25,545 -
54 Anoop Singh Lodhi [email protected] 2,72,925 81,759 -
55 Anand Pandey [email protected] 53,193 53,193 -
56 Amit Kumar Nagar [email protected] 2,13,365 28,493 -
57 Amarnath Kannaujaya [email protected] 2,27,903 14,245 -
58 Ajit Singh Chauhan [email protected] 1,99,772 98,498 -
59 Ajay Kumar [email protected] 1,15,007 1,05,424 -
60 Abhishek Guleria [email protected] 5,02,979 96,632 -
61 Christy John [email protected] 5,99,198 5,67,242 -
62 Madan Pal Singh [email protected] 2,64,324 27,643 -
63 Karamvir singh [email protected] 90,000 - -
64 Atul Singh Rawat [email protected] 7,91,118 2,13,379 -
65 Ravindra Singh Rathi [email protected] 1,91,306 57,392 -
66 Anant Bahadur Singh [email protected] 85,190 80,932 -
67 Chandra bhushan pathak [email protected] 2,87,800 - -
68 Mahabir Singh [email protected] 3,79,206 55,220 -
69 Saroj Kumar [email protected] 6,66,290 58,823 -
70 Suresh Kumar [email protected] 4,77,509 84,855 -
71 Shakeel Ahmed [email protected] 58,343 52,526 -
72 Manoj Kumar [email protected] 1,68,015 15,117 -
73 Nawal Kishor [email protected] 3,05,770 26,529 -
74 Pankaj Singh [email protected] 2,15,220 11,224 -
75 Jagdish Singh [email protected] 3,65,830 42,338 -
76 Omkar Nath Chaubey [email protected] 2,97,500 6,419 -
77 Deepak Kumar [email protected] 1,89,303 1,88,395 -
78 Vishal Chaudhary [email protected] 2,11,676 16,630 -
79 Pushpendra Kumar [email protected] 2,40,508 9,610 -
80 Ajay [email protected] 4,27,740 13,924 -
81 Manmohan Singh [email protected] 3,89,832 3,04,746 -
82 Gulnaz Amin [email protected] 2,61,214 49,967 -
83 Lalit Kumar [email protected] 3,01,799 23,296 -
84 Vikas Saini [email protected] 1,51,332 11,661 -
85 Deepak Taneja [email protected] 3,34,318 3,34,318 -
86 Nitin Singh [email protected] 2,72,837 6,245 -
87 Basu Dev Prasad [email protected] 5,14,927 1,01,753 -
88 Shakti Swaroop Mishra [email protected] 2,67,320 42,656 -
89 Rajdarshan Negi [email protected] 3,03,544 3,03,473 -
90 Vijay Kumar [email protected] 2,81,021 20,536 -
91 Pravin Kumar Babu [email protected] 2,24,336 22,449 -
92 Bhagwat Singh [email protected] 2,61,861 12,882 -
93 Perveen Chandra Dobhal [email protected] 2,55,953 2,44,217 -
94 Manoj Satyawali [email protected] 3,91,912 55,363 -
95 Mohit Passrija [email protected] 1,47,394 19,027 -
96 Vinod Kumar Sharma [email protected] 6,82,566 1,63,143 -
97 Lavkush Kumar [email protected] 2,44,992 24,972 -
98 Virendra Rautela [email protected] 1,93,316 29,835 -
99 Kapil Kumar [email protected] 1,86,123 28,451 -
100 Vikas Dhama [email protected] 3,34,700 - -
101 Amit Kumar [email protected] 3,86,310 35,506 -
102 Hansraj Prajapati [email protected] 6,30,976 1,54,866 -
103 Pravesh Kumar [email protected] 2,12,188 13,306 -
104 Amit Kumar Singh [email protected] 3,15,499 15,270 -
105 Vijendra Singh [email protected] 2,67,120 - -
106 Raman Kumar Singh [email protected] 2,27,979 1,77,469 -
107 Balbir Singh [email protected] 3,12,017 15,120 -
108 Prem Pal [email protected] 2,27,390 15,763 -
109 Vijay Mehra [email protected] 2,14,771 28,677 -
110 Rajendra Singh Bhakuni [email protected] 1,75,000 - -
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111 Pankaj Kavidayal [email protected] 2,45,472 37,498 -
112 Kanhaiya lal sharma [email protected] 39,398 - -
113 Omvir Singh [email protected] 2,27,903 19,503 -
114 Than Singh [email protected] 3,09,391 1,80,276 -
115 Hari Om Nautiyal [email protected] 2,18,968 2,10,358 -
116 Nandan Singh Bhakuni [email protected] 22,05,566 20,84,263 -
117 Dilip Kumar [email protected] 11,779 - -
118 Naveen Chander Kulashri [email protected] 3,93,802 3,86,060 -
119 Rohit Sharma [email protected] 2,75,510 24,035 -
120 Saurav Rana [email protected] 2,17,998 32,709 -
121 Gyan Singh [email protected] 2,27,390 11,713 -
122 Krishna Kumar Sharma [email protected] 3,24,354 26,032 -
123 Om Prakash Misra [email protected] 4,33,459 72,748 -
124 Sunil Kumar Mishra [email protected] 1,93,068 83,765 -
125 Naveen Sharma [email protected] 4,22,190 1,07,266 -
126 Jasveer Singh [email protected] 1,53,130 1,42,171 -
127 Anil Saini [email protected] 3,36,064 33,213 -
128 Lokendra Rana [email protected] 8,17,022 1,52,497 -
129 Pintu Kumar [email protected] 2,33,709 29,631 -
130 Tayyab Ali Khan [email protected] 2,09,447 46,075 -
131 Sandeep Kumar Sharma [email protected] 2,27,903 19,503 -
132 Prashant Baloni [email protected] 8,22,744 80,671 -
133 Lokesh Prasad Juyal [email protected] 1,18,312 1,13,554 -
134 Dharmvir Kumar [email protected] 2,13,365 14,807 -
135 Arun Kumar [email protected] 3,17,401 52,804 -
136 Reshma Sharma [email protected] 89,468 17,703 -
137 Dharmendra Kumar [email protected] 3,37,715 44,208 -
138 Avneesh kumar [email protected] 2,13,098 22,426 -
139 Manoj Jain [email protected] 2,56,040 2,56,040 -
140 Amarjeet [email protected] 1,91,876 18,069 -
141 Sachin Dev Singh [email protected] 2,73,071 45,464 -
142 Dina Singh [email protected] 1,24,09,470 56,98,379 -
143 Kuldeep Kumar [email protected] 6,30,000 82,795 -
144 Pradipta Datta [email protected] 2,97,376 2,82,662 -
145 Prashant Kumar [email protected] 3,37,716 59,855 -
146 Bhanu Prakash [email protected] 2,43,242 1,97,740 -
147 Ravendra singh [email protected] 1,99,610 26,886 -
148 Sunil Kumar Gautam [email protected] 2,27,903 32,042 -
149 Kartikey Rawat [email protected] 4,40,267 46,364 -
150 Sudhir Kumar [email protected] 2,21,653 22,821 -
151 Dipak Kumar [email protected] 2,52,397 17,409 -
152 Vivek Singh [email protected] 1,72,728 30,718 -
153 Harshvardhan Pratap Singh [email protected] 2,45,162 2,33,979 -
154 Pradeep Kumar [email protected] 2,69,912 49,124 -
155 Hariom Sharma [email protected] 44,188 - -
156 Anand Kumar Aggarwal [email protected] 77,20,000 23,01,538 -
157 Anzar Gani [email protected] 3,18,382 1,31,130 -
158 Shoaib [email protected] 1,99,403 7,341 -
159 Arvind Kumar Kamat [email protected] 50,317 - -
Total 7,11,71,057 2,56,81,234 -
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List upadated Upto

31-Dec-19

Security Interest

Note-1 Security Interest to Bank of Baroda

First Pari Passu Charge on the Equitable Mortgage on Borrower’s properties, both present and future and the leasehold land admeasuring 27,158.78 sq. mts. situated on the plot bearing No. 3C/1, Sector-Echo Tech-II, Udyog Vihar, at Greater Noida Industrial Development Area, Uttar Pradesh (hereinafter referred to as “Project Plot”);
First pari passu charge on the fixed assets and current assets of the Borrowers
Pledge of 100% promoters shareholding in the Company on pari-passu basis with other lenders (Common for working capital and Term Loan Lenders)
First Charge by way of hypothecation of all the tangible, movable assets of the borrower, where so ever situated and/or in transit, including in particular all movable Machinery items, Equipment, Electrical Fittings, Air Conditioners, power Generators Insulation, Vehicles and other assets construction equipment’s, tools and accessories lying and situated at Project Plot.
All the present and future book-debts, outstanding, money receivables, claims, bills which are now due and owing or which may anytime hereafter during the continuance of this Security become due and owing to the Borrowers in the course of its business by any person, firm, company or body corporate or by the Central Government or by the State Government or any Government department or office or any municipal, local or public or semi-governmental body or authority or anybody corporate or any undertaking what so ever;
Personal guarantee of:
a. Late Shri Bhushan Kumar Gupta*
b. Mr. Hulas Rahul Gupta

Note-2 Security Interest to Corporation Bank

			(Rs. InCrore)
Security	Details	Value	Corporation Bank Share
Primary	First PariPassu Charge on Fixed Assets of the company	917.71	153.07

	First PariPassu Charge on current assets of the company with working capital lenders.	42.23	8.46
	Pledge of 100% promoters shareholding in the company on paripassu basis with other lenders (common for working capital and term lenders )	13.68	2.23
Collateral	Second pari-passu charge on fixed assets of the company for working capital lenders	917.17	71.56

Note-3 Security Interest to ARCIL

Hypothecation of the whole of the borrowers movable property including movable machineries, machinery spares, solar cell manufacturing lines, diffusion furnace systems, equipment's, electrical fittings, air conditioners, power generators, insulation, installations, fixtures, vehicles and other assets, construction equipment's, tools and accessories, intangible assets, book debts, current assets, raw materials, semi-finished and finished goods, consumables, stores etc. both present and future and such other movables as may be agreed to by the lenders whether installed or not or whether now lying loose or in cases or which are now lying or to be stored at any place whatsoever or to be held by any party to the order or disposition of the borrower or in transit or in high seas or on order or delivery and charge on all intangible assets of the borrower including but not limited to intellectual property rights, goodwill, undertaking and uncalled capital, present and future.
Charge over borrower's escrow account, rights titles, interest of the borrower into and under all of the project documents, contracts and all licenses, contractor guarantees, liquidated damages, performance bonds, warranties, indemnities and securities that may be furnished by any counter party under any project documents or contracts in favor of the borrower and the rights, title and interest of the borrower into and under all Government Approvals, insurance policies

of the borrower.

Date and document- Joint Deed of Hypothecation dated March 28, 2012 and Supplemental Deed o Hypothecation Agreement dated 05.07.2012 in favor of the Working Capital Lenders hypothecating all and each of its assets.

Equitable mortgage of all that piece and parcel of leasehold plot of land bearing No. 3C/1, Ecotech-ll, UdyogVihar, Greater Noida (UP) admeasuring 27,158.78 Sq. mtrs together with all buildings and structures/erections, plant and machineries thereon and all fixtures and fittings, constructed and erected or installed thereon and/or to be constructed, erected or installed thereon and every part thereofattached to the earth or permanently fastened to anything attached to the Earth.

The property is bounded as under:

East: Plot No. 3B West: Plot No. 3C/2 and 3C/3 North: Plot No. 2C, 2D, 2E and 2F South: 24 meter wide road

Date and document- Declaration and Undertaking dated 28/03/2012 and Supplemental declaration and undertaking dated 05.07.2012 in favour of the lenders in relation to the creation of security by mortgage by deposit of title deeds, for the facilities sanctioned by the Lenders and Memorandum of Entry dated 09.04.20 I 2).

Pledge of hundred percent (100%) of the equity share capital of the Borrower held by the Promoters in favour of the Security Trustee for the benefit of the Lenders.

Date and document- Agreement for pledge of shares dated 28/03/2012 and supplement agreement for Pledge of shares dated 05.07.2012 by H.R. Gupta & 09.07.2012 by B.K. Gupta therein pledging their entire shareholding

An irrevocable and unconditional, joint and several personal guarantee/s from Shri BK Gupta and Shri HR Gupta in favour of the Security Trustee for the benefit of the Lenders for the due repayment of the Loans and the payment of all interest and other moneys payable by the Borrower.

Date and document - Deed of Guarantee dated 28.03.2012 by H.R. Gupta and BK Gupta, deed of guarantee Agreement dated 05/07/2012 by HR Gupta & 09/07/2012 by BK Gupta.

Charge on subsidy receivables by the borrower.

Date and document: As per the audited financial statements for the year ended 31/03/2018.

Note-4 Security Interest to Union Bank of India

Term Loans/WCTL/FITL: EM of factory land & building, hypothecation of P&M and fixed assets on pari passu basis with other lenders.
Working Capital: Hypothecation of stock & book debts and other current assets of the company, both present and future on pari-pasu basis with the other lenders.
Collateral Security: Pledge of 13,68,85,495 equity shares of the company held by the promoters.

4. Personal Guarantee:

a. Sh. Bhushan Kumar Gupta*
b. Hulas Rahul Gupta
Mr. Bhushan Kumar Gupta expired on 17/08/2015. Status of validity of Personal Guarantee
given by him to lenders yet to be verified.

AI assistant

INDOSOLAR LIMITED Audit Report / Information 2019

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