list of financial creditors (form c) november 11, 2021

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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-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


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


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


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


mortgaged by the Corporate Debtor.

l) Declaration cum undertaking dated 25 November 2016 in relation to the creation of a


mortgaged by Ramprastha SARE Landholding Company Two Pvt. Ltd.

m) Declaration cum undertaking dated 25 November 2016 in relation to the creation of a


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


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


Ramprastha SARE Landholding Company Two Pvt. Ltd. and Ramprastha SARE


w) Declaration cum undertaking dated 14 May 2018 in relation to the creation of a first


by Ramprastha SARE Landholding Company Two Pvt. Ltd.

x) Declaration cum undertaking dated 14 May 2018 in relation to the creation of a first


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


list of financial creditors (form c) november 11, 2021

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