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TMI Blog2021 (3) TMI 250X X X X Extracts X X X X X X X X Extracts X X X X ..... y, Member (T) 1. This is an Application by the Successful Resolution Applicant of the Corporate Debtor praying for the following reliefs: i. The Sugar Commissioner, Maharashtra State be directed to intimate the Collector/Sub-Divisional Officer/Gram Panchayat/Talathi of Parbhani to forthwith remove the entry of the Government of Maharashtra on the 7/12 Extracts of Maharashtra Shetkari Sugar Limited existing on GAT Nos. 407, 408, 409, 410, 411, 412, 413, 414, 415, 416, 417, 418, 419, 420, 421, 422, 423, 424, 425, 426, 427, 428, 429, 431, 432, 433, 434, 435, 437, 438, 439, 440, 445 and 446; ii. In the alternative, directions be issues to Collector/Sub Divisional Officer/Gram Panchayat/Talathi of Parbhani by the Hon'ble Tribunal to for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the extent of more than Rs. 10 Crores to the farmers who supplied sugarcane to the erstwhile Corporate Debtor. 6. The Respondent No. 1 (R1) by an order dated 03.06.2015 and 18.05.2016 issued Revenue Recovery Certificate (RRC) against the Corporate Debtor for a sum of Rs. 4,22,70,000/- for the period of 2015-2016 towards outstanding FRP dues of farmers and also created charge on the plots bearing GAT Nos. 406-429, 431-435, 437-440, 445 and 446 belonging to the Corporate Debtor. Consequently, a charge has been noted in the Land Revenue Records by the concerned authority. 7. The R1 filed reply to the Application and submitted that the Corporate Debtor failed to pay the FRP, as declared by the Central Government, to the farmers who had suppli ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e resolution plan as approved by the CoC, which is confirmed by this Tribunal proposed the following payment aggregating to a sum of Rs. 109,40,91,222/- Sr. No Particulars of Claim Types of Claim Admitted Amount (INR) Settlement Amount Provided under Resolution Plan (INR) 1. CIRP Costs 60,00,000 60,00,000 2. Financial Creditors Secured 4,69,47,51,648 90,00,00,000 3. Interest to Financial Creditors NA 15,99,41,619 4. Farmers Claim Unsecured 10,94,71,487 2,00,00,000 5. Statutory Dues Unsecured 1,60,79,776 8,03,989 6. Employees/Workmen Unsecured 71,33,843 13,67,582 7. Other Operational Creditors Unsecured 8,54,00,45 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f the factory of Maharashtra Shetkari Sugars Ltd., Uttar Nagar, Tal. Sonpeth, Dist, Parbhani, RRC action has been taken and your office has been authorised. As informed vide the letter under reference in respect of the same, the report is being submitted as under, as per the discussion held in the meeting held in your office on 25.6.2020. 1. Vide Order OW No. SC/Kaksha-7/Arth.1/RRC/169/2015 dated 03.06.2015, of the Sugar Commissariat, Order of R.C. was issued in respect of recovery of the Sugar Cane rate arrears of Rs. 4478.10 Lakh, as per FRP in the crushing season of 2015-16 of the factory of Maharashtra Shetkari Sugars Ltd., Uttam Nagar, Tal. Sonpeth, Dist, Parbhani. Thereafter, as per letter OW No. Lep/Maha.Sugar/FRP/14-15/138/2016 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... w Tribunal, Mumbai Bench on 07.11.2019, in matter No. MA 3199/2019 in CP (IB) 1767/MB/2017 of Union Bank of India Vs. Maharashtra Shetkari Sugars Ltd., Twenty one Sugars Limited and Tejas Construction purchased by the Maharashtra Shetkari Sugars Limited and Infrastructure Pvt. Ltd. (Resolution Applicant) has to pay the amount of Rs. 2,00,00,000.00 against the farmers claim as per settlement amount provided under Resolution Plan (INR) as per Point No. 14 of the said order, as per point No. 19, the first instalment of the amount Rs. 1,00,00,000.00 in the month of November 2020 and the second instalment of Rs. 1,00,00,000.00 in the month of November, 2021, 5. Accordingly, as on today's date, the arrears of the amount of RRC of Rs. 422.47 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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