Liquidation of ABC Private Ltd. has been ordered by Adjudicating Authority, Mumbai vide its order dated 27th May, 2018. Amit Kumar was appointed as Liquidator of ABC Private Limited. The particulars relating to ABC Priva

Liquidation of ABC Private Ltd. has been ordered by Adjudicating Authority, Mumbai vide its order dated 27th May, 2018. Amit Kumar was appointed as Liquidator of ABC Private Limited. The particulars relating to ABC Private Ltd. which has gone into liquidation are as follows: Sl. No. Particulars Amount (₹) 1. Amount realized from the sale of liquidation of assets 16,00,000 2. Secured Creditor who has relinquished the security 5,00,000 3. Unsecured Financial Creditors 4,00,000 4. Income-tax payable within a period of 3 years preceding the Liquidation commencement date. The Income Tax payable is ₹25,000 in each Financial Year. 75,000 5. CESS payable to State Government within a period of one year preceding the liquidation commencement date. 20,000 6. Fees payable to Resolution Professional 75,000 7. Expenses incurred by the Resolution Professional in running the business of the ABC Private Ltd. as a going concern. 25,000 8. Workmen salary payable for a period of thirty months preceding the liquidation commencement date. The workmen's salary is the same for each of the 30 months. 3,00,000 9. Preference Shareholders 1,00,000 10. Equity Shareholders 10,00,000 Distribute the proceeds among all categories of dues as per the priority order in terms of the provisions of the IBC, 2016. While distributing the proceeds, it may be presumed that the proportionate contribution of each in all categories to the fees payable to the Resolution Professional has been taken into account already and need not be recalculated.