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S. No. Category of Creditor Amount Claimed LIST OF CREDITORS OF ESSAR STEEL INDIA LIMITED ESSAR STEEL INDIA LIMTIED Summary of Status of Claims from Creditors as of 05 March 2019 (List of Creditors Version 17) Overall, 65 financial creditor claims totaling approximately INR 55,440 crore; 1,936 operational creditor claims totaling approximately INR 27,081 crore, claims from employees/workmen totaling approximately INR 20 crore and 1 claim from other creditors of approximately INR 24 crore were received as of 24 October 2018 electronically and/or physically. Below is a summary of claims received. Details for each category of claims are provided in subsequent pages. S. No. Category of Creditor Amount Claimed Amount Admitted Amount Rejected Amount - Note Page Numbers (INR) (INR) (INR) Verification Reference Ongoing (INR) 1 Financial Creditors 554,402,075,982 494,731,492,070 42,958,035,946 - Note 1 2 to 6 2 Operational Creditors other than Workmen and Employees 270,808,900,083 50,739,996,727 104,135,366,204 - Note 2 7 to 30 3 Operational Creditors - only Workmen and Employees 202,385,337 180,710,281 21,028,122 - 31 4 Other Creditors 242,597,106 - 242,597,106 - 32 TOTAL (INR) 825,413,361,403 545,652,199,078 147,114,430,272 - See Schedule 1 for information on security interests of financial creditors. NOTES Note 1: - Tabled below is a break up of the claims pertaining to Financial Creditors Particulars Amount (INR) Amount Admitted 494,731,492,070 Amount Rejected 42,958,035,946 Amount - Verification Ongoing - Amount - Subject to disputes pending before various authorities 16,712,547,966 / sub judice (Refer note 11 for details) Total Amount Claimed 554,402,075,982 - Amount under "Verification Ongoing" (if any) includes the difference in computation of interest, penal charges, etc. As per communications with each of the respective financial creditors, these amounts are subject to verification based on additional information and documents. Note 2: - 1,936 of the 1,936 operational creditor (Other than workmen and employees) claims have been admitted/rejected either in part or in whole. - Tabled below is a break up of the claims pertaining to Operational Creditors (Other than workmen and employees) Particulars Amount (INR) Amount Admitted 50,739,996,727 Amount Rejected 104,135,366,204 Amount - Verification Ongoing - Amount - Subject to disputes between claimants and ESIL 115,933,537,152 (Refer note 20, 20a, 20b, 20c, 21 and 21a) Total Amount Claimed 270,808,900,083 Note 3: The claims in currency other than INR, have been converted to INR as per the foreign exchange rate provided by the Reserve Bank of India, as on August 2, 2017; Below is the exchange rates for different currencies: - EUR 1: INR 75.7488 - USD 1: INR 64.0690 - GBP 1: INR 84.6416 - AED 1: INR 16.99 (as per "State Bank of India") - RMB 1: INR 9.43 (as per "State Bank of India") - SGD 1: INR 47.64 (as per "State Bank of India") Note 4: This list will be updated periodically based on additional information under regulation 14 (2) of Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. Note 5: Under Regulation 12 (2) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 as applicable to the insolvency resolution process of Essar Steel India Limited, proof of claims are to be submitted only until approval of the resolution plan by the committee of creditors. Page 1 of 32 ESSAR STEEL INDIA LIMITED List of Creditors (Version 17) - 05 March 2019 Category: Financial Creditors S. No. Name of Financial Creditor Amount Claimed Amount Admitted Amount Rejected Amount - Verification Note Reference (INR) (INR) (INR) Ongoing (INR) 1 STATE BANK OF INDIA 136,528,361,926 132,264,790,246 1,402,219,881 - Note 6, 11, 10 2 CANARA BANK 39,131,577,040 37,980,578,680 4,978,801 - Note 6, 11 3 STANDARD CHARTERED BANK 35,633,008,638 35,574,398,712 58,609,926 - Note 6, 10, 10a 4 PUNJAB NATIONAL BANK 30,104,247,655 29,362,468,401 741,779,254 - Note 6 5 DEUTSCHE BANK AG (assigned from Bank 28,389,251,754 28,298,805,419 90,446,335 - Note 6, 18a, 18b of Baroda and IDBI Bank) 6 IDBI BANK 29,195,757,313 24,816,052,491 - - Note 11, 18b 7 ICICI BANK 25,448,880,643 22,941,058,343 - - Note 11 8 UNION BANK OF INDIA 21,715,181,528 21,225,985,171 489,196,356 - Note 6 9 BANK OF INDIA 19,850,782,911 19,850,782,911 - - 10 EARC TRUST - SC 292 (assigned from Indian 19,738,164,067 19,663,077,178 75,086,889 - Note 6, 13 Overseas Bank) 11 EARC TRUST - SC 217 18,111,573,491 16,977,650,618 - - Note 11 12 CORPORATION BANK 16,717,336,838 15,666,164,546 150,419,676 - Note 6, 11 13 EARC TRUST - SC 337 (assigned from Bank of 12,737,840,189 12,737,840,189 - - Note 13c Baroda) 14 EARC TRUST - SC 233 9,939,233,851 9,934,638,998 4,594,853 - Note 6 15 EARC TRUST - SC 323 (assigned from HDFC 9,786,260,880 9,786,260,880 - - Note 13d Limited) 16 SYNDICATE BANK 10,495,690,062 9,679,133,397 17,542,788 - Note 6, 11 17 SC LOWY PRIMARY INVESTMENTS 9,001,242,665 9,001,242,665 - - Note 14a, 14b LIMITED (assigned from HDFC Bank and Axis Bank) 18 EARC TRUST - SC 114 6,023,925,774 6,023,925,774 - - 19 UCO BANK 6,142,743,008 5,822,634,792 48,691,681 - Note 6, 11 20 EXPORT - IMPORT BANK OF INDIA 5,562,649,312 5,562,649,312 - - 21 EARC TRUST - SC 322 (assigned from Jammu 5,750,358,456 5,549,226,086 201,132,370 - Note 6, 13a & Kashmir Bank) 22 CENTRAL BANK OF INDIA 6,087,158,629 5,100,432,521 180,886,978 - Note 6, 11 23 ALLAHABAD BANK 3,586,466,795 3,204,853,121 93,394,636 - Note 6, 11 24 THE BANK OF NEW YORK MELLON, 2,028,371,306 2,025,027,251 3,344,055 - Note 6, 10, 15 LONDON BRANCH 25 SREI INFRASTRUCTURE FINANCE 1,784,380,063 1,752,788,585 31,591,478 - Note 6, 12 LIMITED 26 EARC TRUST - SC 327 (assigned from 1,372,499,694 1,372,499,694 - - Note 13b Lakshmi Vilas Bank) 27 EARC TRUST - SC 187 922,510,635 922,510,635 - - 28 INOX AIR PRODUCTS PRIVATE LIMITED 808,982,205 784,801,728 24,180,477 - Note 6, 10, 16c 29 AXIS BANK 619,115,049 619,115,049 - - Note 10, 14a 30 BANK OF BARODA 127,042,940 127,042,940 - - Note 10, 13c, 13e, 18a 31 EARC TRUST - SC 326 (assigned from Bank of 100,000,000 100,000,000 - - Note 13e Baroda) 32 LAKSHMI VILAS BANK - - - - Note 13b 33 HDFC BANK - - - - Note 14b 34 HDFC LIMITED 701,074,028 - - - Note 11 35 INDIAN OVERSEAS BANK 537,440,749 - - - Note 11 36 JAMMU & KASHMIR BANK 379,970,638 - - - Note 11 37 IFCI LIMITED 361,379,168 - 361,379,168 - Note 16a 38 L&T INFRASTRUCTURE FINANCE - Note 16b COMPANY LIMITED 336,728,510 336,728,510 - 39 MELWANI GOPAL THARUMAL AND / OR 843,775 843,775 - - Note 10 MELWANI VINOD 40 ARVIND PARAKH HUF 851,106 840,483 10,623 - Note 6, 10 41 MR. ARVINLAL N SHAH & MRS. 806,649 806,649 - - Note 10 INDUMATI A SHAH 42 MR. JIWAT K DANSANGHANI AND MRS. 962,270 328,580 633,690 - Note 6, 10 NEETU J DANSANGHANI 43 NATHU RAM VERMA 236,251 236,251 - - Note 10 44 ESSAR STEEL JHARKHAND LIMITED 28,274,989,405 - 28,274,989,405 - Note 8, 9, 9a, 9b, 9c 45 IBROX AVIATION AND TRADING 3,055,262,336 - 3,055,262,336 - Note 8, 9b, 9c PRIVATE LIMITED 46 IMPERIAL CONSULTANTS & SECURITIES 844,918,184 - 844,918,184 - Note 8, 9c 47 EQUINOX BUSINESS PARKS PRIVATE 787,115,154 - 787,115,154 - Note 16 LIMITED 48 ESSAR STEEL MARKETING LIMITED 433,213,690 - 433,213,690 - Note 8, 9b, 9c, 9e 49 HILL VIEW HIRE PURCHASE PVT. LTD. 421,146,852 - 421,146,852 - Note 8, 9c, 9d 50 D R PATNAIK 288,786,412 - 288,786,412 - Note 8, 9, 9c 51 MARVEL MINES & MINERALS PRIVATE 269,794,520 - 269,794,520 - Note 16 LIMITED 52 SANGAM CULTIVATORS PRIVATE 131,861,987 - 131,861,987 - Note 8, 9c LIMITED 53 SR. DIVISIONAL ENGINEER (SOUTH), 3,724,378,720 - 3,724,378,720 - Note 16 EAST COAST RAILWAY/WALTAIR Page 2 of 32 S. No. Name of Financial Creditor Amount Claimed Amount Admitted Amount Rejected Amount - Verification Note Reference (INR) (INR) (INR) Ongoing (INR) 54 SAKAR INDUSTRIES PRIVATE LIMITED 278,521,005 - 278,521,005 - Note 16 55 SRIRAM COMPOUNDS PVT LTD 122,691,804 - 122,691,804 - Note 16 56 ITW INDIA PRIVATE LIMITED 3,491,103 - 3,491,103 - Note 16 57 SHREE JI ENTERPRISES 1,681,655 - 1,681,655 - Note 16 58 SBICAP TRUSTEE COMPANY LIMITED 1,382,003 - 1,382,003 - Note 16 59 HYDROFLEX PIPE PVT LTD 1,031,801 - 1,031,801 - Note 16 60 MAA BHAGWATI ENTERPRISES 296,304 - 296,304 - Note 16 61 CAROL PETROLEUM PVT LTD 206,682 - 206,682 - Note 16 62 SWAGATH URETHANE PVT LTD 206,203 - 206,203 - Note 16 63 MICA & ORES OF INDIA 180,202 - 180,202 - Note 16 64 ISR INFOMEDIA PRIVATE LIMITED 31,500 - 31,500 - Note 16 65 ASHWINKUMAR AND PUSHPA SONPAL - - - - Note 17 TOTAL (INR) 554,402,075,982 494,731,492,070 42,958,035,946 - Page 3 of 32 NOTES - FINANCIAL CREDITORS Note 6: Review of the claim form submitted by the respective financial creditor has resulted in certain claims in parts to be classified as "Amount Rejected".
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