Page 106 - IBC Orders us 7-CA Mukesh Mohan

Order Passed by Sec 7
Hon’ble NCLT Principal Bench
Further, a Master Facility Agreement of Loan

dated 16 December 2010 executed between the
parties for a facility of INR 650 million is
enclosed herewith as Annexure-I.

21 April 2011: The Financial Creditor issued a
Credit Arrangement Letter dated 21 April 201.1 to

the Corporate Debtor whereby the facility
sanctioned on 16 December 2010 was renewed

with change in terms and conditions qua security
clauses for the loan. A copy of the Credit
Arrangement Letter dated 21 April 2011 is

enclosed herewith as Annexure J. Further, an
amendment was also made to the Master Facility
Agreement dated 16 December 2010 by way of

Letter of Amendment. A copy of the Letter of
Amendment dated 5 May 2011 is enclosed
herewith as Annexure-K.

26 May 2011: Owing to the increasing
requirement of working capital limits by the

Corporate Debtor, a consortium was formed for
working capital limit. A copy of Working Capital

Consortium Agreement dated 26 May 2011 is
enclosed herewith as Annexure-L.

7 October 2011: Credit facility for an overall
limit of INR 700 million, comprising fund based
facility of INR 400 and non-fund based facility of

INR 300 million, as reviewed and renewed by the
Financial Creditor vide Credit Arrangement Letter

dated 7 October 2011. A copy of the said Credit
Arrangement Letter dated 7 October 2011 is
enclosed herewith as Annexure-M.

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