Page 107 - IBC Orders us 7-CA Mukesh Mohan

Order Passed Under Sec 7
Hon’ble NCLT Principal Bench

2 March 2012: An amendatory Credit

Arrangement Letter dated 2 March 2012 was
issued by the Financial Creditor to the Corporate
Debtor through which cash credit facility was

changed from INR 400 million to INR 450
million. Copy of the amendatory Credit

Arrangement Letter dated 2 March 2012 is
enclosed herewith as Annexure-N.

26 September 2012: Credit facility were reviewed
and renewed with overall limit of INR 750
million, comprising fund based facility of INR

450 and non-fund based facility of INR 300
million vide Credit Arrangement Letter dated 26
September 2012. The Credit Arrangement Letter

dated 26 September 2012 is enclosed herewith as
Annexure-O.

28 March 2013: The Corporate Debtor in order to
meet the additional working capital requirement
again approached the Financial Creditor and other

member financial institutions forming part of the
le1C1 Bank Consortium-I which led to the

execution of the another Working Capital
Consortium Agreement dated 28 March 2013
(ICICP Bank Consortium-II) for an overall limit

of INR 3,560 million, broken into a fund based
component of INR 2,150 million and non-fund

based component of INR 1,410 million. In this
consortium, exposure of Financial Creditor was
continued for INR 700 million. A copy of the said

Agreement is enclosed as Annexure-P.

107