Page 34 - IBC Orders us 7-CA Mukesh Mohan

Order Passed by Sec 7
Hon’ble NCLT Principal Bench
Issue Date Loan Amount in Rupees

23-Jul-2013 40,000,000.00
13-Jan-2014 13,000,000.00

30-Dec-2013 15,000,000.00
23-Apr-2014 10,000,000.00

11-Oct-2013 7,500,000.00
15-Jan-2014 12,000,000.00
27-Mar-2014 5,000,000.00

07-Oct-2013 10,000,000.00
30-Sep-2013 22,500,000.00

4. The default occurred on 21.07.2015 and as on 01.05.2017, the total amount due was Rs.

13,96,01,507.78/-. A computation of the outstanding due has also been placed on record.

5. In the particulars of security, the 'Financial Creditor' has disclosed that a charge in its favour stand

duly registered with the RoC. The credit facilities in terms of the Facility Documents and by virtue of the
Hypothecation Deed was to be secured by exclusive charge on receivables worth Rs. 750 million from
designated schools, which included the current receivables pool of 414 Schools and proposed receivables

of 48 Schools. True copies of CHG-1 Form for creation of charge, CHG-1 Form for modification of
charge, Certificate of Registration of charge, Certificate of registration for modification of charge and

valuation report have been placed on record. The latest and complete copy of the Financial Statement
reflecting all amendments and waivers have also been placed on record. Further copies of entries in the
Bankers Book in accordance with the Bankers Books Evidence Act, 1981 have also been attached, which

are true copies of the Statement of Accounts, Balance Confirmation Certificate in accordance with the
Bankers Books Evidence Act, 1891 alongwith IT Certificate.

6. There are a number of other documents attached to the application to prove the existence of
financial debt, the total outstanding amount and the date of default, which are as under:

(i) True copy of the offer cum Sanction letter No. CDT/ADMIN/503/2011 dated 12th October, 2011
(ANNEXURE-G).

(ii) True copy of the Board Resolution dated 13th October, 2011 passed by the Corporate Debtor-
(ANNEXURE-H).

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