Page 744 - IBC Orders us 7-CA Mukesh Mohan

Order Passed under Sec 7
By Hon’ble NCLT Mumbai Bench
IN THE NATIONAL COMPANY LAW TRIBUNAL
MUMBAI BENCH

C.P. (I.B.) No. 1092/7/NCLT/MB/2017

Decided On: 16.08.2017

Applicant: HDFC Bank Limited
Vs.
Respondent: Kamla Real Estate Hub Private Limited

Judges/Coram:
Hon'ble Sh. M.K. Shrawat, (Member (J))

Counsels:
For Appellant/Petitioner/Plaintiff: Mr. Shyam Kapadia a/w sankalp anantwar and nishitha nambiar,
Learned Advocates

For Respondents/Defendant: None

JUDGMENT

Hon'ble Sh. M.K. Shrawat, Member (J)

1. The Petitioner is a "Financial Creditor", hence submitted Form No.1 on 14th June 2017 in respect

of outstanding financial debt of Rs. 1,21,17,752 (Principal) and interest thereon. The Financial
Debtor is Kamla Real Estate Hub Private Limited, stated to be in purchase-sale of vehicles and
spare parts business.

2. In brief facts relating to the disbursement of the debt are that Inventory Funding Facility (AUIP)
was sanctioned on 5th October, 2013 for a sum of Rs. 2 crores which was disbursed on 14th

October 2013. Thereafter, the said facility was renewed vide sanction letter dated 01st July, 2014
for an amount of Rs. 5 crores, which was also disbursed. However, as per the information
available on the requisite form furnished by the Financial Creditor is that the outstanding amount

as on the date on which the default occurred was as under:-

3. Total outstanding Amount:

744