Page 80 - IBC Orders us 7-CA Mukesh Mohan

Order Passed by Sec 7
Hon’ble NCLT Principal Bench
15. Revival Latter(s) dated 10 March 2017 in favour

of State Bank 01 India with respect to the Master
Facility Agreement dated 12 March 2014 for a
sum of Rs. 4300 Crores.

16. Revival Letter dated 1 September 2016 in favour
of erstwhile State Bank of Mysore with respect to

the Memorandum of Agreement dated 16
September 2013 for Rs. 100 Crores.

Copies of the above revival letters are annexed herein
as Annexure 8 Molly).

8. There are then the balance confirmation letters by the Corporate Debtor which have been placed
on record at pgs. 7321-7342 (Vol 38-39). It is pertinent to notice one sample confirmation letter duly

signed on behalf of the respondent which reads 'I/We confirm that the balance of my/our Buyer's Credit
Account of Rs. 133.00 Cr as on 31st March 2016 was Rs. 127,84,14,555.16 Cr. (Rs. One hundred twenty
seven crores eighty four lacs fourteen thousand five hundred fifty five only). Similar confirmation letters

have been issued to the State Bank of India and the associate Banks which have merged with it w.e.f.
01.04.2017. The petitioner have furnished the details of balance confirmation in the form of a table which
for convenience is extracted and the same reads as under:-

"Details of balance confirmation

Entity Date of Balance Amount confirmed (In Page No.
Rupees)
Sate Bank of India 31 March 2016 4011,67,48,711.23 Pg 7342 (Vol 39)

Erstwhile State Bank of 31 March 2016 926,40,52,394.00 Pgs. 7321-7334 (Vol
Bikaner and Jaipur 38)

Erstwhile State Bank of 31 March 2015 916,94,31,879.70 Pg 7335 (Vol. 38)
Patiala

Erstwhile State Bank of 31 March 2017 670,07,92,810.70 Pgs. 7336-7338 (Vol
Mysore 38) & Pgs. 7339 to 7341
(Vol 39)

Total 6525,10,25,795.63

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