Page 81 - IBC Orders us 7-CA Mukesh Mohan
P. 81
Order Passed Under Sec 7
Hon’ble NCLT Principal Bench
9. In addition to the amount confirmed as reflected in the column 'Total' the Corporate Debtor has
also admitted accrued interest on this amount which could not be quantified at the time of balance
confirmation.
10. It is also pertinent to mention that the Corporate Debtor in its balance sheet has acknowledged the
following amounts as borrowed from the Banks:
Principal Amount Interest Amount
Type of loan
(In Rupees) (In Rupees)
Cash Credit from banks
Foreign Currency Loans 519,00,14,000 315,70,31,000
Rupee Loan 9249,10.04,000 6661,81,38,000
Term Loan from banks
Foreign Currency Loans 827,19,91,000 132,67,19,000
Rupee Loans 196,41,33,000 950,57,18,000
Total 10791,71,42,000 8060,76,06,000
Principal + Interest 18852,47,48,000*
*Only secured loans details have been included in the table above."
11. The State Bank of India and the associate Banks which have merged with it w.e.f. 01.04.2017
have issued default notice to the Corporate Debtor from time to time and the details of the latest letters
sent to the Corporate Debtor are as under:
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