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3. The FIR in question was registered on 29.6.2019 under Sections 120-B read with 420, 467, 468 and 471 IPC against accused M/s Naftogaz India Private Limited, Mahadoom Bawa, Deepak Gupta, Seema Gupta, Ram Murti Devi, Vijay Kumar, Vyas Dev, Ravinder Pandita and K. Gangadharan on the basis of a written compliant dated 27.6.2019 filed by Ms. Beena Vaheed, Deputy General Manager and Zonal Head, Delhi (North) of erstwhile Corporation Bank, New Delhi.
4. During the year 2009-10 to 2012-13, M/s Nafto Gaz India Private Limited having registered office at E 14/13, Vasant Vihar, New Delhi through its Managing Director Sri Mahadoom Bawa was availing credit facilities of Rs.472.79 Crores from the consortium of eight banks including Corporation Bank, Mid Corporate Branch, Sector-18, Noida, U.P.. The said branch of the Corporation Bank had sanctioned Cash Credit Limit of Rs.20 Crores and LC/BG for Rs.85 Crores to M/s Nafto Gaz India Private Limited. The said cash credit facilities were secured by Paripassu charge on Book debts/current assets amounting to Rs.528.16 Crores, pledge of FD amounting to Rs.12.75 Crores, Plant, machinery and other movable assets amounting to Rs.3.20 Crores, Residential building situated at Plot No.13, Street No.E-14M, Vasant Vihar, New Delhi of the company valuing Rs.5.91 Crores and residential property situated at 51-A, Khasra No.75, Arjun Nagar, Yusuf Sarai, New Delhi in the names of guarantors namely accused Deepak Gupta, Seema Gupta and Ram Murti Devi.