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1 by Debabrata Bose, a director of the company. Security was also created in favour of the respondent no. 1 by way of hypothecation of stocks, book debts, current assets and plant and machinery of the company. After the demise of the said Debabrata Bose, a corporate guarantee was furnished by one Cachet Waterproof Pvt. Ltd. in the year 2009.

(5) The company also obtained financial assistance from the respondent no. 2 which was secured by way of hypothecation of stocks, book debts, current assets and first charge on the company's plant and machinery as well as pari passu charge/mortgage on the company's properties situated at Panihati.