paid during
the tenor. HSBC India had drawn down on SBLC/Guarantee on 15th
February, 2012 for Rs. 3.7 Crores to clear pending interest payments ... without assigning the most important and liquid security of HSBC
SBLC/Guarantee, which was backed by lien and security over cash fixed
deposit
assist in arranging
working capital requirement of maximum Rs. 2000.00 crores
(including SBLC of Rs. 550.00 Crores to be given to ONGC
Mangalore Petrochemicals Limited ... Crores of Stand
By Letter of Credit (in short 'SBLC') and in fact, the Appellant was under
obligation to arrange
basis through a standby letter
of credit under the terms of LOC/SBLC Facility Agreement dated September
27, 2012, as amended, (Tranche 1 Facility ... Trance 2 LOC/SBLC Facility
Agreement dated 1st September, 2015, as amended from a consortium of
lenders led by State Bank of India (Secured lenders
Corporate Debtor, OCC renewal was granted for
Rs.50 Crores and BG/SBLC was of Rs.10 Crores. Corporate Debtor had
issued a Revival Letter ... sanctioned the following limits:
Facility Limit
OCC 50,00,00,000/-
BG/SBLC 10,00,00,000/-
Total 60,00,00,000/-
For a period
Bank Of Maharashtra vs Videocon Industries Limited & Ors on 5 January, 2022
NATIONAL COMPANY
Electrolux Home Products Inc vs Videocon Industries Limited on 5 January, 2022
NATIONAL COMPANY LAW
follows:
Name Investment Collateral
Mr. Herman Johan 6.5 Cr 5 Cr (SBLC)
Oonk and Mr Harm Jan
Oonk(Omega Group
Mr Tuskar Kant Jindal
fund
based working capital facilities of a stand by letter of Credit (SBLC
facility) by way of Credit Arrangement Letters (CALs) executed
between the Corporate
fund
based working capital facilities of a stand by letter of Credit (SBLC
facility) by way of Credit Arrangement Letters (CALs) executed
between the Corporate
