guidelines
and the Credit Guarantee Fund Trust for Micro and Small
Enterprises (CGTMSE) scheme, as it did not disclose the amounts
recovered from the CGTMSE ... claim 75% of the
amount in default from the CGTMSE. A consequential direction is
sought to the bank not to interfere with the petitioner firms
would be hypothecated to banks
and all loans will be covered under
CGTMSE Scheme as per guidelines. At
present Retail trade activity is not
covered ... under CGTMSE."
21. Thus, the respondent-bank while implementing
the PMMY Scheme is not supposed to have any
collateral security
Scheme covered under
Credit Guarantee Corporation for Micro, Medium and
Small Enterprises (CGTMSE). The CGTMSE is the
guarantor for the loan advanced to the defendants ... plaintiff bank not impleaded CGTMSE and therefore, the
5 O.S.No.9325/2015
suit is bad for non-joinder of necessary parties. The
defendants
Credit Guarantee Fund Trust for Micro &
Small Enterprises (For short "CGTMSE") Scheme
as per the master circular dated 7th June,
2018 issued ... therefore, the amount which is received by
the respondent-bank under the CGTMSE Scheme
should have been credited in the account of
the petitioner
Guarantee Fund Trust for Micro and Small Enterprises
Scheme (In short 'CGTMSE'), inspite of granting term
5 Spl.CC.180/2013
loan without ... created documents as genuine and availing
the cash credit limit under CGTMSE Scheme.
10(b) The learned Senior Public Prosecutor has
relied upon the following
joinder of necessary party i.e. the competent
authority under CGTMSE. On the merits of the suit, the
defense taken is that the rate ... certified vehicle valuer. It is contended
that the loan is governed under CGTMSE scheme and
therefore without impleading the authority under the said
scheme, suit
months. The credit facility is also backed by 100%
coverage under CGTMSE. The activity carried on by the
defendant was worst affected as is evident ... Under normal circumstances
especially Units financed under PMEGP backed by CGTMSE
coverage as well as impact of extraneous factors such as impact
Covid-19, recover
KABC170011532024
that the defendant's loan account is covered by CGTMSE
and hence as per the concerned circular, defendant's loan
account falls ... that since the
defendant's loan account is covered under CGTMSE scheme
there is waiver from legal action. Ex. P22 is certificate under
Bankers
Eligible Lending Institution for availing benefit under the Credit Guarantee Scheme of CGTMSE, copy of which was sent to the Dy. Director to the Government ... have been enlisted to advance any loan under Credit Scheme of CGTMSE are legally entitled to grant collateral security free loan to the intending borrower
plaint
averments. It has contended that the suit is not maintainable.
The CGTMSE is set up under the Ministry of MSMED Bank of India ... under MSME
Enterprises availed credit facility of Rs.7.00 lakhs under CGTMSE
for a period of 12 months with interest
