response to PIL‟s request, allotted Loan Registration Number 2009538
under the applicable, ECB/FCCB guidelines. It is stated that the entire
process was handled ... Bank, London Ranch, in connection with the loan application
proposal confirmed the approval of ECB term loan of USD 20 Million
CRL.M.C.2526
response to PIL‟s request, allotted Loan Registration Number 2009538
under the applicable, ECB/FCCB guidelines. It is stated that the entire
process was handled ... Bank, London Ranch, in connection with the loan application
proposal confirmed the approval of ECB term loan of USD 20 Million
CRL.M.C.2526
witness box, he stated during cross-examination that
he advanced the loan in the month of June 2014. The cheque is
dated 04.07.2014. The Court ... transaction.
On the other hand, the accused pleaded that he applied
loan from FCCB bank through the complainant advocate and at that
time, the complainant
Balance Sheet as on 31.03.2011 would show the FCCB as
unsecured loans. The petitioner also produced the Annual Reports from the
period 2011-2012 upto
FCCB Scheme 2003 has been
taken from the official website of the Income Tax Department. It
is a matter of record that FCCB Scheme ... Department. The FCCB Scheme is purely a Scheme of the Central
Government of India and for facilitating raising of capital/loans by
the Indian companies
assessee has utilized
the loan for the purpose of its business activity or
trading activity, the amount of loan to the extent it has
been ... holding
the amount of waiver of loan as capital or trading receipt.
If the amount of the loan has been utilized for capital
expenditure, then
term loans of the secured lenders
have been set out. The manner of restructuring of the holders of fully
convertible commercial bonds ('FCCB ... company has to ensure that all non-CDR lenders
including FCCB are to be restructured as stipulated in final
scheme. The company to provide undertaking
received the amount of Rs.125 Million
USD on account of FCCB, which was transferred into the account ... investment in wholly owned subsidiary companies, the part of the
FCCB was utilized for the investment in EEMF of 82.02 Million
USD, in ADG Fund
purchase of 51% share
holdings of Zynergy India and towards FCCB in terms of the
preceding clause, totalling to Rs.10 Cores ... towards purchase of shares and 5,43,47,250 towards FCCB)
Kohli Ventures has further agreed subject to clause 29(d) to
invest additional amount
respondent was entitled to
issue further debenture and/or raise further loans and the same would be in the
ordinary course of business ... consent of the
petitioner. In my view, even if the issue of FCCB is unsecured as claimed by the
respondent, it is not in dispute
