Funded Interest Term Loan (FITL), Rs.1,98,54,097/- as on
24.07.2023 for GECL and Rs.7,99,266/- as on 01.08.2023 for
vehicle
Funded Interest Term Loan (FITL), Rs.1,98,54,097/- as on
24.07.2023 for GECL and Rs.7,99,266/- as on 01.08.2023 for
vehicle
deferment period upto August 31, 2020, into a
funded interest term loan (FITL) which shall be repayable not
later than March 31, 2021.
(ii) Easing ... above measures. "
Asset Classification
7. The conversion of accumulated interest into FITL, as
permitted in terms of paragraph 3 above, and the changes
directions moratorium of six months was permitted to
your accounts and FITL was sanctioned to provide you a breathing
period to revive your business ... lacs., and one UCECL loan of Rs.85.00 lacs and FITL loan of Rs. 22.98
lacs.
Pre pandemic Bank has enhanced your Packing Credit
deferment period up to
31.08.2020, into a Funded Interest Term Loan (FITL), which shall
be repayable not later than 31.03.2021.
6.2. On easing of working
SETTLEMENT OFFER DATED
05.11.2022 WITH RESPECT TO ACCOUNT
NO.5115675106 FOR THE FITL FACILITY
OF RS.6.70,000/-
Exhibit-P7 TRUE COPY
respondents would also submit that a Funded
Interest Term Loan (FITL) was allowed to the 1 st petitioner and
that too with 12-month moratorium
TRUE COPY OF THE STATEMENT OF RS.RS.5000/-
PAID TO FITL LOAN ACCOUNT NO.1566747000002
Loan,
₹4,33,900/- towards WC Term Loan, ₹2,99,000/- towards
FITL and ₹16,81,000/- towards Over Draft facility to the
petitioner
year 2018. The petitioners were
also given a housing loan and FITL loan subsequently. The
loans were declared NPA due to the default ... petitioners,
more than ₹8,35,000/- is due to the respondents. The FITL
loan is also in arrears.
W.P.(C) No.37431/2023