Rs.20 crores and a Fresh Limit of Rs.5 crores vide its sanction letter dated t4.Og.ZOl7.It is submitted that the takeover facility of Rs.5 crores was parked at the Corporate Banking Branch of the applicant bank whereas, the facility of Rs.20 crores was parked at its B-Block, Janakpuri of the applicant bank. The defendant no.2 executed all necessary loaning documents on 22.08.2017. The proposed limit was duly secured by exclusive charge on entire current assets of the defendant no.1 both present and future as primary security. The defendant no.3 stood as guarantor and executed deed of guarantee dated 22.08.2077 in favour of the applicant bank. It is submitted that the defendant no.3 created mortgage in respect of his propefi i.e., All that piece and parcel of land of A-31232, Janakpuri, New Dethi together with all the building and structure thereon, fixture, fittings and all plant and machinery attached to the earth or permanent fastened to anything attached to the earth both present and future. Again, at the request of defendant no.2 being the proprietor of defendant no.1, the applicant bank renewed the Cash Credit Limit Facility of Rs.25 crores vide sanction letter dated 14.01.2019.
