Rs.5,09,50,000/- was disbursed on 09.10.2015 for an amount of Rs.3,15,00,000/- and on L2.02.20L6 for an amount of Rs.1,94,50,000/-. The defendant nos.1 to 3 executed all necessary loaning documents on 13.07.2015 and 29.07.2015. The DCS Term Loan of Rs.509.50 Lakhs was secured by way of securities i.e., (i). First Charge by way of hypothecation of whole'of current assets, of the borrower, bothpresent and future and including but not limited to, all stocks of raw materials, work inprogress, semi-finished goods, finishedgoods, packing material, stores etc. (ii). First charge by way of hypothecation of allpresent and future book debts, receivable and other actionable claims due to the borrower. (iii). First charge by hypothecation in favour of SIDBI of all the Borrower' s movables (save and except book debts) including the movables, plant, machinery spares, tools and accessories, office equipments, computers, furniture and fixtures which have been orproposed to be acquired under the p@ect, bothpresent and future.(iv). First Charge by way of mortgage of leasehold rights infavour of SIDBI of immovableproperties of the company, both present and future, situated at Industrial Plot No. F- 45 & 46, Agro Food Park, MIA RIICO, Industrial Estate, Alwar, Rajasthan admeasuring 4128 sq mtrs together with all building and structure thereon attached to the earth orpermanently fastened or anything attached to the earth. Thispropefi is sold by the applicant under SARFAESI Act.(v). First Charge by way of mortgage of Residential House in favour of SIDBI of all immovableproperties owned by of defendantsno 2 and 3 bearing no. 3551L5, Jain Mohalla, Samana, District Patiala, Punjab admeasuring 1149.58 sq C).
