Arcil Portfolio Mumbai Office Mumbai

DENA BANK
ARCIL-CPS-012-I-TRUST

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OVERVIEW
Note: In respect of Accounts not mentioned full efforts are made/ being made, the quantum of recovery is difficult to estimate. No. of cases mentioned in 1st column refers to the total No. of accounts in this Trust

No. of Cases

Status

Amount Received (in lacs) Upto February 2010

Amount yet to be received (in lacs) In Mar-10 After Mar-10

Total Recovery (in lacs)

Fully resolved :-

Partially resolved:-

. 0 0 0

Under Negotiation/ Resolution :Jajodia Steel 0 . 0 350.00 350.00

350.00

350.00

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JIJODIA STEEL MILLS PVT LTD

Total Outstanding/Claim :Rs231 Lacs(Suit Amt) Defendents-1.Babulal S Agarwal 2.Ramniranjan S Agarwal 3.Sanjay B Agarwal 4.Smt Bagwati Devi R.Agarwal 5.Smt.Kiran L. Agarwal 6.Laxminarayan S.Agarwal 7.Smt Shantidevi S.Agarwal 8.Manish R.Agarwal and 9.M/s Agarwal Machine& Engneering stores(Partnership ) Credit Facilities:C.C 10 lacs & TL37.50 lacs,Bills-190 lacs,Demand Loan 2.31 lacs,ILC-50 Lacs (Limits are of 03.01.1996). Other lender/Charges: Dena Bank is sole lender Securities/Asset available: 1 Office premises no.15 on 2nd floor of Pannalal Building situated at 63/69 Nagdevi cross lane Mumbai 400003 Adm 340.26 sq.ft valued at Rs 18.71 lacs 2 Office Premises No.B-332 on 3rd floor in steel chambers tower wing B Adm.23.78 Sq.Mtr at plot No.514 adjoining Kalombali Tel.Exchange New Mumbai 410218 valued at 0.89 lacs 3. Undertaking cum Negative lien dt 27.11.92 on Flat No.81 & 82 And 83. at Daria Mahal .80 Napean Sea Road Mumbai 400006 Valued at 500 lacs All valuations are of 2006 Current Posn. SARFAESI ACTION--OTS-: O.A.No.1496 of 2006 for Rs231 lacs .It is yet to be decreed. Impleadment is challenged Notice issued under 13(2).The objections raised are replied in the last week of Feb.2010. The borrowers have shown willingness to settle the dues through OTS firm offer with down payment is yet to come.

OTHER INFORMATION FIR was filed against the company and others on 15.01.99 for misappropriation of bills proceeds. Resolution Strategy1 ARCIL impleaded 2.Try OTS 3.Persue DRT proceedings effectively Expected Recovery-: 2010-11 Rs 350.00 Lacs.

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