M/s Abir Knits Pvt. Ltd is a company involved in a legal case regarding a cash credit limit of Rs. 10.00 Crores granted by Punjab National Bank. The company, through its directors, mortgaged its factory land and building as security for the loan. The loan account became irregular and was classified as NPA, with an outstanding debit of Rs. 11,12,37,711.00.
Trade & shipping terms
Set by ABIR KNITS PRIVATE LIMITED — the supplier's own terms.
Payment terms
T/T, L/C at sight, 30% advance
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