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so lets see what happens if you issue debentures as a collateral and the company is unable to meet this obligation for the interest or loan and the bank revokes or invokes its right in the debentures right so lets see this particular case which deals with this aspect XYZ limited took a loan of 10 lakh on April 1 2010 at 12 percent per annum which was securitized by plant and machinery and was repayable on March 31 2011 so lets prepare the sequel of the date so April 1 2010 loan taken repayable on March 31 2011 along with interest so the interest also has to be paid on in this state whats the difference between these two period its 12 months the loan was collateralized by security of 12% debentures of 500,000 so you took a loan of 10 you issued the security of the venture of 5 the company was unable to pay the loan on due date and the bank sold off the plant and machinery for 600,000 so this is the third variable it also invoked the right vested in it for the debentures on June 30