Time is a crucial resource that every company treasures and tries to change into a advantage. When picking document management software program, take note of a clutterless and user-friendly interface that empowers customers. DocHub gives cutting-edge tools to maximize your file management and transforms your PDF editing into a matter of a single click. Replace Alternative Choice into the Collateral Debenture with DocHub to save a ton of time and enhance your productiveness.
Make PDF editing an simple and easy intuitive process that helps save you plenty of precious time. Effortlessly alter your documents and send out them for signing without the need of looking at third-party solutions. Give attention to relevant tasks and enhance your file management with DocHub right now.
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