UCO Bank, the applicant and financial creditor, granted credit facilities to Swati International, a partnership firm, in 2004, including an Export Packing Credit (EPC) limit of Rs. 1.75 crores. In 2006, an ad-hoc cash credit facility of Rs. 2.00 crores was sanctioned, which was later enhanced to Rs. 2.25 crores in 2007, while the EPC limit remained at Rs. 1.75 crores, as per the sanction letter dated 28th March 2007 . In 2008, Swati Mining Private Limited, the Corporate Debtor, took over all assets and liabilities of Swati International. In 2009, UCO Bank issued a fresh sanction letter to the Corporate Debtor, confirming a cash credit limit of Rs. 4 crores and a BG limit of Rs. 0.7273 crores. The bank further revised its sanction limits to Rs. 5 crores in 2011 and then

UCO Bank, the applicant and financial creditor, granted credit facilities to Swati International, a partnership firm, in 2004, including an Export Packing Credit (EPC) limit of Rs. 1.75 crores. In 2006, an ad-hoc cash credit facility of Rs. 2.00 crores was sanctioned, which was later enhanced to Rs. 2.25 crores in 2007, while the EPC limit remained at Rs. 1.75 crores, as per the sanction letter dated 28th March 2007 . In 2008, Swati Mining Private Limited, the Corporate Debtor, took over all assets and liabilities of Swati International. In 2009, UCO Bank issued a fresh sanction letter to the Corporate Debtor, confirming a cash credit limit of Rs. 4 crores and a BG limit of Rs. 0.7273 crores. The bank further revised its sanction limits to Rs. 5 crores in 2011 and then