Gajanan Solvex Limited (Corporate Debtor) requested State Bank of India (Petitioner/Financial Creditor) to sanction a Fund Based Working Capital (FBWC) limit of Rs. 20 Crores and a Fund Based Term Loan (FBTL) limit of Rs. 35 Crores, totaling Rs. 55 Crores, including a Letter of Credit (LC) limit of Rs. 1.25 crores. The Petitioner sanctioned the credit facilities under a Letter of Arrangement dated 03.11.2011. The Petitioner provided various documents in support of the facilities granted, including loan agreements, hypothecation agreements, and letters of confirmation. The Petitioner enhanced and renewed the loan facility on request of the Corporate Debtor. The Corporate Debtor's authorized signatory affirmed the balances in the loan accounts and executed a Balance

Gajanan Solvex Limited (Corporate Debtor) requested State Bank of India (Petitioner/Financial Creditor) to sanction a Fund Based Working Capital (FBWC) limit of Rs. 20 Crores and a Fund Based Term Loan (FBTL) limit of Rs. 35 Crores, totaling Rs. 55 Crores, including a Letter of Credit (LC) limit of Rs. 1.25 crores. The Petitioner sanctioned the credit facilities under a Letter of Arrangement dated 03.11.2011. The Petitioner provided various documents in support of the facilities granted, including loan agreements, hypothecation agreements, and letters of confirmation. The Petitioner enhanced and renewed the loan facility on request of the Corporate Debtor. The Corporate Debtor's authorized signatory affirmed the balances in the loan accounts and executed a Balance